Qatar-based fintech leader SkipCash has announced record-breaking growth for the first quarter of 2026, driven by a 100% year-on-year increase in total transaction activity. The surge follows the company’s recent $4 million Series A funding round and reflects a massive shift toward digital payment infrastructure among Qatari SMEs and enterprise operators.
Accelerating Merchant Adoption and Tap-to-Phone Expansion
The Q1 growth data highlights a 50% year-on-year increase in merchant onboarding, as local businesses move away from legacy systems toward SkipCash’s integrated payment solutions. A standout performer this quarter was the “Tap-to-Phone” technology, which recorded a 40% growth in adoption. This solution allows merchants to transform NFC-enabled smartphones into secure payment terminals, eliminating the need for traditional POS hardware and lowering the barrier to entry for smaller retailers.
Sector-Specific Growth and Digital Infrastructure
SkipCash’s expansion was not limited to a single industry; the platform recorded a 120% growth across diverse sectors, including F&B, retail, and digital commerce. According to Executive Director Mohammed Al-Delaimi, the momentum is a result of building infrastructure that goes beyond simple payment processing. The company’s current focus centers on helping businesses simplify operations and improve overall efficiency through its real-time dashboard and automated digital commerce tools.
A Maturing Fintech Ecosystem in Qatar
The recent performance metrics underscore the growing maturity of Qatar’s fintech sector. Al-Delaimi noted that the alignment between fintechs, traditional banks, regulators, and merchants is at an all-time high. This collaborative environment, supported by licenses from the Qatar Central Bank (QCB), has positioned SkipCash to handle transaction volumes that exceeded QAR 1 billion in 2025, setting a high benchmark for the remainder of the 2026 fiscal year.
About SkipCash
SkipCash is a leading Qatari digital payment platform licensed and regulated by the Qatar Central Bank. Founded in 2019 by Mohammed Abdulaziz Al-Delaimi, the company provides a comprehensive suite of payment solutions, including online gateways, eCommerce plugins, and mobile-based POS systems. SkipCash is backed by major investors including Qatar Development Bank and Qatar Islamic Insurance Company, and is currently focused on scaling its smart payments infrastructure across the GCC region.
Source: Mohammed Al-Delaimi
