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Revolutionizing University Life: The QPay Platform and its Benefits

The world is moving towards cashless transactions and QPay is among the companies leading this transformation. QPay is an Australian-based platform designed primarily for university students and provides a seamless way to browse and attend events, become members of societies and clubs, and access exclusive deals.

One of its key features is a virtual debit card issued in partnership with Mastercard. The platform has received great recognition since its establishment, even appearing on the Australian version of Shark Tank.

In this article, we will explore all aspects of QPay and highlight the benefits of using the platform as a university student. What is QPay?

At its core, QPay is an online platform designed to connect university students. The platform was created in response to the challenges that students face in finding and attending campus events.

With QPay, students can quickly browse through available events, choose the ones they are interested in, sign up and pay electronically. This platform benefits both students and the university by streamlining the registration process for events, reducing the likelihood of overcrowding and allowing event organizers to manage the number of attendees more effectively.

QPay is not restricted to just students but is also accessible to student unions who can use the platform to create and organize events. The QPay dashboard provides organizers with detailed analytics including user details and the number of ticket sales.

This information allows organizers to respond to changes in event attendance and improve on their marketing. QPays also offers a virtual debit card issued in partnership with Mastercard, which allows users to make online and in-store purchases without having to carry any physical cash.

It is a convenient alternative to traditional banking and cash transactions, and students can track their expenses directly from the QPay app. How does it work?

To use the QPays platform, students are required to create an account on the website or through the app. The app is available on both the Play Store and the App Store.

Once an account is created and verified, students can begin exploring the app. Users can view events that match their interests, browse by categories such as sports, social, and academic, and choose events to attend.

Events are displayed with all the required information, including the time, location, and cost. If a student decides to attend an event, they can buy tickets through the platform.

Traffic-light colors indicate availability, with green events meaning that there are still tickets available, amber events having limited tickets available, and red events being sold out. The platform also offers a feature where users can join clubs and societies with members’ discounts.

For members of the societies and clubs, the QPay platform offers an easy way for them to manage their memberships and pay their subscription. One of the most attractive features of the QPays platform is the virtual debit card.

Users can top up their virtual debit card through the QPay app using their credit or debit card. Once the card is loaded, users can use it to make cashless transactions.

The QPay virtual debit card has been designed with students in mind. It will not allow users to spend beyond the amount they have deposited into the account, hence, helping them keep their financial expenses in check.

The virtual debit card can also be used to shop online and even to make in-store purchases by using the tap and go feature. As an added advantage, since the virtual debit card is issued in collaboration with Mastercard, it is accepted worldwide.

Hence, students going for international exchange programs or studying in different countries can use this virtual debit card to make online purchases and shop at physical outlets. What are the Benefits of QPay?

One of the most significant benefits of using the QPays platform is its convenience. It allows students an easy way to search for, sign-up, and attend events on campus.

Since everything is managed digitally, users can pay for events and make transactions necessary for viewing and getting tickets without ever having to leave their homes. The platform provides a safe and transparent environment for students to manage their events.

The virtual debit card helps students to learn financial management as they only use the amount of money they have loaded onto it. It also makes it easy to track their expenses and spending habits.

One another advantage of QPay is that it provides a fantastic opportunity for students to engage and network both online and offline. Students can use QPay to explore campus and attend events that they might not have known about otherwise.

By using the QPay platform, students are connecting with other students who share similar interests, making it seem like a social networking platform. Similarly, by joining societies and clubs through the platform, students can connect with other like-minded students, hence expanding their network and creating long-lasting relationships.

With the QPay platform, students can benefit from numerous discounts offered through societies and clubs, meaning they save money while enjoying the activities that they love. The platform creates more opportunities for students to try out new things, from attending events to trying out new activities and hobbies.

Conclusion

QPay offers a unique opportunity for university students to streamline their lives and enjoy campus activities. They can engage with fellow students, explore opportunities for professional growth, and network with peers and potential employers alike.

QPay makes it easy for students to do everything from attending lectures/seminars, joining societies, and clubs without ever leaving their phones. Moreover, the platform offers the added benefit of a virtual debit card that eliminates the need to carry cash and provides a safe way for students to manage their finances.

QPay is a game-changer in the world of student life, and every student should try it out. QPay was founded by Zakaria Bouguettaya and Andrew Clapham in 2015.

The two met while at the University of Technology Sydney, where Clapham was studying software engineering, and Bouguettaya was pursuing his degree in business information technology. Bouguettaya initially approached Clapham with the idea for a peer-to-peer (P2P) payment app called QuicklyPay.it but later pivoted to what is now known as QPay.

Before founding QPay, Bouguettaya had already tasted success in the app development space with the creation of his first app, MyBus. MyBus was a transportation app designed to help university students track bus schedules.

The app won numerous awards and recognition in Australia, including Best Startup at the 2012 OzAPP Awards. Clapham, on the other hand, founded his own app development agency while still in college.

The agency, called Dreamwalk, has been responsible for creating apps for a host of Australian clients, including Woolworths, Coles, and Bupa. After experiencing difficulties with their initial P2P payment app, the founders pivoted to focus on an idea that would be more tailored to the student market.

They saw an opportunity to streamline campus life for university students by creating an all-in-one platform to search for, sign-up, and attend on-campus events and activities. The QPay platform started as a way for students to discover events that were happening on campus and then buy tickets to attend them.

The founders had their first breakthrough when they landed a contract with the University of Technology Sydney to offer payment and ticketing services for their student events. This deal helped them to prove the concept and begin their journey towards growth, eventually expanding to other universities in Sydney and other regions.

QPays approach was different from other event ticketing platforms in that it offered both a ticketing service and a means for student societies and clubs to manage their memberships. This approach made it one of a kind in the market.

Compared to other online ticketing platforms, QPay offers much lower transaction fees. QPay’s success opened the door to investments from notable investors such as BlackBird Ventures, Artesian VC, and AngelCube.

These investors allowed the platform to grow their business and expand their reach to multiple campuses across Australia and New Zealand. In 2019, QPay made an appearance on the Australian version of Shark Tank, where investor Steve Baxter made a $380,000 offer for 20% of the company.

Baxter’s extensive experience in the tech startup industry made him the perfect addition to the QPay team. Since then, QPay has continued to grow, offering a range of benefits to university students across the world.

In addition to event ticketing and club management, QPay has gone on to develop partnerships with some of the biggest brands in the world, including Mastercard. As part of their partnership, QPay has launched a virtual debit card that allows users to make payments online and in-store without having to carry any cash.

Overall, QPay has come a long way from its humble beginnings as a P2P payment app. With the right partnerships, funding, and guidance, its founders have been able to scale their business and offer an easier life for university students.

It is no wonder that QPay has received so much recognition and accolades from the industry and has become an inspiration to young entrepreneurs all over the world. QPays recent developments have been nothing short of impressive.

The company has significantly expanded its reach, expanding to New Zealand and Canada, and even launching an equity crowdfunding campaign to the public. Moreover, rumors of QPay expanding to the United States are surfacing, anticipating an exciting future for the fintech startup.

QPays Expansion to New Zealand and Canada

After its success in Australia, QPay has expanded to other countries, notably Canada and New Zealand. In New Zealand, the company established partnerships with universities and student groups to offer event ticketing and membership management services.

In Canada, QPay has already established connections with multiple universities, with the University of Toronto being among them.

QPays Equity Crowdfunding Campaign and Partnership with Volt

In 2020, QPay launched an equity crowdfunding campaign to the public, with a goal of raising $2 million through the issuance of new shares. With this new investment, the company aims to continue transforming the university experience for students across the world.

QPays partnership with Volt, another Australian fintech company, has boosted the growth of the company. Volt had earlier raised $70 million in a capital raising round supported by prominent investors.

Volt and QPay have agreed to integrate their platforms to serve young Australians seeking value-focused banking, innovative payment experiences, and easy access to credit. The bank has also provided transaction banking and payment facilitation services, as well as becoming a strategic shareholder, following the closure of QPay’s oversubscribed $4.7m funding round.

Rumors of Potential Expansion to the United States

There have been rumors of QPay expanding to the United States, which is exciting news for investors and users of the app. However, specific information about when this will happen and how QPay plans to enter the American market remains undisclosed.

Some experts speculate that the company may partner with American financial institutions or universities to expand its reach. Their existing partnership with Mastercard can provide the company with significant benefits in an American market, considering it is a global leader in payment solutions with significant footprints in North America.

QPays Ownership Structure

Information regarding QPay’s ownership structures is limited. The company has been known to remain tight-lipped about its investors.

Still, it is known that the company has raised over $5 million from funding rounds, including investments from Shark Tank investors. QPays goal is to go public within the next three to five years, but the company is keeping its cards close to its chest regarding if it will go public through an IPO or through a direct listing on an exchange.

Compared to the transparency provided by some of QPays competitors, such as Square or PayPal Holdings, the lack of information regarding the ownership structure may be concerning to some investors. However, this also means that the company values privacy while retaining more control over its operations.

The Australian government also requires limited public disclosure requirements by private companies, which is in compliance with its regulation.

Conclusion

QPays has come a long way since its inception in 2015, offering university students a unique platform for event ticketing, club memberships, and virtual debit card facilities. Its path to success has been paved with significant growth, funding rounds, and partnerships with prominent industry players.

As QPay expands into New Zealand and Canada and rumors of expansion to the United States forming, it is exciting to see what other innovative solutions it will offer to the university marketplace. Even with the lack of information available regarding its ownership structure, investors have banded together to support the company’s growth and have high hopes for its IPO plans within the next few years.

Overall, QPays are looking to continue to revolutionize the university experience and democratize a range of financial services through affordable and high-quality options. In conclusion, QPay has become a game-changer in the world of university life, offering a platform that streamlines event attendance, club memberships, and even provides a virtual debit card.

With its expansion to other countries such as New Zealand and Canada, and rumors of potential expansion to the United States, QPay continues to revolutionize the way students engage with their campus communities. Despite a lack of information about its ownership structure, QPay’s success in securing funding and partnerships demonstrates its ability to attract investors and collaborate with industry leaders.

As QPay aims to go public in the coming years, its trajectory as a disruptive fintech startup is promising. QPay’s story serves as an inspiration to young entrepreneurs, showing how innovation and technology can transform traditional industries and enhance the student experience.

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