iPay Bangladesh.

iPay Systems Limited is a pioneering fintech company in Bangladesh, notable for being the country's first digital wallet to receive a Payment Service Provider (PSP) license from Bangladesh Bank. Founded in 2015 by Zakaria Swapan, the platform officially launched in March 2018 with the ambitious goal of driving a "cashless society." Since its inception, it has served over a million registered users, allowing them to manage their finances directly from their smartphones by linking to a wide network of over 50 commercial banks. The ecosystem is built around a secure digital wallet that facilitates a broad range of daily financial tasks. Users can instantly send and request money, top up mobile credit for all major Bangladeshi operators, and pay utility bills for services like DESCO and DPDC. One of iPay's standout features was the introduction of QR-code-based payments in Bangladesh, enabling shoppers to make purchases at thousands of merchant outlets—from small neighborhood shops to large restaurants—without needing physical cash or cards. For business owners, iPay provides a comprehensive suite of tools designed to modernize collection and disbursement processes. Merchants can integrate the iPay checkout into their websites, utilize static or dynamic QR codes for in-store payments, and manage bulk payouts to employees or suppliers.The platform emphasizes transparency and low operational costs, often offering free sign-ups and zero-fee transactions for personal users while maintaining a flat, regulated fee structure for business collections. Security and regulatory compliance are the cornerstones of the brand's operations. As a licensed entity, iPay ensures that customer funds are held in segregated trust accounts at scheduled banks, separate from the company's operating capital. The platform employs multi-layered security measures, including two-factor authentication, biometric controls, and 24/7 fraud monitoring. By adhering to strict "Know Your Customer" (KYC)