MenaPay is the first blockchain-based, bank independent mobile payment solution. Enables the digitization of money for the Middle East and North Africa population, which does not predominantly use banks and traditional finance practices. All transfers are done with the MenaCash stable cryptocurrency that is secured by blockchain technology. MenaCash is always equal to 1 USD, every MenaCash in circulation is backed by 1 USD in the bank. The MenaPay payment system provides online shopping and instant money transfers and is compliant with Islamic finance .
MenaPay aims to be to most widespread currency in the MENA region by letting an otherwise unbanked population get integrated with the ease and speed of online payments/transfers.
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