QPAY LAUNCHES MA­JOR BLOCKCHAIN IN­NO­VA­TION

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QPAY, Qatar's largest FINTECH com­pany of­fer­ing Made-In- Qatar elec­tronic pay­ment so­lu­tions, launched a ma­jor blockchain e-com­merce ini­tia­tive based on the Ethereum blockchain plat­form.

In part­ner­ship with Nexxo Net­work LLC - USA, QPAY un­veiled QPAY- SE­CURE, a suite of blockchain-based De­cen­tralised Ap­pli­ca­tions (D'APPS) and Ap­pli­ca­tion Pro­gram­ming In­ter­faces (APIs). The com­pany has started its first test on the Ethereum Test Net­work.

“Im­ple­ment­ing a blockchain-based pay­ments plat­form is crit­i­cal to our con­sumer and com­mer­cial clients. It is a clear sig­nal from us that cus­tomer in­for­ma­tion is be­ing han­dled se­curely and with trust,” said Ne­bil Ben Aissa, founder and CEO of QPAY.

He added: “Fur­ther­more, although QPAY is com­pli­ant with the lat­est in­dus­try se­cu­rity stan­dards such as Pay­ment Card In­dus­try Data Se­cu­rity Stan­dard (PCI DSS 3.22), we are still mov­ing for­ward with blockchain se­cu­rity as we be­lieve that adding blockchain to our trans­ac­tion plat­form will en­hance our se­cu­rity when com­pared with stan­dard SSL e-com­merce trans­ac­tion se­cu­rity.”

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