The Ministry of Commerce and Industry (MoCI) has strategically partnered with Ooredoo Money, as part of the Ministry’s efforts aimed to support private sector growth and streamline doing business nationwide.
This partnership will provide Small and Medium-sized Businesses (SMBs) with innovative and accessible financial solutions, by integrating with the Ministry’s Single Window platform. The agreement was signed by Shaikh Ali Bin Jabor Al Thani, Chairman of Ooredoo Financial Services, and Mr. Saleh Majed Al-Khulaifi, Assistant Undersecretary for Industrial Affairs and Business Development at the Ministry of Commerce and Industry.
Under the partnership, entrepreneurs and investors will be able to open Ooredoo Money accounts and access a comprehensive range of financial services, including commercial wallets, the Wage Protection System (WPS), and bulk payment services.
The initiative will enable SMEs to manage their financial resources more efficiently through flexible and secure payment solutions, supporting their long-term expansion and growth.
Al Khulaifi added that the initiative meets the needs of SMEs by allowing access to flexible financial solutions that facilitate transactions, enhance financial management, and boost growth opportunities. “Through our collaboration with Ooredoo Money, we are introducing advanced financial tools that support business sustainability and enhance Qatar’s investment climate,” he stated.
Ayed Manahi Al Qahtani, assistant undersecretary for Commerce Affairs at the Ministry of Commerce and Industry, highlighted that this partnership aligns with the Ministry’s efforts to accelerate digital transformation in the business environment.
Al Qahtani reiterated the Ministry’s commitment to fostering an advanced business ecosystem by facilitating access to digital financial services and enabling companies to conduct transactions quickly and efficiently.
“Through the Single Window platform, businesses will benefit from innovative financial solutions that streamline their operations and enhance their financial stability,” he added.
