CASHU Denies Prepaid Card Ban in Saudi Arabia

Fri, 07/15/2016 - 10:48

CASHU, the leading players in the online payment industry in the Middle East and North Africa (MENA), has denied that a ban has been set on its prepaid cards in Saudi

The company has stated that they are working with Saudi Arabian Monetary Agency “SAMA” to provide the highest international security standards for E-Payment for the Saudi online shoppers. The company fully abides and is compatible with the monetary system in the Kingdom and is abiding with the rules and regulations of the services which are mandatory for the agency. CASHU advocates governing prepaid e-payment services under a unified monetary entity that takes care of customers a matter which will help drive the growth for this vital sector in Saudi and the region.

CASHU has been successfully operating in Saudi market since 2003 and has since become the preferred method of payment for online shoppers of both products and services within the Kingdom. The company announced its intention to drive further expansion in Kingdom of Saudi Arabia and introducing new products via strategic partnerships with key local Saudi financial entities within the next two months.

The company stated that they reserve the right to take legal actions against all those who falsify news about the company and its operations.