By Sindhu Hariharan / Entrepreneur Middle East - Image Credit: Qpal
UAE-based Qpal, a tech startup that has developed a mobile payments solution to enable quicker and cashless purchases at events, has emerged the winner of Visa's Everywhere Initiative in MENA- a global program by Visa to discover next generation payment tech. Qpal beat 12 other finalists selected from a total of 190 entrants to emerge as winners of Visa’s first-ever MENA edition of the Everywhere Initiative, and won a US$50,000 award- as winner of both the “Acceptance Challenge,” and the overall prize. Qpal also gets an opportunity to work at Visa’s Innovation Center in Dubai to refine their concept with the guidance of the VISA team.
Visa’s Everywhere Initiative is aimed at discovering the next big thing in payments tech across three business challenges. These include Acceptance challenge- enabling electronic payments and e-commerce solutions among small merchants, Airport Transit- transforming transit experience at airports, and Loyalty challenge- tech that helps build customer loyalty. Swvl, an Egypt-based shuttle service tech platform won the Airport Transit challenge and $25,000. Bebuzzd, another UAE-based startup, a consumer loyalty app, won the Loyalty challenge and a $25,000 award.