CCAvenue partners with PayPal to offer global payment acceptance in MENA region
Published by Capital Market | 22nd May, 2023
CCAvenue, the leading payments aggregator in the Middle East and a flagship brand of Avenues World FZ LLC, a subsidiary of Infibeam Avenues is one of the first payment aggregators to have partnered with PayPal, a worldwide leader in the payment industry to offer global payment acceptance for businesses in Middle East & North Africa (MENA) region. This allows MENA businesses the convenience of a single partner for all their payment requirements and streamlines processes for a seamless payment experience.
This partnership enables entrepreneurs and businesses across the MENA region to sell their products in 200- countries globally to over 435 million worldwide active PayPal accounts, broadening their global reach. With the inclusion of PayPal payment option, recent research has shown that businesses can see approximately a 30% increase in sales, and customers who use PayPal spend an average of 43% more money at the retailer overall. This to a certain extent is due to the buyer protection and dispute settlement offered by PayPal, which gives customers greater confidence to shop.
The launch of this service saves entrepreneurs valuable time and effort, eliminating the need to have a US bank account to access their funds. With this partnership, CCAvenue and PayPal are committed to facilitate frictionless payment processing, enabling entrepreneurs to focus on their goals and business expansion.
This partnership enables entrepreneurs and businesses across the MENA region to sell their products in 200- countries globally to over 435 million worldwide active PayPal accounts, broadening their global reach. With the inclusion of PayPal payment option, recent research has shown that businesses can see approximately a 30% increase in sales, and customers who use PayPal spend an average of 43% more money at the retailer overall. This to a certain extent is due to the buyer protection and dispute settlement offered by PayPal, which gives customers greater confidence to shop.
The launch of this service saves entrepreneurs valuable time and effort, eliminating the need to have a US bank account to access their funds. With this partnership, CCAvenue and PayPal are committed to facilitate frictionless payment processing, enabling entrepreneurs to focus on their goals and business expansion.
INFIBEAM AVENUES
