QCB grants licence to fifth company to provide electronic payment services

Tribune News Network

Doha

Noqoody Payment Services Company has been granted QCB licence to provide electronic payment services, bringing the number of companies licensed by the Qatar Central Bank (QCB) in the financial technology sector (Fintech) to 5.

Noqoody Payment Services Company is a Qatari company specialising in operating as a local online payment services provider that supports online payment gateway and serves as an electronic alternative to traditional paper methods like chequesand money orders.

Noqoody operates as a payment processor and aggregator for online vendors, auction sites and other commercial users. It enables local e-commerce transactions by making payments possible across Qatar.