Qatar Central Bank has announced the end of the direct links to the “Sadad Payment Solutions” company, as the first financial technology company to directly connect with the National ATM and the NAPS and the e -commerce portal (QPAT) to address the payment operations using cards, this comes in line with the third strategy of the financial sector and a continuation of the continuous efforts of the Qatar Central Bank to enhance the financial technology sector and support national companies Emerging.
The Central Bank of Qatar stressed, in a post on the social networking site / X / Today, that this step represents an important development in the field of supporting financial technology companies, as it contributes to enhancing the efficiency of payment operations, reducing costs on entrepreneurs and financial technology companies, in addition to supporting innovation in the financial technology sector to build a national economy based on knowledge and innovation.
This step also reflects the commitment of Qatar Central Bank to support emerging national companies, by enabling it to provide advanced payment solutions that meet the needs of society, which contributes to strengthening the system of digital payments in the country.