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Vodafone Qatar launches the iPay e-wallet

Monday 3 October 2022 11:16 CET | News

Vodafone Qatar’s Infinity Payment Solutions (IPS), a financial subsidiary of Vodafone, has rolled out iPay, one of Qatar’s first licensed e-wallet.

 

Licensed by Qatar Central Bank (QCB), iPay is a secure e-wallet developed by Infinity Payment Solutions, in strategic partnership with Commercial Bank of Qatar (CBQ), Gulf Exchange, and Paytm. iPay offers customers direct access to instant local transfers to all banks and wallets under the Qatar mobile payment network, as well as the international remittance and merchant payments.

Vodafone Qatar’s Infinity Payment Solutions (IPS), a financial subsidiary of Vodafone, has rolled out iPay, one of Qatar’s first licensed e-wallet.

Qatar aims for a cashless society

iPay is an operator agnostic wallet and is available for all consumers in Qatar, regardless of their telecom service provider. Customers can register through the iPay application, available to download on Apple and Google Play stores, in less than 60 seconds and conduct fast and secure local and international remittances with friends and family, instant merchant payments at their favourite outlets, and select utility payments services.

Vodafone Qatar’s officials said that their new iPay solution supports Qatar’s move towards a more digitised economy, as well as QCB’s vision of achieving a cashless economy by 2030. Vodafone has responded to the growing demand for accessible digital fintech solutions, a trend that was observed globally in 2020 and has continued to grow in significance since then. It is also part of the company’s wider digital transformation agenda for Qatar, aiming to support customers quickly and efficiently via self-service technologies.

Vodafone Qatar introduced BNPL

The company has partnered with Commercial Bank (CB) to offer its Buy Now, Pay Later instalment plan, enabling customers to purchase devices such as smartphones, mobile WiFi devices, and accessories and pay later in monthly instalments.

Customers who hold a CB credit card will be able to purchase the device of their choice with the option to pay back the credit card in monthly instalments over three, six, or 12 months. theycan avail the instalment plan at the Vodafone stores located in Doha Festival City, Villaggio, Landmark, City Center, Mall of Qatar, The Pearl, Furrousiya, Industrial Area, Wakra, LuLu D Ring, LuLu Gharaffa, and Kharatiyat.


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Keywords: digital wallet, digital payments, product launch, BNPL, remittance
Categories: Payments & Commerce
Companies: Infinity Payment Solutions, iPay, Vodafone
Countries: Qatar
This article is part of category

Payments & Commerce

Infinity Payment Solutions

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iPay

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Vodafone

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