„Qatar Mobile Payment System” (QMP) provides a new and safe method for immediate electronic payment, after completing the infrastructure and all the requirements of the central system for electronic payment at the State level, according to international best practices in the field of mobile payment services.
„The system (which was recently implemented) aims to enable the user to use the electronic wallet on his or her mobile phone to carry out electronic payments from one person to another and pay the purchase price in addition to conducting withdrawals and cash feeds for electronic wallets in an instant, round the clock (24 hours a day), seven days a week, as well the system enables the opening of electronic wallets for all users alike, which contributes to enhancing financial inclusion in the State.”, according to the press release.
„To make payments easily and quickly, Qatar Central Bank (QCB) has issued unified specifications and standards for the QR code that enables users to make payments by scanning the response code (QR Code) through the mobile phone at points of sale and public transportation.”, the institution said.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
