Biznextindia : CCAvenue, the leading payments aggregator in the Middle East and a flagship brand of Avenues World FZ LLC, a subsidiary of Infibeam Avenues Limited 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.
“We are excited to partner with CCAvenue, one of the leading payment aggregators in the Middle East, to bring PayPal’s trusted and secure payments to businesses in the MENA region. With this partnership, entrepreneurs and businesses across MENA can leverage PayPal’s global reach to expand their cross-border sales,” said Mr. Mark Mwongela, PayPal Director for Middle East and Africa. 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.
Mr. Vishwas Patel, Executive Director Infibeam Avenues, commented, “We are thrilled to announce that CCAvenue is one of the few payment aggregators to offer PayPal as a payment choice to businesses in the MENA region. With PayPal’s trusted reputation in the payments industry and its extensive global reach, this partnership opens up an array of new opportunities for growth and increased cross-border sales for MENA businesses. We are excited about the potential this partnership brings and shall continue pushing the boundaries to explore and offer the best payment solutions.” 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 friction less payment processing, enabling entrepreneurs to focus on their goals and business expansion.