CWallet has Granted the QCB PSP Licence Relying on Shufti Pro IDV Technology

LONDON - Aug. 31, 2023 - PRLog -- Shufti Pro, an award-winning KYC service provider, recently obtained a licence from the Qatar Central Bank to provide identity verification services in Qatar.  This milestone was achieved in collaboration with one of the growing fintech startups CWallet.

Businesses in the MENA region have some of the most stringent KYC/AML compliance requirements, especially when it comes to utilising third-party vendors for customer verification. But with Qatar Central Bank solidifying Shufti Pro's position as a trusted entity for KYC & AML screening solutions, businesses operating in Qatar would not have to go through additional security procedures to integrate a KYC service provider.

Shufti Pro, a dynamic brand with a vision to replace outdated identity verification processes with efficient and user-friendly solutions, was keen on contributing to the Qatar National Vision 2030, aligning its goals with the country's ambitious vision for the future.

The landmark approval marks yet another significant achievement for Shufti Pro as it expands its footprint in the MENA region. The ability to verify documents in complex arabic language and flexible integration options along with swift user experience from integration to end-user verification, are some of the reasons behind exceptional growth of the brand in the MENA region.

"We are honoured to have received this licence from Qatar Central Bank, which is a testament to our relentless efforts in providing top-tier KYC services," said Victor Fredung, CEO of Shufti Pro. "This is a momentous achievement as we continue to expand our presence in the MENA region, empowering businesses with secure and compliant identity verification services."

Shufti Pro's unwavering commitment to innovation, security, and compliance makes it the preferred choice in the IDV industry. The company recently launched a Risk Assessment Service and upgraded its KYC service to guarantee a 100% increase in onboarding rate for businesses with unbeatable security.

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 and conduct online and offline transactions.

About Shufti Pro

Shufti Pro is a market leader in building organisational trust through its identity verification services, including KYC (https://shuftipro.com/identity-verification/), 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 Pro has expanded to six international offices, helping businesses in 240+ countries and territories.

For more information, please contact

Market Pro
Marketing Partner | Shufti Pro
Shuftipromedia@marketpro.ai