OPAY International reduces POS transaction rates by 50 percent

Tuesday 24 March 2020 13:15 CET | News

QPAY International, a Qatar-based fintech company that provides services to local SMEs and low-income workers, has reduced its POS prices by 50%.

Because of the COVID-19 spread, the rates are being lowered in order to make it more affordable for Qatar-based SMEs to take digital payments instead of cash. QPAY’s decision to lower its POS transaction prices has come after recent directives from the ruler of Qatar.

QPAY offers a salary payment system, which allows companies to transfer salaries to workers in less than a minute. The fintech company also provides an integrated ebilling and ecommerce solution for businesses.

Additionally, QPAY offers an IBAN salary card that may be used to make withdrawals or transactions via ATMs, at physical store locations, and online.

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Keywords: coronavirus, Qatar, fintech, SMEs, QPAY International, POS, transactions , ATMs, digital payments, fintech
Categories: Banking & Fintech
Countries: Qatar
This article is part of category

Banking & Fintech

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