This component of the research explores how financial technology (FinTech) solutions affect the growth, operational efficiency, and financial behavior of small and medium enterprises (SMEs) in Qatar. SMEs are a foundational pillar of the national economy and play a central role in advancing the country’s diversification goals as outlined in Qatar National Vision 2030.

The study relies on field data gathered through structured surveys and interviews to examine how SMEs access, adopt, and benefit from digital financial services. These include digital payment systems, online lending, crowdfunding platforms, and alternative financing models.

Research findings reveal that FinTech adoption among SMEs in Qatar remains relatively modest, despite rising awareness of its potential. Field data indicates that nearly 40% of surveyed businesses had never used FinTech services, while those who had reported significant improvements in efficiency and faster payment cycles.

Key Findings:

• Limited access to digital financing tools, particularly for startups and micro-enterprises.

• Low levels of trust in certain digital platforms, often due to unclear legal frameworks or insufficient institutional support.

• Sectoral disparities in adoption levels: tech and service-based firms are more inclined toward FinTech than those in construction or traditional retail.

Research Recommendations:

• Develop digital financing platforms tailored to the specific needs of SMEs.

• Launch awareness and trust-building programs aimed at entrepreneurs.

• Encourage local banks to co-develop FinTech products aligned with domestic market demands.

• Review and update regulatory frameworks to facilitate integration between traditional finance and digital financial ecosystems.