Qatar's digital payment surges 40% to over QR100bn
<p>Doha, Qatar: Qatar’s financial technology sector recorded unprecedented growth in July 2026, driven by a sharp rise in digital account-to-account transfers, rapid adoption of instant payment systems, and steady expansion in point-of-sale transactions.</p> <p>According to official statistics released yesterday by the Qatar Central Bank (QCB), the total value of electronic payment system…
Doha, Qatar - Qatar's digital payment sector experienced a remarkable 40% surge in July 2026, reaching over QR100 billion in total value. According to the Qatar Central Bank, electronic payment transactions grew to QR106.814 billion, up from QR76.051 billion a year prior. The Tahweel system, responsible for direct account-to-account transfers, saw the largest increase, with transfers jumping 63% to QR77.051 billion and transaction volumes rising 170% to 4.233 million.
Instant payment platforms also performed strongly, with Fawran transactions doubling to QR6.802 billion and transaction volumes increasing 108% to 3.888 million. Mobile wallets saw a 67% rise in transaction value to QR461.664 million, while card-based payments generated QR22.499 billion across 63.459 million transactions. Overall, digital commerce activity grew to 11.818 million transactions, slightly increasing the value of digital transactions to QR4.215 billion.
Notably, cash usage declined sharply, with ATM transaction volumes decreasing to 5.179 million and total withdrawal values falling to QR10.023 billion. The acceleration across digital payment systems reflects Qatar's ongoing transition towards a cashless financial ecosystem.
Written by urgent.news from The Peninsula Qatar Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
