The Paypers, a leading independent source of news and analysis for professionals in the global payment and ecommerce community, has today reported on the partnership between DalPay’s and CashU, the leading online payment gateway for the Middle East and North Africa (MENA) region. Read the full article below:
DalPay implements CashU to tap into MENA
Wednesday 21 January 2015 | 01:35 PM CET
DalPay Retail, an online retailer and provider of online checkout services, has added the CashU online cash payment method in order to provide its services to MENA region customers.
The CashU option opens the Middle East and North Africa (MENA) region to online sellers who can now accept this locally-preferred online payment method. With the CashU option, e-tailers can expand their reach into new regions and industries by accepting payments from customers regardless of their location, language, income or banking status.
CashU is a pre-paid payment service across the Middle East and North Africa, with considerable usage by customers belonging to the online game community and the MMOG (Massively Multiplayer Online Games) industry.
Although the global ecommerce marketplace is powered by online credit card payments, cash remains king for both online and offline transactions in the world’s most populous regions, such as in MENA and Asia, where only 2% of adults have a credit card, according to the World Bank.
Since 2006, DalPay Retail has enabled both new and established businesses to sell online internationally and expand into new markets. Its ecommerce features include hosted checkout in 24 languages and 150+ currencies, optional open source shopping carts, anti-fraud protection and toll-free billing support. Dedicated account managers provide each DalPay Retail business with customer service to ensure international compliance, fraud prevention and chargeback reduction.
The Paypers, a leading independent source of news and analysis for professionals in the global payment and ecommerce community, has today reported on the partnership between DalPay’s parent company, Snorrason Holdings ehf, and CashU, the leading online payment gateway for the Middle East and North Africa (MENA) region. Read the full article below:
Snorrason Holdings, CashU partner for online cash payments
Wednesday 17 December 2014 | 01:18 PM CET
Snorrason Holdings, a provider of international payment processing services, has entered an agreement with CashU, an online payment gateway for the Middle East and North Africa region.
Under the terms of the deal, Snorrason Holdings will be offering a cash payment method at the beginning of 2015 via its payment brand DalPay.
Cash remains the most popular payment method in the MENA region, where only 18% of adults have a bank account and only 2% have a credit card, according to the World Bank’s 2011 Global Financial Inclusion (Global Findex) Database. Without a cash payment method, consumers and merchants in the region are excluded from participating in the global ecommerce marketplace traditionally powered by online credit card payments.
CashU is a payment method designed for and customised to serve and support online shoppers in all Arabic speaking and surrounding countries with payment solutions, giving everyone the possibility to buy online without discriminating on income, nationality or banking credentials. CashU users can fund their accounts with cash at participating CashU vendors, which they can then use to purchase from an online CashU merchant.
As regional internet usage has been growing at about 40% per year, ecommerce spending for MENA is estimated to hit USD 12 billion in 2014 and USD 15 billion in 2015, according to a November 2014 press release from CashU’s parent company Souq.com.