DOHA: QPAY, a Qatari company offering Made-In-Qatar electronic payment solutions for banks and MasterCard, have partnered to introduce Qatar’s first Wage Protection System (WPS) salary card platform which complies with the Qatar Central Bank WPS payment regulations regarding low-wage immigrant labourers residing in Qatar.
QPAY brings to the market the lowest cost and most advanced WPS IBAN platform in the GCC region. QPAY solutions have been used in Qatar, GCC and foreign markets since 2001, and are offered to banks and financial institutions as white-labeled products with tremendous revenue share opportunities.
The QPAY secure cloud-based WPS IBAN platform is built for white-label or private label to banks, financial institutions, retailers and telecom organisations.
Designed to help corporate clients comply with the latest labor payment laws by the Qatar Central Bank (QCB) and the Qatar Ministry of Labor & Social Services (QMLSS).
“We have chosen MasterCard as our partner, thanks to its global market reach, and because it offers us the ability to design a local Qatari product that promotes laborer financial inclusion in Qatar as well as their home country. Labourer financial inclusion is very important to the Qatar Central Bank and QPAY; as a result, our partnership with MasterCard enables us to offer the best and most innovative product, for the lowest cost while maintaining full compliance with Qatari Government laws.,” said Nebil Ben Aissa, CEO & Founder QPAY International.
“Our partnership with MasterCard helped us design a WPS solution which defends the laborers’ human rights and forces employers to pay labourers on time and in full, while promoting safe and secure electronic pay which aligns with Qatar’s 2030 e-vision,” he added.
Raghav Prasad, General Manager for Gulf Countries, MasterCard said: “We are excited to be collaborating with QPAY on the new salary cards. At MasterCard, we strongly believe financial inclusion is the foundation for economic growth that’s more inclusive, equitable, and sustainable.”
The Peninsula
DOHA: QPAY, a Qatari company offering Made-In-Qatar electronic payment solutions for banks and MasterCard, have partnered to introduce Qatar’s first Wage Protection System (WPS) salary card platform which complies with the Qatar Central Bank WPS payment regulations regarding low-wage immigrant labourers residing in Qatar.
QPAY brings to the market the lowest cost and most advanced WPS IBAN platform in the GCC region. QPAY solutions have been used in Qatar, GCC and foreign markets since 2001, and are offered to banks and financial institutions as white-labeled products with tremendous revenue share opportunities.
The QPAY secure cloud-based WPS IBAN platform is built for white-label or private label to banks, financial institutions, retailers and telecom organisations.
Designed to help corporate clients comply with the latest labor payment laws by the Qatar Central Bank (QCB) and the Qatar Ministry of Labor & Social Services (QMLSS).
“We have chosen MasterCard as our partner, thanks to its global market reach, and because it offers us the ability to design a local Qatari product that promotes laborer financial inclusion in Qatar as well as their home country. Labourer financial inclusion is very important to the Qatar Central Bank and QPAY; as a result, our partnership with MasterCard enables us to offer the best and most innovative product, for the lowest cost while maintaining full compliance with Qatari Government laws.,” said Nebil Ben Aissa, CEO & Founder QPAY International.
“Our partnership with MasterCard helped us design a WPS solution which defends the laborers’ human rights and forces employers to pay labourers on time and in full, while promoting safe and secure electronic pay which aligns with Qatar’s 2030 e-vision,” he added.
Raghav Prasad, General Manager for Gulf Countries, MasterCard said: “We are excited to be collaborating with QPAY on the new salary cards. At MasterCard, we strongly believe financial inclusion is the foundation for economic growth that’s more inclusive, equitable, and sustainable.”
The Peninsula
