Qatar Mobile Payments Market: Consumer Preferences, Security Enhancements & Growth Outlook

According to IMARC Group's latest research publication, Qatar mobile payments market size was valued at USD 6,296.06 Million in 2025 and is projected to reach USD 23,419.76 Million by 2034, growing at a compound annual growth rate of 15.72% from 2026-2034.

How AI is Reshaping the Future of Qatar Mobile Payments Market:

• AI boosts fraud detection in real-time for mobile wallets and apps, making transactions super secure while Qatar's banks lead with high adoption rates—90% of CEOs have embraced generative AI recently, outpacing global averages for safer digital payments.
• Personalized experiences powered by AI analyze user habits to offer tailored recommendations and seamless payment flows in apps like AlRayan Go, driving higher engagement in Qatar's growing digital wallets with over 1.2 million registered users.
• Through the Qatar Fintech Strategy 2023 and Qatar Central Bank's AI Guidelines, government schemes encourage AI integration to speed up innovations like instant payments via Fawran, which handles millions of transactions smoothly and pushes toward a cashless economy.

Get In-Depth 2026 Industry Insights & Projections

Qatar Mobile Payments Market Trends & Drivers:

The high smartphone penetration, along with a world-leading internet ecosystem, has transformed Qatar's mobile payments landscape by enabling digital wallets and contactless payments in both urban environments and day-to-day life. The young and tech-savvy population has been driving up the adoption of mobile-first services for shopping, bill payments and person-to-person payments, with high levels of adoption for the country's instant payment services. These trends are expected to continue as consumers' needs for convenience, speed, and security in everyday financial transactions shift away from customary channels and toward mobile solutions, leading to the proliferation of localized fintech platforms.

The government is the main proponent of the mobile payments market in the state of Qatar, as a tool for the greater digitization and moving toward a cashless society. For example, the Qatar Central Bank is working to improve the payment infrastructure, to increase innovation, and to promote interoperability. Other advancements, including unified QR codes and real-time transfer systems, lower the barrier to entry and create confidence. Additionally, policies such as financial inclusion efforts that include mobile payments to foreigners and unbanked populations, create a strong longer-term trend for mobile payments.

The demand for mobile payment within and between consumers and merchants is on the rise, and is driven by contactless payment, ease of payment, and the growth of e-commerce and change in consumer lifestyle. In addition, mobile payments give merchants easier acceptance methods, less friction during purchase and wider acceptance. As interoperability increases, and built-in security features such as biometrics increase trust, mobile payment systems are expected to become the preferred option for everyday transactions and regular high-value purchases across Qatar's more efficient, inclusive, and tech-driven financial ecosystem.

Qatar Mobile Payments Industry Segmentation:

The report has segmented the market into the following categories:

Payment Type Insights:

• Proximity Payment
• Near Field Communication (NFC)
• Quick Response (QR) Code
• Remote Payment
• Internet Payments
• Direct Operator Billing
• Digital Wallet
• SMS Payments

Application Insights:

• Entertainment
• Energy and Utilities
• Healthcare
• Retail
• Hospitality and Transportation
• Others

Regional Insights:

• Ad Dawhah
• Al Rayyan
• Al Wakrah
• Others

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Recent News and Developments in Qatar Mobile Payments Market

• May 2025: Qatar Mobile Payment (QMP) introduces multiple wallets per mobile number, allowing users to link two digital wallets to one phone for greater flexibility in managing personal and business transactions.
• February 2025: QNB activates UPI merchant acceptance as the first bank in Qatar, enabling seamless payments for Indian residents and visitors and boosting weekend spend by 14% at QNB-acquired merchants in Doha malls.
• May 2025: Fawran instant payment service reaches 5.5 million transactions, accelerating account-to-account transfers via proxy-ID (mobile number) and reducing processing times from hours to seconds for enhanced user convenience.
• 2025: Contactless payments dominate in-store transactions, accounting for 96% of digital payments, driven by widespread adoption of mobile wallets like Apple Pay, Google Pay, and local solutions such as Himyan and SkipCash.
• August 2025: QNB launches commercial unified digital wallet integration using Mastercard Gateway, enabling hosted checkout merchants to accept various digital wallets without additional development costs or time.

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