Alternative payments refer to payment methods that are used as an alternative to traditional payments. Most alternative payment methods discuss the domestic economy or have been developed specifically for electronic commerce and payment systems are generally supported and operated by local banks. Each alternative payment method has a unique application and process settlement, language and currency support and subject to domestic rules and regulations.
A debit card also known as a bank card or check card is a plastic card that provides a traditional alternative payment method for cash when making a purchase. A charge card is a plastic card that provides an alternative to cash when making purchases where the issuer and card holder enter into an agreement that the debt incurred in the billing account will be paid in full and on the due date.
A debit card also known as a bank card or check card is a plastic card that provides a traditional alternative payment method for cash when making a purchase. A charge card is a plastic card that provides an alternative to cash when making purchases where the issuer and card holder enter into an agreement that the debt incurred in the billing account will be paid in full and on the due date.
INFORMATION ABOUT PRODUCT
In the region of the Middle East and Africa, the traditional tools are not used widely. That’s why the MenaPay’s Non- bank, User-friendly mobile payment application with Arabic language support provide easy. The traditional payment gateway is outdated and overdue, it is elongated which can be time wasting and might also require high fees before a user payment reaches the merchant or complete transaction.
Problems we faced in real life and how they provide solutions for the problems
We can’t use cryptocurrencies in daily life transactions because of there rate is not stable anymore. But we can use Menacash which is 100% backed by USDs. The main thing is 1 MenaCash is always equal to the 1 USD. Cryptocurrencies transactions are very fast and need to pay very fewer fees. It is also very secure and transparent payment method. Menapay provides easy to use solutions such as wallets, integration APIs and SDKs. The 100% Islamic non — bank compliance is the big difference for this crypto compared to others.
Roadmap
The project started in Nov 2017. The public token sale will be held in Nov 2018 (Ico). After ico it will get listed on one of top 10 exchanges. Security features such as Face recognization will get added in April 2019. By mid 2019 they have a goal of reaching 1 Billion dollar market cap. 500 merchant integration in jun 2019. After that, they will be adding support up to 10 languages in September 2019. Also up to the end of 2019 they will be expanding their business to AI-powered p2p lending platforms.
Team
To achieve this big they really need a strong team.
Tolga Odoğlu
He has 17 years of experience in finance, portfolio management & investment. He is managing director at menapay.
Cagatay Karabulut
He also has pretty good experience in past in companies like Nokta & Barakatech. Currently, he is project director at menapay.
Ertan Demiralp
Ertan also has pretty good experience in his field like designing web apps mobile games. Currently, he is working as a UX/UI Manager at Menapay.
ilker cikrikcili
Like everyone ilker cikrikcili also good solid 10 years of experience in reputed companies like Vodafone & inomera. He is currently working as a CMO at Menapay.
Tuna Orbay
He is the co-founder of Barakatech & he also worked at Nokta. He is currently working as a CTO in Menapay.
As you can see the list is big every main core member of a team has good experience in their field. They are not newbies & they know what they are doing.
A more thing I like to mention is that how active they are on social media. Sometimes for some people, it can become a deciding factor whether to in an ico on how they are active in social media. Sometimes people love to know insights of the project on whats happening with the project. How they working on it. Here is the link to their Instagram page-: https://www.instagram.com/menapay/
Supply-: 400M Mpay
Tokens for sale-: 256M Mpay
Ico price-:$0,165
Softcap-: $5M
Hardcap-: $25M
One more thing I really like about this project is that “They are going to burn unsold tokens.”
Things I really liked about this project
- Great project with the ambitious goal
- Experienced team to achieve this goal
- Payment gateway with the help of blockchain
- Choosing Mena region as for obvious reasons
- Sharing 75% of total revenue & profit amongst holders of menapay.
- They will be adding security features such as Face recognition for safety.
- Listing on top 10 exchanges by volume. This brings liquidity to the token.
- Building an offline reseller business so people can enter cryptocurrency world easily & strong local marketing.
- Other than cryptocurrencies you can buy token via Bank transfer & credit card.
- Up to 10 languages supported by 2019.
information:
Website: https://www.menapay.io/
OnePager: https://www.menapay.io/onepager.pdf
Twitter: https://twitter.com/menapayio
Facebook: https://www.facebook.com/menapayio
Telegram: https://t.me/MenaPay
Author: Al Muhaimin
My Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=1977549
My ETH: 0xFa3aECe75c6fa68F2A7A2690e5080FE62F82ed42
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