QPAY LAUNCHES MAJOR BLOCKCHAIN INNOVATION
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.”