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.
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Rated on Apr 20, 2019
Menapay is a nice looking idea, and one that can potentially make good use of blockchain technology. The team looks good, they have nice experience in relevant areas. The idea could be difficult to execute though as it's a tough market, but as I say they have a strong team and a good vision.
Rated on Nov 29, 2018
Modified on Dec 6, 2018
It seems that I am here to break the ice with the first expert rating on this interesting project.
After taking a look over the Menapay project, I can see that they have the optimum number of team members and they look well prepared for the job. Their designated team also passed the KYC on Ico Bench and this is a good sign.
Their vision is original and courageous as they planning to be the pioneers of blockchain-based payment gateway in the Middle East and Africa.
After my previous review, their team has contacted me and sent the full WhitePaper and product updates for me to analyze in order to provide a proper rating.
I have read their WhitePaper, it seems there are some errors with the WP they have uploaded on ICOBench and they are working on fixing them. The WP on their Website is also working now. I can always be happy when I can help projects better themselves.
After analyzing the information they have provided me, I am confident that Menapay is a project with a great potential and an outstanding product that will come to the market in the future. Their team also proved their dedication by spending time to provide me all the required information. So a big thumbs up for that!
Rated on Dec 12, 2018
The company's vision is extremely positive and they're aspiring towards something really great. It doesn't sound like an easy feat to achieve, but these are specifically the kinds of projects that I personally feel are instrumental in our hope for institutional and enterprise-level, or even government-level adoption tomorrow. So this is definitely a project that would do a lot of good if successful. The team seems strong enough to take on the task, but only time will tell how effectively.
With regards to the product, this is, at the end of the day, just a cryptocurrency. And there's no prototype currently available for how effectively and efficiently it can be used. Will be awaiting updates here.
Do wish you the best of luck. Overall, this looks like a well thought out, organized effort and it would be good to see this succeed.
Rated on Apr 15, 2019
The company's goal is clear that it aims to create a syariah compliant blockchain based payment gateway to cater to muslim customers and islamic countries as it complies with islamic finance rules. This helps boosts the usage of cryptocurrencies in daily life transactions and build a cashless society. They have a great team with a lot of experience and a good set of advisors.
Rated on Feb 1, 2019
This project is pretty interesting. The team is really big, which is a really good sign. The idea is decent, but it'll be very tough to achieve adoption. Also, there is no product to look at the moment, so I'll update the rating when the app is made.
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TeamApply as an advisor
CEO at Netmarble EMEA
Lawrence Du Pre
Managing Director at DDB & Tribal, Amsterdam
Large exits in MENA region, Pay2Go and Joygame
Chairman of electricity trading company ‘SEE Power Trading’
Fintech & Gaming exits
Founder of tech consultant firm SANE Communications
Managing Partner at large MENA exits; Gamesultan gaming company & Pay2go payment initiative
Managing Partner at Wanda Digital graphic design
Managing Director at MenaPay
Business Development Director
UX / UI Manager
Marketing Content Manager
Social Media Manager
PR Marketing Manager
Atakan Oruc Uyan
Junior Art Director
Polina Ercin Vinokurova
Business Development Specialist
Periza Seyda Kulak
Utku Firat Erturk
Partner and Attorney-at-Law at BTS & Partners
Legal Counsel at Turkey Game Developers Association
Global BD Lead of Mi Entertainment
Founder at Ambition Legal Consultancy
Co-founder at Colendi
Shareholder at tech-venture SadeceOn.com
1st Round capital Team Building.
Product Development Start Tokenomics.
ICO Web Site Live Foundation Establishment.
50 Merchant Integration.
Mobile App Beta Test Ready.
MenaCash Transaction Tests.
Merchant Tools Launch - API & SDK.
Pre-ICO Start & Mobile Payment Apps Launch.
Listing on one of the top 10 Exchanges.
Ne Security Feature: Face Recognition.
Reaching 5 offices in MENA Countries.
500 Merchant Integration.
Reaching 5 million MenaPay Users.
Parental Control for Family Accounts.
MenaPay in Asian Countries and reaching 1.000 Merchants.
Advanced AI Features: P2P Lending Payment Installment.