Qatar Central Bank Grants Express Sandbox Approval to Paywise (Dibsy), Supporting FinTech Growth
by The Qatar Central Bank (QCB) has granted Express Sandbox entry to Paywise LLC—better known by its consumer-facing brand, Dibsy. The company provides payment initiation services powered by Open Banking technology, marking a significant step forward for Qatar’s evolving FinTech landscape.
Announcing the move via the X platform, QCB highlighted that this approval aligns with the objectives of the Third Financial Sector Strategy, the national FinTech Strategy, and the broader efforts to modernize and regulate the country’s financial ecosystem.
This approval reflects QCB’s ongoing commitment to fostering innovation within the financial sector and driving forward the key pillars of its strategic vision.
However, it’s worth noting that while Express Sandbox participation allows Paywise to operate under certain regulatory conditions, it does not constitute full licensing. Instead, it designates the company as an “Authorized FinTech Express Sandbox Participant,” enabling it to conduct specific regulated activities under close oversight.
