i2c Inc., a provider of electronic payment and banking solutions, has announced a partnership with Qatar-based fintech KARTY to launch a digital-first prepaid mobile wallet in the country.
KARTY will be regulated by the Qatar Central Bank once it is fully operational, thanks to its Sandbox technology, which separates running programs from malware.
KARTY will issue Visa-branded digital cards using i2c’s worldwide payments technology, allowing for rapid and cashless peer-to-peer (P2P) transactions on the Visa network.
Data-driven financial management capabilities will be included in the mobile wallet to assist customers master budgeting and gain visibility into their spending habits across a range of areas (groceries, transportation, health care, and more).
“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, General Manager – MEA Region of i2c. “We look forward to partnering with this notable startup as they expand financial access through the region.”
Co-Founder KARTY, Mohammed Suleiman said on the occasion, “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”.
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