Dr. R Seetharaman, the CEO at Doha Bank, says that cooperation between Qatar and Hong Kong in key areas resembling digital commerce, supporting startups, and the event of Fintech platforms may strengthen bilateral relations between the 2 nations.
Seetharaman, whose feedback got here throughout a recently-held webinar, famous that Qatar and Hong Kong’s relations can turn into stronger as each international locations proceed to assist the Lusail Sensible Metropolis mission.
Seetharaman revealed that bilateral commerce between the 2 nations is valued at roughly $1 billion (in 2019). He confirmed that there are a number of MoUs which have been signed between Hong Kong Particular Administrative Area (HKSAR) authorities, InvestHK, and the Hong Kong Normal Chamber of Commerce (HKGCC) and the Qatar Monetary Middle Authority (QFCA).
As reported by The Gulf Occasions, these MoUs intention to strengthen the cooperation between the international locations on many various initiatives together with Fintech improvement and adoption.
Yousuf Mohamed al-Jaida, the Chief Govt at Qatar Monetary Middle, just lately said that the nation goals to leverage the potential of the Fintech sector by working with different Asian international locations, together with Bangladesh, India, Pakistan.
The current webinar, which went over “Bilateral and Synergistic Opportunities Between Qatar and Hong Kong,” additionally included feedback from Wenda Ma, assistant principal economist, Hong Kong Commerce Improvement Council. Ma talked in regards to the “Qatar and Hong Kong: Trade and Investment Relationships and Opportunities,” in the meantime, Alan Lee, regional director, Enterprise Improvement-The Govt Centre, mentioned numerous actual property methods which may work effectively as we address COVID-19.
As reported, the Qatar Fintech Hub continues to obtain purposes, because the nation prepares for a cashless, knowledge-based digital economic system.
Qatar’s cell cost firm SkipCash, which relies within the Qatar Monetary Middle (QFC), is planning to diversify its companies and likewise goals to serve abroad markets. SkipCash has joined Visa’s Fintech quick monitor program, which can enable the Fintech agency to seamlessly combine with Visa and leverage the attain, capabilities, and safety of VisaNet, the cost large’s world cost community.
SkipCash can be providing numerous cell cost options (in-app purchases, on-line assist, and POS). It’ll additionally concern bodily and digital Visa playing cards, and facilitate card-to-card transfers.
Mohamed Abdulaziz al-Delaimi, co-founder and MD at SkipCash, remarked:
“This will help us go beyond mobile payments, and even beyond the local market.”