Good News For cashU As They Extend Their Distribution Through The OneCard Network KSA

Business.Maktoob.com has just announced that cashU, which is now the largest Internet payment system in the Middle East and Africa, has partnered with OneCard a multi-function prepaid card that offers users access to a host of prepaid services in the Saudi market.

Users can now add funds to their cashU account using OneCard, which has over 8,000 retail outlets in Saudi Arabia. Presently, just 5% of Saudi residents hold credit cards. This makes cashU’s prepaid card model essential for ISPs, GSM, telephone, SMS, Stock trading, premium subscriptions and paid content from the Web.

“OneCard is essential for e-commerce websites and premium subscription in this region, as the Saudi market has a large percentage of internet savvy users who are morally opposed to usury, and therefore, credit cards.” says Muhannad Ebwini, GM of OneCard. “OneCard offers convenience, ease of use and zero risk. The customer just buys OneCard prepaid card and fills up his account on the OneCard website to buy from numerous exclusive web services and subscriptions, as well as any other prepaid card of any denomination available in the Saudi market.” He added.

cashU was launched by Maktoob in mid 2002. This is a very successful prepaid Internet payment solution that can be used to purchase products and services anywhere on the Internet safely and anonymously. cashU is currently available in 20 countries around the globe.

cashU addresses the need for an internet payment solution, in markets and demographics where credit cards are not very prevalent. cashU’s prepaid card system enables minors to access and purchase online products and services anywhere on the Internet safely and without worries.

Gold, Silver, and Platinum OneCard account holders can now easily add funds to their cashU accounts. This connection will allow account holders the option to make payments on cashU’s international merchant base. While OneCard’s merchant base specialises in localised services such as ISPs and telephony cards, cashU can be used to buy online gaming subscriptions, fund Webmoney accounts, VoIP services, auction and e-market sites like Souq.com and Amazon.com.

“Saudi Arabia is a key growth market, and OneCard offered us very competitive prices, which are just as good as some of our biggest resellers in the region.” says Martin Waldenstrom, General Manager of cashU.com. “OneCard’s distribution network extends to all the major cities and towns of Saudi Arabia, areas where cashU had a minimal presence.” He added.