SkipCash, a mobile payment App in Qatar, successfully announces its short and medium-term plans.
The announcement of SkipCash plans and the successful journey was addressed to group of media representatives by Mohammed Al-Dulaimi, SkipCash Founder and Managing Director, in the company’s headquarters in Lusail.
In his presentation, Al-Delaimi also revealed that the company has partnered with over 250 brands in various sectors locally. The mobile application has seen exponential growth since its official launch in December 2020. It has more than 26,000 users with more than 9,000 successful payment transactions done.
Al-Delaimi, SkipCash Founder and Managing Director, said: "SkipCash is a national company with a global vision that contributes to Qatar's digital transformation and the financial technology sector. The application has been the ideal contactless secure payment solution during the pandemic. We have achieved tremendous growth in a short period; we thank all our partners and users for trusting us and look forward to continuing to strengthen our partnerships with them and offering our utmost support."
Al-Delaimi has also revealed SkipCash new partnerships with Capstone Real Estate. The partnership allows Capstone Real Estate clients to pay their monthly rent through the application and obtain many other benefits. In addition, the company has also partnered with Regency Travel, allowing customers to complete their bookings through SkipCash and Starlink, allowing customers to pay through the application for their purchases. All payments are completed securely and safely, without the need to visit any branch.
SkipCash is currently finalizing new partnerships with telecommunication companies. Moreover, SkipCash will have its dedicated loyalty program offering customers additional benefits and points and allowing them to leverage more from their purchases.
It is worth mentioning that SkipCash recently announced closing QAR 7 million (USD 1.92mn) seed round funding from private Qatari investors. The funding represented the second round of investments SkipCash received, following an awarded product development fund of QAR 700,000 in July 2020 from Qatar Science and Technology Park (QSTP), in recognition of its offerings that addresses a key market need in the local economy.
SkipCash is a mobile payment app that has proven its position within the local fintech sector as a licensed firm by the Qatar Financial Centre (QFC) and regulated by the Qatar Central Bank (QCB). It provides consumers and merchants with a convenient and enjoyable payment experience. Using QR codes, the app facilitates secure digital payment by eliminating cash, physical cards, and point-of-sale (POS) devices.
Users can securely add their credit card to the app, monitor their spending via visual spending reports, organize their payment receipts, and enable virtual accounts for their children and other family members. It also gives them access to vouchers and coupons from different merchants.
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