Doha, Qatar: The Qatar Central Bank has unveiled an enhanced edition of the QPAY electronic payment gateway. The updated version facilitates swift processing of local online transactions, reducing expenses for merchants. Additionally, it enhances security measures, mitigating the risk of financial fraud.
The Qatar Central Bank stated that this launch aligns with the Financial Sector Strategy and reflects its ongoing commitment to organize and advance the country's financial sector. Emphasizing the bank's dedication to staying current with advancements in payment systems and electronic fund transfers, it noted, "This initiative is part of Qatar Central Bank's ongoing efforts to enhance payment system infrastructures."
