Central Banking

Qatar launches m-payment scheme

mobile-phone1

The Qatar Central Bank on Monday licensed two telecom network operators to offer mobile money transfer and payment services, making the central bank the first in the region to operate such a scheme.

Sheikh Abdullah bin Saud Al Thani, the governor of central bank, said it had permitted Qatar Telecom and Vodafone to add mobile money transfer and payment services with licensed banks and exchange houses. Customers of the two companies will now be able to transfer money for services provided by publi

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