MenaPay is the first, fully backed blockchain-based payment gateway in the Middle East and Africa. MenaPay replaces traditional payment methods with a blockchain-based fully backed cryptocurrency. This provides a secure and transparent payment gateway to enable transactions for every aspect of daily life.
MenaPay is the first blockchain based non-bank digital payment gateway for building the biggest cashless society in the world. It focuses on the MENA region primarily.
MenaPay allows users to transfer money within daily life in a secure, fast and decentralized way.
MenaPay focuses on MENA as its primary market. It is fully compliant with Islamic finance rules which are very important in the region to provide a convenient and trustable digital payment solution. Blockchain technology meets the requirements of Islamic finance rules about money transactions between parties and earnings from the investments.
Three major statements in Islam are highly important in the region: Interest is prohibited. People can not generate profit via interest.
There should be at least 2 witnesses to approve any debt transaction between 2 parties. Earning money via money is allowed if and only if people invest in a real working business and/or asset.