Doha Bank, one of the largest commercial banks in Qatar, has signed a memorandum of understanding (MoU) with KARTY, Doha-based fintech startup, to promote financial literacy and innovation in the country.
The MoU marks the commencement of a strategic partnership between Doha Bank and KARTY under the startup’s Financial Literacy Campaign as part of the Fintech fast-track program in Central and Eastern Europe, the Middle East, and Africa (CEMEA) region in partnership with the world’s leading payment solutions provider, Visa.
Under its Financial Literacy Campaign, KARTY aims to equip citizens and residents across Qatar with the knowledge to make informed and sustainable financial decisions, tackling areas such as financial fraud and money management.
KARTY, the winner of the Qatar Fintech Hub (QFTH) Hackathon and an awardee of the Innovation Coupon (IC) a funding program under Research, Development and Innovation (QFRDI) in Qatar Foundation, has fast-tracked its growth in the Qatari market since its launch in 2021.
With the support of the major public- and private-sector players in Qatar, including the Qatar Financial Center, Qatar Science and Technology Park, and the Digital Incubation Center, the startup is now extending its fintech expertise to the wider community.
“The fintech innovation value chain thrives on information exchange and skills development, not only for startups and entrepreneurs but also and more critically so for the communities they serve and empower. In building a knowledge-based digital economy, the onus is on financial entrepreneurs, startups, institutions, and policymakers to work together and ensure that financial literacy is accessible to all.”
“We’re proud to be joining forces with Doha Bank, which has pioneered several digital innovations and solutions in Qatar’s financial landscape and has led by example in supporting our country’s fintech industry and entrepreneurs. This campaign is merely the start of more ambitious initiatives and projects in our pipeline, as we continue to expand our operations, partnerships and customer base in Qatar,” Mr. Abdulaziz Ali Al Marri, Co-Founder of KARTY, said.
Over the past decade, Doha Bank’s portfolio has heavily focused on customer-centric, digitally-native, and financially inclusive products and services strengthening fintech collaborations and innovations. The bank has also actively supported Qatar’s fintech ecosystem, providing payment gateway solutions to startups.