i2c and Grupo Popular partner to launch Dominican Republic’s first neobank, Qik
By Edlyn Cardoza
i2c Inc., one of the leading digital payment and banking technology providers, announced its partnership with Grupo Popular, the largest financial group in the Dominican Republic, to launch Qik Banco Digital Dominicano, S.A. – Banco Múltiple, its new neobank subsidiary.
“We are thrilled to be working with the Dominican Republic’s leading financial group to bring innovative digital banking solutions to its people,” said i2c’s Founder and CEO, Amir Wain. “By operating on our secure, highly-configurable platform, Qik will offer consumers access to an intuitive end-to-end payments experience with unmatched reliability and speed to market.”
By leveraging i2c’s agile banking and payments platform, Qik will offer both physical and virtual Mastercard consumer credit cards, securely enabling contactless and digital payments. With the branchless business model, users will be instantly issued virtual cards via the neobank’s mobile app. The app will also offer consumers a personal finance management system designed to provide insights and recommendations to improve financial habits and credit history.
Qik Banco Digital expects to have more than 10,000 accounts within its first few months and plans to rapidly expand its portfolio of products to include checking and savings accounts, personal loans, and investments. Qik is the latest to join a growing network of Latin American visionaries that trust i2c to help bring their product visions to market.
“We want to revolutionize the national financial system, transforming and personalizing the digital experience of banking services in the country. This neobank is designed for those people who want a different banking relationship, exclusively through their mobile, with more flexibility and benefits by delivering an intuitive and personalized digital-first payment experiences. With Qik we bring global trends to the national banking industry,” said Arturo Grullón Finet, general manager and CEO of Qik Banco Digital Dominicano.
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