Cashew becomes regions first 360-degree instant payment and digital finance solution as it launches in UAE & Saudi Arabia backed by US $5 million investment
Cashew, the regions first 360-degree instant payment and digital finance platform has started services in the UAE and Saudi Arabia with a full array of Buy Now Pay Later (BNPL) option The App & web-based platform, built over 2 years with US$5 million now launched in its technology, has been extended to support merchants and service providers to increase their sales, and give customers more extensive obtaining power with easy, fast, simple and cost-effective payment resolutions during the or online checkout process.
Both standard and Shariah-compliant, the point-of-sale investment opportunities being extended to the people discuss gaps in the modern business where other BNPL results rely heavily on existing consumer credit products. cashews immediate payment and digital finance water add no extra burden to debts the customer may already have on existing credit lines.
Consumers can seamlessly take to break payments into sections or simply stop them to up to 14 days, all outdoors any hidden fees, while dealers and service providers are paid entirely upfront and dont suspect any risk. Aside from retailers, cashew is making contacts across major sectors, including healthcare, training, retail, travelling, home renovation and entertainment.
Cashew founder Ammar Afif is betting on the huge potential of digital programs as a disruptor to conventional financing, with FinTech being one of the biggest profession growth quarters in the MENA region.
Giventhe prevailing business conditions, we saw a demand for an easy-to-use, flexible, and cost-effective solution to support both suppliers and customers, said Afif, who spent the past 25 years in Americas celebrated IT hub of Silicon Valley house and balancing multi-million dollar Fintech startups.
Merchants and service providers are meeting growing requests while customers are asking more payment flexibility and security in payment options that cater to their needs. Our platform presents a full suite ofno-interest, soft, and transparent waters at the lowest rates to consumers, which in turn allows them with more liquidity, greater buying power, allowing them to choose how they wish to fund their lifestyle needs from the comfort of their smartphones.
Added Afif: Our data-centric strategy is encouraging to create a robust ecosystem of banks, financial institutions, government agencies, consumer-facing businesses, and consumers, which is used to gain deep insights on spendingbehaviour.
Thesedata insights are included in our platform to provide consumers with intuitive instant financing options with the lowest rates, all from the comfort of their home. The UAE and Saudi Arabia are cashews launch markets with a proposed roll-out to countries across the Gulf during 2021.
