quora
webinr-icon

“A Fintech’s Path to Rapid Growth with 100% KYC/KYB Compliance” - 7th November

Register Here

Shufti Joins Forces with CWallet to Spearhead Financial Revolution in Qatar

image2

Initially Published on PR Log

London, UK – August 15, 2023 – Shufti, the leading identity verification (IDV) service provider, has joined forces with CWallet, an acclaimed FinTech startup in Qatar. This strategic partnership aims to enhance the digital financial journey for customers in the region, revolutionising their experience.

CWallet is a licensed Payment Service Provider by the Qatar Central Bank and one of the leading FinTech institutions in Qatar and the region, offering a wide range of innovative financial solutions for consumers and merchants. Their services range from a cutting-edge mobile money wallet, cross-border remittance, and seamless peer-to-peer transactions to versatile online and offline payment options.

Shufti stands at the forefront of the global stage, leading the way in revolutionising verification and compliance solutions. With an unwavering commitment to enhancing financial security and fostering trust, the company’s relentless pursuit of innovation sets it apart as a true industry trailblazer.

In a significant development, CWallet played a pivotal role in bringing Shufti to Qatar by facilitating its approval from Qatar Central Bank (QCB). This achievement underscores the commitment of both companies to empower Qatar with cutting-edge FinTech solutions. CWallet recognised Shufti’s IDV services for their accuracy, efficiency, and reliability, further solidifying the partnership’s foundation.

image1

“We are keen on working with Shufti on a long-term basis, including other territories that CWallet will be penetrating. We are confident that we can even bring more customers to Qatar. However, we need its support in hosting the solution locally,” said Mr. Michael Javier, Founder and CEO of CWallet.

Commenting on this partnership, Victor Fredung, CEO of Shufti, expressed his pleasure by saying, “At Shufti, our vision is to redefine global verification and compliance solutions. Our collaboration with CWallet, a like-minded company dedicated to advancing the future of payment, is a testament to our shared commitment to simplifying the customer experience.  This partnership opens up immense opportunities for residents and businesses in Qatar.”

About CWallet

CWallet is an award-winning Fintech Startup with basic principles of Payroll, Payment, and Remittance, allowing users to receive their salary on time, conduct online and offline transactions, and ultimately send money at any time, anywhere with any currency. The company is in line with the United Nations ESG (Environment, Social, and Governance) goals of supporting Financial Inclusion and Literacy by promoting a cashless society without leaving anyone behind.

About Shufti

Shufti is a market leader in building organisational trust through its identity verification services, including KYC, KYB, KYI, AML, biometric verification, e-IDV, and OCR solutions. The company aims to empower global businesses with its suite of 17 different IDV products, offering secure verification of 10,000+ ID documents in more than 150+ languages. Since its inception in 2017, Shufti has expanded to six international offices, helping businesses in 240+ countries and territories. 

For more information, please contact

Paul Keene
Snr. Digital Marketing Manager | Shufti
[email protected]
+44 020 3435 6498

Market Pro
Marketing Partner | Shufti
[email protected]

Related Posts

Press Release

Shufti and .MUSIC partner to authenticate music identities and protect global music community against AI impersonation

While critical work is being done to develop policies protecting artists and their NILV against d...

Shufti and .MUSIC partner to authenticate music identities and protect global music community against AI impersonation Read More

Press Release

Emerging Fintech Marketplace, Zoth, Integrates Shufti’s Robust KYC and KYB Services for Enhanced Security and Compliance

The finance industry is severely prone to fraud and theft, costing organizations billions of doll...

Emerging Fintech Marketplace, Zoth, Integrates Shufti’s Robust KYC and KYB Services for Enhanced Security and Compliance Read More

Press Release

AXIOMA Integrates Shufti’s AI-powered KYC and KYB Solutions for Secure Financial Services

He added, “By integrating Shufti’s innovative technology with our expertise and d...

AXIOMA Integrates Shufti’s AI-powered KYC and KYB Solutions for Secure Financial Services Read More

Press Release

SHUFTI COMMITS TO DATA PRIVACY AND TRANSPARENCY BY ACHIEVING QG-GDPR CERTIFICATION

According to a study by Forbes, global user data is worth $7.4 trillion, highlighting its incredi...

SHUFTI COMMITS TO DATA PRIVACY AND TRANSPARENCY BY ACHIEVING QG-GDPR CERTIFICATION Read More

Press Release

Shufti Presenting Webinar “Protecting our Youth: The Role of IDV in Ensuring Secure Gaming” – Providing Insights into the Risks Associated with Weaker KYC Systems

“Every year, millions of gamers fall victim to account takeovers and financial fraud attempts, a ...

Shufti Presenting Webinar “Protecting our Youth: The Role of IDV in Ensuring Secure Gaming” – Providing Insights into the Risks Associated with Weaker KYC Systems Read More

Press Release

SHUFTI INTRODUCES ENHANCED FACE VERIFICATION FORTIFYING BUSINESSES AGAINST DEEPFAKE FRAUD

Scammers are even becoming more sophisticated through the generative AI, making it easier for the...

SHUFTI INTRODUCES ENHANCED FACE VERIFICATION FORTIFYING BUSINESSES AGAINST DEEPFAKE FRAUD Read More

Press Release

Shufti’s Fraud Prevention Solution: A Powerful Tool Against Fraudulent Entities

Shufti’s state-of-the-art solution utilises machine learning and artificial intelligence solu...

Shufti’s Fraud Prevention Solution: A Powerful Tool Against Fraudulent Entities Read More

Press Release

Shufti’s Advanced Solutions for the Telecommunication Industry | Ensuring Swift and Accurate User Authentication

Telecom operators need to maintain regulatory compliance to prevent the misuse of their telecommu...

Shufti’s Advanced Solutions for the Telecommunication Industry | Ensuring Swift and Accurate User Authentication Read More

Press Release

Shufti and .MUSIC partner to authenticate music identities and protect global music community against AI impersonation

While critical work is being done to develop policies protecting artists and their NILV against d...

Shufti and .MUSIC partner to authenticate music identities and protect global music community against AI impersonation Read More

Press Release

Emerging Fintech Marketplace, Zoth, Integrates Shufti’s Robust KYC and KYB Services for Enhanced Security and Compliance

The finance industry is severely prone to fraud and theft, costing organizations billions of doll...

Emerging Fintech Marketplace, Zoth, Integrates Shufti’s Robust KYC and KYB Services for Enhanced Security and Compliance Read More

Press Release

AXIOMA Integrates Shufti’s AI-powered KYC and KYB Solutions for Secure Financial Services

He added, “By integrating Shufti’s innovative technology with our expertise and d...

AXIOMA Integrates Shufti’s AI-powered KYC and KYB Solutions for Secure Financial Services Read More

Press Release

SHUFTI COMMITS TO DATA PRIVACY AND TRANSPARENCY BY ACHIEVING QG-GDPR CERTIFICATION

According to a study by Forbes, global user data is worth $7.4 trillion, highlighting its incredi...

SHUFTI COMMITS TO DATA PRIVACY AND TRANSPARENCY BY ACHIEVING QG-GDPR CERTIFICATION Read More

Press Release

Shufti Presenting Webinar “Protecting our Youth: The Role of IDV in Ensuring Secure Gaming” – Providing Insights into the Risks Associated with Weaker KYC Systems

“Every year, millions of gamers fall victim to account takeovers and financial fraud attempts, a ...

Shufti Presenting Webinar “Protecting our Youth: The Role of IDV in Ensuring Secure Gaming” – Providing Insights into the Risks Associated with Weaker KYC Systems Read More

Press Release

SHUFTI INTRODUCES ENHANCED FACE VERIFICATION FORTIFYING BUSINESSES AGAINST DEEPFAKE FRAUD

Scammers are even becoming more sophisticated through the generative AI, making it easier for the...

SHUFTI INTRODUCES ENHANCED FACE VERIFICATION FORTIFYING BUSINESSES AGAINST DEEPFAKE FRAUD Read More

Press Release

Shufti’s Fraud Prevention Solution: A Powerful Tool Against Fraudulent Entities

Shufti’s state-of-the-art solution utilises machine learning and artificial intelligence solu...

Shufti’s Fraud Prevention Solution: A Powerful Tool Against Fraudulent Entities Read More

Press Release

Shufti’s Advanced Solutions for the Telecommunication Industry | Ensuring Swift and Accurate User Authentication

Telecom operators need to maintain regulatory compliance to prevent the misuse of their telecommu...

Shufti’s Advanced Solutions for the Telecommunication Industry | Ensuring Swift and Accurate User Authentication Read More

Take the next steps to better security.

Contact us

Get in touch with our experts. We'll help you find the perfect solution for your compliance and security needs.

Contact us

Request demo

Get free access to our platform and try our products today.

Get started