March 21, 2015 (MANILA, Philippines) – Dragonpay, in its mission to provide a broader range of payment channels for its merchants and to their respective clients has signed up with CashU, a payment gateway in the Middle East which enables its users to purchase goods and services online even without credit cards. A CashU Payment Account is a secure wallet used to make purchases from online merchants.
With a CashU Payment Account, a user can control and protect the balance in their account by limiting it only to the amount needed to cover immediate purchases. This makes it more secure than a credit card where the entire credit limit is available for purchases. CashU also offers a prepaid service where every transaction is password-protected, and funds are kept in an escrow account before being released to the Merchant.
Having a wide network in Arabic speaking and surrounding countries, CashU payments will enable Dragonpay’s clients based abroad specifically in the Middle East to make secure online purchases with the latter’s partner merchants. From the data gathered by POEA as published by the Bureau of Labor Employment Statistics (BLES), a total of 825,402 OFWs were deployed in the Middle East in 2012. The top middle east countries where OFW’s are based include Saudia Arabia, United Arab Emirates, Kuwait, Qatar and Bahrain.
Dragonpay currently offer payments via online banking, over-the-counter bank deposits and payment center payments. CashU payments will allow OFWs to make purchases from a Philippine based e-commerce site supporting Dragonpay payments without worrying about the payment remittance. Traditional payments from abroad include remittance fees and other charges which makes purchasing online more costly.
Another benefit of this service is that OFW’s who want to send gifts to their relatives here in the country can now be done more conveniently. The OFW can just make the payment using their CashU account and set the shipping address to their recipients here. With this method, OFW’s are now assured that the gifts they intend to give their loved ones will reach them.
CASHU is a safe payment method designed for and customized to suit, serve & support online shoppers in all Arabic speaking and surrounding countries with secure, accessible and easy to use payment solutions. CASHU was established in 2002 by Maktoob (now Yahoo), and the management team is the region’s most experienced online payment experts with a solid background from regional and international banking, credit card processing, alternative payment solutions and online monetization and marketing industries.
Dragonpay is a progressive, alternative online payment provider based in the Philippines. Dragonpay enables its partner merchants to accept payments thru local banks and other brick-and-mortar outlets such as convenience stores, payment and remittance centers. Its mission is to provide a more secure and easily available e-commerce payment channel for the broad market.
*CashU cannot be used by users inside the Philippines to prevent fraud.
Dragonpay provides innovative payment solutions to help merchants accept or disburse payments online. We focus on alternative payment channels such as banks, mobile payments, ATM's, and brick-and-mortar payment centers. By doing so, we provide our merchants convenience, better protection against fraud, and low transaction..Google+