03-10-2022
“Infinity Payment Solutions”, an independent financial entity wholly owned by Vodafone Qatar, announced the launch of iPay, the first licensed e-wallet in Qatar.
It is worth mentioning that iPay, licensed by the Qatar Central Bank, is the first secure wallet developed by Infinity Payment Solutions in a strategic partnership with Commercial Bank, Gulf Exchange and Paytm. iPay offers customers the possibility of instant local transfer of funds to all bank accounts and e-wallets through the Qatar mobile payment system, as well as sending money internationally, and making purchases at stores.
iPay is a neutral wallet, available to all consumers in Qatar, regardless of their telecom service provider. Customers can sign up with the iPay app, available for download on the Apple and Google Play stores, in less than 60 seconds, send money to friends and family locally, and anywhere in the world, in a fast and secure way, and pay for in-store purchases. They also have the ability to choose other payment services.
Diego Camberos, Chief Operating Officer, Vodafone Qatar, commented: “Our new iPay solution supports Qatar’s digital transformation plan, as well as the Qatar Central Bank’s vision of building a cashless economy by 2030. Vodafone has responded to the growing demand for affordable digital solutions. Direct payment services, a global trend since 2020, has continued to gain more importance since then. The application is also part of our agenda to promote Qatar’s broader digital transformation, with the aim of supporting customers quickly and efficiently through advanced self-service technologies.”