Qatar-based fintech SkipCash has brought Qatar International Islamic Bank (QIIB) on board as a strategic investor, marking a new milestone for the mobile payments company.
According to a post by SkipCash executive director Mohammed Al-Delaimi, the partnership will support the company’s efforts to expand its payment infrastructure, strengthen its capabilities and pursue regional growth.
SkipCash offers consumers and merchants a digital payments platform built around proprietary QR codes, reducing reliance on cash, physical cards and point-of-sale devices. The app also supports linked card payments, spending reports, digital receipts and family accounts.
Al-Delaimi said QIIB’s involvement reflects confidence in SkipCash’s team and the role homegrown fintech companies can play in Qatar’s digital economy. The financial details and terms of the investment were not disclosed.
Source: LinkedIn
