Qatari financial management and digital payments app Karty is set to launch in the Middle East and Africa (MEA) region. The unified app, which leverages transaction data to provide insights into users’ spending habits, allows users to spend, save and manage their money. Users can add their cards to the app’s card aggregator and analyze their monthly spending, assign budgets, and pay friends and family instantly. The Karty wallet is accepted worldwide, and users can pay for goods with the Karty card or by using their smartphone’s contactless technology. Karty partnered with California’s i2c Partners to create its digital-first prepaid Visa wallet. Leveraging i2c’s global payments platform, Karty’s mobile wallet will provide Visa-branded digital cards, enabling instant, cashless P2P transactions on the Visa network.
Qatar’s citizens and residents struggle to analyze monthly spending, assign budgets, experience lengthy processes while paying friends and family, and often open multiple bank accounts or cards to get the best service. Karty, a lifestyle solution that offers a unified experience while complementing basic banking products (Current accounts, Debit & Credit Cards). Offering a fully digital solution to control transactions, with budgeting options, to track spending.