Microsoft Qatar is teaming up with FinTech startup CWallet to offer end-users more secure payments as well as increased security and improved scalability, according to a Monday (June 27) press release published on Zawya.
CWallet Founder and CEO Michael Javier signed an agreement with Microsoft Qatar General Manager Lana Khalaf to migrate CWallet’s entire technology stack to Microsoft Azure, the release stated.
“At CWallet, security, compliance and data privacy are key priorities — as they are at all other FinTech organizations,” Javier said in the release. “By partnering with Microsoft and migrating our technology stack to Azure, we can ensure that our organization runs on the most trusted, scalable and robust cloud platform in Qatar. Azure also allows us to build, deploy and manage apps without buying or maintaining the underlying infrastructure. This partnership will enable us to deliver the highest end-user experience to our B2B and B2C customers.”
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The deal gives CWallet access to numerous Microsoft products, including Azure Machine Learning, Cosmos DB, Power BI, Kubernetes, Application Insights and others, according to the release.
Microsoft is planning to launch a Cloud Datacenter Region in Qatar, which will deliver enterprise-grade cloud services for developers and businesses, the release stated.
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“Qatar has prioritized the growth of its startup ecosystem as the country pursues its vision to become a sustainable innovation hub,” said Jamal Bdeir, small and medium business lead for the Microsoft Middle East Cluster, in the release. “…This partnership will enable us to contribute to the transformation of the financial services industry through integrated cloud resources that meet the security and compliance needs of CWallet’s customers.”
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