iPay Systems Ltd., branded as iPay Bangladesh, was launched as a financial technology company with the mission to create a cashless society in Bangladesh. It obtained a license from the Bangladesh Bank to operate as a Payment Service Provider (PSP). The service allowed users to add money to a digital wallet via their bank accounts or cards and then use those funds for peer-to-peer (P2P) transfers, online shopping, utility bill payments, and mobile recharges through a smartphone application. However, its operations were halted by the regulator in 2019.

Founded in

Bangladesh