The digital payment and banking technology provider, i2c recently announced its collaboration with KARTY, a Qatar-based fintech company providing customized digital financial solutions, for the launch of a digital-first prepaid wallet.
Supported by the Research Development Innovation Sector of Qatar Foundation, Qatar Financial Centre and Qatar Development Bank, KARTY aims to revolutionize the financial experience of users in the country.
The latest partnership with i2c will enable KARTY’s mobile wallet to provide Visa-branded digital cards and cashless P2P transactions on the Visa network. Moreover, the mobile wallet will include several financial management tools.
“We are proud to partner with KARTY as they work to enable digital-first payments in Qatar, while also providing added transparency and insights into their cardholder’s spending behaviors,” said Aurangzaib Khan, the General Manager for the MEA Region of i2c. “We look forward to partnering with this notable startup as they expand financial access through the region.”
According to the details shared by the company, KARTY is set to be regulated by the Qatar Central Bank Sandbox.
Middle East
The overall demand for digital financial tools in the Middle East has increased in the last few years. Qatar, one of the fastest-growing economies in the region, is home to some of the world’s biggest financial technology firms. Mohammed Suleiman, the Co-Founder of KARTY, believes that the partnership with i2c will provide modern payment solutions to users in a secure environment.
“i2c’s best-in-class payments platform allowed us to design an intuitive mobile wallet that works to simplify both budgeting and spending for residents in Qatar. We chose i2c as our issuer processing partner because of their global reputation for unparalleled reliability, best-in-class security and deep experience within the payments industry, all of which is especially important to us as a startup. We’re excited to bring our customers the modern payment solutions they want, all on a single platform through this partnership,” Suleiman said.
