The Qatar Mobile Payment (QMP) is Qatar Central Bank's first instant national digital wallet for transactions, bringing together all mobile payment service providers in Qatar.
The solution provides a new and secure means for instant payment and instant money transfers via smartphones around the clock through digital wallets which are registered on the QMP system. It is also possible to transfer from the wallet to bank accounts and vice versa for the same customer who owns the wallet at his bank. This should reduce dealing with money notes (paper and coins) and the subsequent risks such as loss, damage, and others.
Registration can be through any payment services providers (Banks and Authorised PSP) participating in the system.
Notes:
The service is currently available by licensed service providers listed below. Each service provider works around the clock to develop and provide various services to customers according to the capabilities available at the current stage, and they will continue working hard to upgrade all services to achieve the best applicable customer experience.
Source and cover image credit: Qatar Central Bank
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