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Tribune News Network
Doha
QPAY, a Qatari company offering made-in-Qatar electronic payment solutions to more than 10,000 local businesses, bagged two coveted titles at the Middle East Cards and Payments Awards, the region's premier industry benchmark for fintech services.
The homegrown company, which is the preferred fintech partner for several leading local and international banks and financial institutions, and premier solutions provider for the SME sector, has been named the"Banking Technology Leader" and the"Middle East's Leading Payment Enterprise" at the awards.
The titles were decided by votes from banking and payments industry peers, including senior banking executives, heads of financial technology companies and representatives of entities such as Visa and MasterCard.
"Establishing yourself as an influential figure in the financial services sector in today's tough markets is a big challenge, and we are proud of having received these two awards," said Nebil Ben Aissa, CEO & Founder QPAY International.
"These awards demonstrate that we have not only been able to get a foothold in such a challenging environment, but have also continued to stay ahead of the competition and set the benchmark for others to aspire to. It is a credit to the expertise and professionalism of our small but committed team to service local entities with innovative products and services to grow their business."
Led by a diverse management team following a unique business model, QPAY solutions have been used in Qatar, GCC and foreign markets since 2001. QPAY offers innovative services such as the QPAY Payroll Wages Protection System (WPS), a cloud-based solution to ensure employees get paid on time; the QPAY Point Of Sale (POS) solution, which is perfect for retailers, restaurants and service providers; the QPAY e-commerce portal, which helps SMEs securely accept credit cards online and sell products and services from their website or mobile app, and the QPAY salary cards that include their own IBAN numbers for employees, and can be used at ATMs, in-store and online.
"QPAY is fully aligned with the Qatar 2022 FIFA World Cup and the country's aspirations of the National Vision 2030 to diversify the economy," said the CEO."Such solutions also enable financial inclusion and privileges to low-wage immigrant laborers into the Qatari financial ecosystem."
Started in 2011, QPAY is now the largest fintech solution provider in Qatar, with high-profile partnerships with MasterCard, VISA, AMEX and Union Pay as well as the top five largest banks in Qatar.
Today, QPAY offers a suite of electronic payment solutions to more than 10,000 Qatari businesses and 200,000 consumers. QPAY's Fintech solutions and electronic payment offerings focus primarily on servicing Qatar's small and medium enterprises (SME), business markets, and low-wage labour markets.
