MenaPay and PumaPay Join Forces to Accelerate Payments Worldwide
MenaPay, the first blockchain-based payment gateway in the Middle East, and PumaPay, blockchain-based payment solution built around the innovative PullPayment Protocol, join forces to accelerate and decentralize payments worldwide. The two projects are united by the mission to disrupt and redefine the current financial system while enabling merchants and users worldwide to benefit from fast, flexible, convenient and affordable crypto payments.
First blockchain gateway for MENA
MenaPay, the first blockchain-based payment gateway in the Middle East, and PumaPay a blockchain-based payment solution built around the innovative PullPayment Protocol, join forces to accelerate payments worldwide.
PumaPay is streamlining crypto payments
Decentralized Vision Ltd. created PumaPay to streamline everyday payments by allowing merchants to easily accept cryptocurrencies. This is done with the intuitive PullPayment protocol, which provides flexibility of crypto payments in day-to-day transactions through fast transaction processing and low fees.
PumaPay enables multiple payment scenarios – from traditional one-time transactions and scheduled payments to split (affiliate) and pay-per-view transactions. PumaPay is successfully building a strong ecosystem of Early Adopters – successful businesses who commit to integrating the protocol. Among them are global brands like Wix, Fashion TV, Rent24, CCBill, Stickpay, Globacap and many more. The PumaPay Token will become the default means of payment in the PumaPay ecosystem.
MenaPay will accelerate the adoption of Islamic finance compliant payment gateways in the MENA region to redefine the current financial system while enabling merchants and users to benefit from fast, flexible, convenient and affordable crypto payments.
MenaPay is replacing traditional payment methods with a blockchain-based, fully backed cryptocurrency to provide a secure and transparent payment gateway and thus enables transactions for every aspect of daily life.
Islamic compliant financial service for 440 million unbanked people
Based in Dubai, UAE, MenaPay builds the first blockchain-based payment gateway in the Middle East and serves millions of people in the region with a convenient, fast and secure payment solution. Being fully in compliance with Islamic finance and with no interest, no illicit activity in their system, MenaPay is what people need in the Middle East and North Africa where more than 80% of population (440 million people across 18 countries) is still unbanked since traditional banking systems are not fully in compliance with Islamic finance.
No fluctuation risk and no more chargeback problems for merchants
With its more than 50 merchants in MENA; MenaPay builds its own ecosystem and solves cash out problems of merchants and shortens the chargeback process to 48 hours. Moreover, MenaPay eliminates any fluctuation risk, mitigates the volatility of cryptocurrencies in MENA region with the fully backed stable cryptocurrency called ‘MenaCash’ it creates. MenaPay provides transactions such as peer to peer, peer to merchants, merchant to foundation.
While still in the ICO stage, Menapay plans to rely on the PumaPay token (PMA) for transactions before the Menapay token is ready for its full usability. Later on, the PMA token may run in parallel in the Menapay ecosystem. Merchants who are members of the PumaPay ecosystem will gain an access to shoppers in the MENA region who use MenaPay.
‘PumaPay and MenaPay both share the values of decentralization, disintermediation and increased convenience of daily payments. Combined processing volume of the members of PumaPay ecosystem already exceeds $15 Billion/annually and we intend to expand it further. We envision the relationship with MenaPay as a long-term growth and alignment of our two ecosystems, for the benefit of merchants and their clients worldwide’, – says PumaPay CEO Yoav Dror.
MenaPay Managing Director Tolga Odoğlu is enthusiastic about joining forces with PumaPay, says: “We see this partnership as a step to expand our scale and develop ecosystems together. MenaPay provides a secure and faster payment process for Islamic finance in MENA region. And the best way to accelerate this is to integrate the ecosystems, namely the merchants in the Middle East and North Africa. With PumaPay and by using our secure & flexible blockchain technology we facilitate the payment process for merchants and 440 million unbanked people across 18 countries.”
MenaPay replaces traditional payment methods with a non-bank blockchain based payment gateway in the Middle East and North Africa (MENA). Established in Dubai-UAE by well-known business leaders, MenaPay focuses on developing the most commonly used crypto currency in MENA with the vision of supporting digital transformation of the region. MenaPay platform aims to serve 440 million people across 18 countries, as their Islamic finance compliant payment method. Where more than 80% of the adult population is unbanked, MenaPay introduces its USD backed stable currency ‘MenaCash’ to build a cashless society through its widespread reseller network. Find more information about how MenaPay is shaping the future of money transactions in MENA region at www.menapay.io.
PumaPay offers an open source free-of-charge blockchain-based protocol that decentralizes a whole layer of transaction processing services. The comprehensive and flexible protocol allows adopters to process transactions using nearly all the familiar billing methodologies and combines the best of traditional methods (credit cards) and blockchain-based solutions.
PumaPay’s PullPayment Protocol provides flexibility of crypto payments in day-to-day transactions through super-fast transaction processing and low fees. PumaPay enables multiple payment scenarios – from traditional one-time transactions and recurring payments to restricted and pay-per-view billing, making it a good choice for merchants worldwide.
The network of PumaPay Early Adopters already exceeds 70 companies from different lines of industry, from adult entertainment to financial technology and lifestyle brands, and more. Among PumaPay’s Early Adopters are reputable names such as Wix, Fashion TV, Rent24, Sticpay, and Globacap, to name a few. Learn more at https://jp.pumapay.io.