CWallet partners with Visa to expand payment solutions

Fintech startup CWallet Services and Visa have forged a strategic partnership, which will see the two companies work to expand their product offerings.
CWallet is a financial technology company that develops and delivers online, mobile and point-of-sale solutions across Qatar and the region, providing digital wallet, marketplace, payment gateway and prepaid cards to consumers banked and unbanked, as well as online merchants. and offline merchants.
Under the agreement, CWallet will issue prepaid cards to its customers and provide a payment gateway for online and offline merchants. CPay, a product of CWallet for acquiring services, will be offered to local CWallet merchants. The move expands CWallet’s current digital wallet, marketplace, payment gateway, and prepaid card offerings.
“This is a huge vote of confidence in CWallet as it seeks to go far beyond the concept of a digital wallet. With the power of the global Visa payments brand in our payment processing portfolio, we offer a added degree of reassurance to our growing customer base, many of whom are now accessing digital payment solutions directly through the CWallet app for the first time. This helps us pursue our goal of providing financial inclusion and literacy in a digital and cashless society without leaving anyone behind,” said Michael Javier, CEO and Founder of Doha-based CWallet.
Visa will also advise CWallet on its future relationships with financial institutions and support fintech innovators with system functionality enhancements, onboarding and new market launches.
Dr. Abdulmohsin Abdulla al-Yafei, COO and Co-Founder of CWallet, said, “It is a golden opportunity to partner with Visa. This strategic partnership with Visa will help us achieve our goal of becoming one of the leading fintech startups in the region. We are confident that we will have steady and flourishing growth in the years to come.
Alex McCrea, Vice President and Head of Digital and Enterprise Partnerships CEMEA at Visa, said, “Visa is committed to extending the benefits of digital commerce and payments to more consumers and businesses. With partners like CWallet, our goal is to enable businesses to access our payment solutions and network so they can deliver the innovative and secure money movement experiences that consumers are increasingly seeking. This partnership with CWallet is an important step towards achieving this goal. We are delighted to partner with them and support their mission to promote financial inclusion and cashless society in Qatar and the wider region.

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