Qatar Central Bank announces upgraded version of QPAY

Qatar Central Bank

The Qatar Central Bank has unveiled an enhanced version of its electronic payment gateway, QPAY. This latest iteration enables swift completion of online local purchases, reduces costs for merchants, and enhances security measures to prevent financial fraud.

The announcement aligns with the Financial Sector Strategy, reflecting the Qatar Central Bank's ongoing commitment to organizing and advancing the country's financial sector.

"This launch is a testament to the Qatar Central Bank's dedication to developing payment system infrastructures and staying abreast of the latest advancements in payment systems and electronic fund transfers," the statement added.