FinTech sector in Qatar grows amid pandemic 24 Dec 2020 - 9:17 File photo used for representation only. Sachin Kumar/ The Peninsula The demand for cashless and contactless payment has significantly increased after the outbreak of COVID-19, which led to imposition of restrictions to limit the spread of coronavirus. The rising demand for contactless payment in Qatar has created opportunities for growth for the FinTech (a short form for Financial Technology) sector. “The pandemic has allowed FinTech payment propositions to flourish in the Qatari market, as the government officially promotes cashless transactions under the circumstances,” said a report released by The World Alliance of International Financial Centers. The report was compiled by experts at Qatar Financial Centre (QFC) and Luxembourg for Finance with the support of the WAIFC.