Africazine:
Egyptian fintech MoneyHash is making strides in the UAE’s payment sector.
MoneyHash has partnered with Spare to introduce Pay-by-Bank options for merchants in the UAE. This collaboration aims to lower costs and speed up settlements, enhancing the overall checkout experience for users.
MoneyHash and Spare Join Forces in UAE
The partnership between MoneyHash and Spare marks a significant development in the Middle East’s payment landscape. By integrating Pay-by-Bank options, they aim to streamline transactions for merchants, making payments more efficient.
This initiative aligns with MoneyHash’s broader goal of scaling open banking across the region. The collaboration is expected to modernize payment processes, benefiting both businesses and consumers.
Egypt: Key figures on Pay-by-Bank options
- an amount was not specified
Enhancing the Checkout Experience
The introduction of Pay-by-Bank options is designed to provide a seamless checkout experience. By reducing transaction costs, merchants can offer better services to their customers. This move is a proactive step towards embracing modern payment solutions in the region.
Future Steps for MoneyHash and Spare
- Implementation of Pay-by-Bank options for UAE merchants
- Focus on scaling open banking initiatives
- Continued modernization of payment processes in the Middle East
This partnership is set to transform payment experiences for merchants in the UAE.
