About iPay

Bangladesh's first non-bank wallet, built for a cashless society.

iPay Systems Ltd is a fintech company founded by Mr. Zakaria Swapan in 2015. The goal of the company is to become a pioneer in the fin-tech industry that not only simplifies life but also introduces a whole new dimension of the cashless society in Bangladesh.

Founded
2015
Founded
Commercial launch
March 2018
Commercial launch
App downloads
1M+
App downloads
Businesses onboarded
3,500+
Businesses onboarded
Our history

A laborious fruit, ripened over years.

With a need for a payment service provider in a populous country like Bangladesh, iPay sought out a solution for an issue that reaches a large mass — making large payments to various channels, collecting payments, tracking transactions and keeping finances organized.

iPay covers all these aspects of finances, whether it concerns individual needs or business demands. With efforts starting in 2015 and several testing phases along the way, iPay commercially launched in March 2018 — successfully running with more than 1 million downloads, and onboarding more than 3,500 credible businesses within a short span of time.

  1. 2015

    iPay is founded

    Mr. Zakaria Swapan founds iPay Systems Ltd. with the goal of pioneering fin-tech in Bangladesh and introducing a whole new dimension of the cashless society.

  2. 2015 — 2018

    Built, tested, refined

    Several testing phases shape a payment service that covers individual needs and business demands alike — from large payments and collections to tracking and organising finances.

  3. March 2018

    Commercial launch

    iPay launches commercially and quickly grows past 1 million downloads, onboarding more than 3,500 credible businesses within a short span of time.

  4. Today

    First licensed PSP

    iPay is the first Payment Service Provider in Bangladesh licensed by Bangladesh Bank, enabling digital payments across the country.

What iPay does

Services for people, services for their businesses.

iPay provides services that cater to both people individually and to their businesses. It serves people and society to stop leaning on cash transactions and rather transact digitally — securely and seamlessly.

  • Add or withdraw money
  • Send or receive money
  • Bill payment
  • In-store payment
  • Mobile top-up & recharge
  • QR code payments — a first in Bangladesh
What drives us

A mission of cashless. A vision of seamless.

Mission

Drive a fraud-free cashless society.

Our mission is to drive a cashless society where one can carry out transactions in a completely fraud free domain that is cashless, secure and seamless. iPay has taken up the challenge and pledge to transform Bangladesh towards a complete Cashless Society.

Vision

A revolutionary change in payment experience.

iPay will bring a revolutionary change in payment experience by developing a secured payment platform and providing smooth payment services for individuals and businesses. iPay has a solid investment portfolio to build, operate and scale the network for Bangladesh and international market.

Become a pioneer in the fin-tech industry that not only simplifies life, but introduces a whole new dimension of the cashless society in Bangladesh.
ZSMr. Zakaria SwapanFounder, iPay Systems Ltd. — 2015
Licensed PSP — Bangladesh Bank

iPay is the first Payment Service Provider (PSP) in Bangladesh licensed by Bangladesh Bank. We enable digital payments in Bangladesh.

Download the iPay app

Make life simple.
Join the cashless society.

Make & track payments, send or request money — whenever, wherever. iPay is on iOS and Android.