MenaPay is a digital currency payment method based on the blockchain non-bank system. It is rooted in the Middle East and North Africa region and is committed to building the world's largest cashless society. Its target market population exceeds 440 million. Of these, 84% do not use the banking system due to religious beliefs and are desperate to use Sharia-compliant banking alternatives. MenaPay provides users with a safe, efficient and decentralized daily payment solution.
Through digital currency, MenaPay has achieved a digital reform beyond traditional banking solutions. It will support mobile and online payments in the MENA region, replacing cash and cash-on-delivery systems. At the same time, MenaPay will also solve the problem of profitability in the online world and help companies that cooperate with MenaPay increase their income.
As a stable digital currency 100% backed by the U.S. dollar, MenaCash can be used for daily transactions. Meanwhile, the biggest difference lies in its dealer network. Users can top up MenaPay wallets through dealers such as jewelry stores, currency exchanges, bookstores, and gas stations. We are now present at over 40,000 dealerships across the MENA region, helping to digitize currency.