Qatar Development Bank (QDB) has renewed its partnership with Qatar National Bank (QNB) on the sidelines of the Web Summit Qatar 2025, which is taking place at Doha Exhibition and Convention Center.
The partnership will see the launch of an accelerator program to drive fintech innovation and foster collaboration with QNB Group, which will support the growth of Qatar’s financial ecosystem and digital business environment.
The agreement centers on boosting the adoption of fintech through specialized programs managed by Qatar FinTech Hub, the QDB arm responsible for FinTech initiatives. The program will explore key use cases and opportunities that require innovative fintech solutions, and offer the necessary support and guidance to attract and empower promising startups to develop cutting-edge solutions.
Additionally, the program will help startups in accessing markets and navigating licensing processes. QNB will play a crucial role in identifying challenges and unlocking opportunities in the fintech industry, providing technical expertise and a secure environment to test these solutions, while exploring investment opportunities in high-potential ventures.
Adel Al Malki Senior Executive Vice President – QNB Group Retail Banking
“At QNB, we are committed to driving innovation and contributing to the development of Qatar’s digital ecosystem. Our partnership with Web Summit Qatar 2025 reflects our shared vision with QDB to advance technological progress and unlock new growth opportunities in local and regional markets across various industries.”
Mohammed Al Emadi, QDB’s Executive Director of Investments and Incubation, highlighted that the partnership marks a key step forward in the bank’s ongoing efforts to support Qatar’s fintech ecosystem and empower entrepreneurs to develop pioneering solutions that fall in line with the rapidly evolving sector and the fintech strategy led by Qatar Central Bank.
“Supporting innovation is a key pillar of QDB’s strategy. We believe in creating an environment that fosters creativity and innovation, particularly in financial technology, where we aim to excel by strengthening integration between financial institutions and startups,” Al Emadi added.
The partnership seeks to attract cutting-edge global financial technology solutions, draw international entrepreneurs to Qatar, stimulate investment in startups, accelerate fintech adoption, and enhance private sector participation in the ecosystem.
This move highlights QDB’s commitment to a comprehensive strategy that supports the digital economy and strengthens the entrepreneurial ecosystem, in line with Qatar National Vision 2030, which aims to cultivate a diversified, sustainable, and knowledge-based economy.
Furthermore, the agreement aligns with QDB’s strategic focus on digital transformation, empowering the private sector, and developing a thriving entrepreneurial ecosystem, reinforcing Qatar’s position as a regional hub for fintech innovation.
