Qatari banks could be ‘pioneers’ of state-of-the-art payment system

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Qatari banks could play the role of pioneers for a world-class, anti-fraud and super-fast global payments system fit for the next century, if they seize the opportunity offered by a UK-based fintech company.

DigiDoe launched operations in Doha this week and is targeting banks in the Middle East as part of its plan to revolutionize the world’s outdated payments infrastructure.

Built from the ground up, DigiDoe’s patented multi-factor anti-money laundering (AML) and biometric-based fraud prevention solution provides a secure, bespoke, AI-powered platform for financial institutions and central bank digital currencies (CBDCs).

Tony Hajjar, newly appointed Head of Operations of DigiDoe, Qatar, said: “DigiDoe has created a unique all-in-one pioneering next-generation solution and can now offer its proprietary, innovative and fully integrated technology to forward-thinking banks here in the Middle East.

“I think we have the answer to the question many central and commercial banks are asking: how do we deliver a world-class payment system fit for the next century?

“If Qatari banks want to lead the way, at the forefront of the new, faster and more secure global payment infrastructure, they should contact us.”

Hajjar has over 20 years of experience in project management and business development in Doha and the region.

DigiDoe has put the world’s central and commercial banks firmly in its sights, after receiving crucial international security certification for its innovative proprietary anti-money laundering (AML) and fraud prevention solution.

Pavel Guzminov, Founder and CEO of DigiDoesaid: “Our mission in Qatar is to support and develop the growth of Qatar’s economy.

“We are privileged to have Tony Hajjar on board. Tony will strengthen our presence in Qatar, building key business relationships, strengthening our cooperation with the local regulator and engaging directly with banks.

“Now is the time for a major digital transformation of the payment infrastructure in the region and if the opportunity is seized, Qatar can be seen as a frontrunner for the rest of the world.”

London-based DigiDoe recently unveiled its lightning-fast Banking as a Service (BaaS) solution.

The new BaaS service uses DigiDoe’s patented technology and comes with built-in proprietary anti-money laundering (AML) and fraud prevention systems. It offers enterprise and corporate client integration, transaction tracking, as well as domestic and cross-border payments in multiple currencies through a single API.

Global sales of BaaS solutions are expected to reach $3 billion in 2022 with growth to $12.2 billion by 2031.

DigiDoe is authorized by the UK’s Financial Conduct Authority as an electronic money institution and last month received ISO27001 certification, recognized worldwide as confirmation of best practice in information security.

-Ends-

For more information, please contact:
Tim Reid
DigiDoe Public Relations and Media Office
Email: [email protected]

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