In a significant move to accelerate Qatar’s digital transformation, Doha Bank, one of the nation’s leading financial institutions, has announced a strategic partnership with MENA’s payment orchestration provider, PayTabs Group. The collaboration is set to enhance the e-commerce ecosystem for merchants across Qatar by delivering a suite of innovative digital payment solutions.
Driving Qatar’s Cashless Vision
This strategic alliance is directly aligned with the goals of Qatar National Vision 2030, focusing on fostering a cashless economy and strengthening the country’s position as a regional hub for digital innovation. By combining Doha Bank’s financial expertise with PayTabs’ advanced payment infrastructure, the partnership aims to provide merchants, entrepreneurs, and corporations with secure, seamless, and future-ready payment solutions, supporting the nation’s broader objectives of inclusivity and sustainable economic growth.
Empowering Local Merchants and SMEs
A core objective of the collaboration is to empower small and medium-sized enterprises (SMEs), which are crucial to Qatar’s economic diversification. The joint initiative will equip these businesses with the necessary tools to thrive in the digital marketplace, offering cost-effective and efficient payment acceptance methods. Dimitrios Kokosioulis, the Deputy CEO at Doha Bank, emphasized this commitment, stating, “This partnership with PayTabs reflects our dedication to fostering local entrepreneurship, financial inclusion, and the continued evolution of digital commerce in the country.”
Eyad Musharbash, Regional Head and Operating Partner for the PayTabs Group, echoed this sentiment, calling the partnership a “strategic milestone” in the company’s MENA expansion. He added, “PayTabs Group will collaborate with Doha Bank to help build Qatar’s cashless economy by enabling SMEs, e-commerce platforms and corporate enterprises with secure, innovative and cost-effective digital payment solutions that align with the nation’s vision for a connected, inclusive future.”
About Doha Bank
Established in 1979, Doha Bank is a leading commercial bank with a strong domestic and international presence. It has been at the forefront of the digitalisation of banking services in Qatar, setting industry benchmarks with its state-of-the-art initiatives. The Bank provides individuals, commercial, corporate, and institutional clients with new ways to manage their financial lives, underscored by its strong credit ratings—A by Fitch and Baa1 by Moody’s.
About PayTabs Group
Founded in 2014 by Saudi entrepreneur Abdulaziz Al Jouf, PayTabs is a payments infrastructure company providing simple, secure, and scalable solutions to power financial inclusion across the MENA region. The company processes transactions in multiple currencies and markets, offering a full stack of B2B payment solutions, including digital invoicing, QR codes, social media payments, and point-of-sale platforms. Its AI-powered orchestration platform allows businesses to create fully independent payment platforms tailored to their specific needs.
Source: Zawya
