iPay
iPay is a Doha, Qatar-based private fintech operating a mobile app for local transfers, international remittances, merchant and utility payments, alongside an online consumer banking portal serving retail customers in Qatar.
- Company typePrivate
- Founded-
- HeadquartersDoha, Qatar
- Headcount1,001–5,000
- GTM typeB2C
- OfferingServices
iPay firmographics
Firmographics- Name
- iPay
- Website
- https://ipay.qa
- Company type
- Private
- Headcount range
- 1,001–5,000 employees
- Short description
- iPay is a Doha, Qatar-based private fintech operating a mobile app for local transfers, international remittances, merchant and utility payments, alongside an online consumer banking portal serving retail customers in Qatar.
- Ownership category
- akta.pro rank
iPay industry classification
Industry- Product category
- Mobile Payments
- akta.pro primary industry
- Multi-Currency Accounts, Wallets & IBAN Services (FSAMAIAG)
Keywords
Where iPay is headquartered
LocationHeadquarters
- HQ city
- Doha
- HQ country
- Qatar
- HQ region
- Middle East
Markets served
iPay business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
iPay product offering
Product offeringCore offering
iPay provides a mobile app and online consumer portal that lets individual users in Qatar initiate local money transfers, send international remittances, and pay merchants and utility providers digitally. The offering consolidates domestic transfers, cross-border remittances, and everyday bill payments into a single consumer-facing digital banking platform.
Differentiator
Problem solved
Functional benefit
Products and services
- iPay Consumer An online and mobile consumer banking portal that allows individual customers in Qatar to access and manage digital banking services, including local money transfers, international remittances, and merchant and utility bill payments.
Companies that use iPay
Customer profileIdeal customer profiles1 record
iPay technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
iPay competitors and assessment
Company assessmentEmerging players
- Remitly: Digital-first remittance app focused on corridors from the Gulf and US to emerging markets; competes with iPay on app-based international transfers targeting the same expat population in Qatar.
- WorldRemit: Digital remittance and mobile money operator serving migrant corridors; comparable to iPay's remittance and consumer payment offering through a mobile-first platform.
Direct peers
- Western Union: Largest global remittance network with strong Qatar agent footprint; competes head-on with iPay on cross-border money transfers to South Asia, Southeast Asia, and other GCC corridors.
- MoneyGram: Global cross-border P2P payments company with presence in Qatar; overlaps directly with iPay on international remittances and consumer money transfer.
- Wise (TransferWise): Global digital remittance and multi-currency account provider; competes directly with iPay on international remittances from Qatar and adjacent corridors, often at lower disclosed fees.
- Ooredoo Money: Mobile money/wallet service from Qatar's dominant telco, offering peer-to-peer transfers, bill payments, and merchant payments in the same Doha market as iPay, with similar product scope and customer base.
- Vodafone Qatar (Money services): Qatar telco offering mobile money/bill-payment services within Doha; competes with iPay on local transfers, merchant, and utility payments using its telecom subscriber base.
Regional players
- Al Rayan Bank: Qatar-based Islamic bank with a digital banking platform serving retail customers in Qatar; competes with iPay on online consumer banking and bill-payment functionality from an established banking position.
Broad incumbents
- QNB (Qatar National Bank): Largest bank in Qatar and the wider Middle East; offers digital banking, transfers, and merchant payment services directly competing with iPay's consumer banking portal and remittance products from a balance-sheet-led position.
- PayPal: Global digital payments platform with growing GCC relevance; an adjacent incumbent competing with iPay for cross-border consumer payments and merchant acceptance.
Market position
Customer concentration
iPay social profiles
Digital presenceiPay financial estimates
Financial estimateRevenue estimate
Valuation estimate
iPay leadership team
Management profileNumber of profiles
iPay funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
iPay M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about iPay
What does iPay do?
iPay provides a mobile app and online consumer portal that lets individual users in Qatar initiate local money transfers, send international remittances, and pay merchants and utility providers digitally. The offering consolidates domestic transfers, cross-border remittances, and everyday bill payments into a single consumer-facing digital banking platform.
When was iPay founded?
iPay was founded in -1. It employs 1,001 to 5,000 people.
Where is iPay based?
iPay is headquartered in Doha, Qatar, in the Middle East region.
Who are iPay's main competitors?
Emerging players on record are Remitly and WorldRemit. Direct peers are Western Union, MoneyGram, Wise (TransferWise), Ooredoo Money and Vodafone Qatar (Money services). Al Rayan Bank is listed as a regional player. Broad incumbents are QNB (Qatar National Bank) and PayPal.
Does iPay have an API?
No public API is recorded for iPay.
What industry is iPay in?
iPay's product category is Mobile Payments. Its primary akta.pro industry code is FSAMAIAG, Multi-Currency Accounts, Wallets & IBAN Services.