Global issuer processor enables suite of next-gen payment and budgeting solutions
REDWOOD CITY, Calif. – February 14, 2022 – i2c Inc., a leading provider of digital payment and banking technology, today announced its partnership with KARTY, a Qatar-based fintech providing tailored digital financial solutions to the MEA region, to launch a digital-first prepaid mobile wallet to the country.
Leveraging i2c’s global payments platform, Karty’s mobile wallet will provide Visa-branded digital cards, enabling instant, cashless P2P transactions on the Visa network. The mobile wallet will also feature data-backed financial management tools to empower users to master budgeting while gaining transparency into their spending habits across a range of categories (groceries, transportation, health care, and more). KARTY is set to be regulated by Qatar Central Bank Sandbox, once fully operational, and the company was the 2021 winner of the Qatar Science & Technology Park Accelerator (QSTP) program, among other accolades.
“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.”
“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,” said Mohammed Suleiman, Co-Founder of KARTY. “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.”
In addition to the QFTH and QSTP, KARTY is backed by the Research Development Innovation Sector of Qatar Foundation, Qatar Financial Centre and Qatar Development Bank.
About KARTY LLC
Karty is a financial technology startup that works to revolutionize daily financial experiences for their end-users by leveraging latest technology and transaction data to provide unprecedented insights into user spending habits to deliver a bespoke financial services experience. The product is fully digital, and features insights into spending habits, categorized budgeting, as well as peer-to-peer payments. The company placed first in the Qatar Science Technology Park Accelerator program, and is backed by Qatar Fintech Hub, Qatar Financial Centre and Qatar Development Bank. For more information visit: https://www.karty.qa/
About i2c Inc.
An award-winning global financial technology innovator powering credit, debit, prepaid, core banking, and money movement solutions, i2c unifies banking and payments in an all-in-one platform, transforming product personalization with a customer-centric architecture and accelerating speed-to-market with composable building-block solutions. Financial institutions and fintechs globally trust i2c to help them quickly and efficiently configure and scale differentiated financial offerings in an evolving, competitive market. Powered by innovation and driven by trust for more than 24 years, i2c blends modern ingenuity with expert reliability to supercharge exceptional banking and payments experiences for millions of users and billions of transactions worldwide.
For more information, visit i2cinc.com and follow us at @i2cinc.