It is reported that Jollychic's online payment platform Jollypay has obtained a license to conduct online payments in the UAE, becoming one of the first foreign companies to obtain a license to conduct online payments in the UAE.
Jollypay was established in 2017 and specializes in building payment and service systems. It is an important part of the Jollychic shopping platform.
Recently, the UAE has passed a cabinet resolution allowing foreign companies registered in the UAE to own 100% of the shares, covering 122 sectors including e-commerce. This provides an ideal opportunity for Jollypay to promote and establish more digital services in the UAE, and also gives Jollypay an advantage in becoming one of the convenient and popular payment methods used by mobile users and mobile application developers in the UAE.
Liu Yang, COO of Jollypay, said: "Our long experience in the Arab market, especially in the UAE with Jollychic, has enabled us to develop more technological mechanisms to serve Arab and UAE users and provide simple and secure electronic payments. By working with the GCC and local governments to develop this technology, we will transform the UAE society into a 'cashless society' by establishing a new financial ecosystem in the Middle East."
Jollypay was founded by a team with diverse backgrounds such as those from e-finance organizations, multinational banks, e-payment companies, bank security and other payment systems. It now operates Jollypay in partnership with the local government to build the infrastructure for the UAE’s digital economy.
Jollypay was launched in 2017 and provides online payment solutions, specializing in the construction and services of payment systems. Jollypay has independently completed the construction of its own payment system and risk control system. Jollypay's relevant person in charge claimed that "it can provide payment solutions in many aspects, such as clothing, electronics, household items, shoes and bags, and baby products, providing diversified and global services through a one-stop shopping experience."
Jollychic and Airwallex are similar, both are very popular payment platforms. Now there are more and more domestic friends doing cross-border e-commerce. How to reduce the payment fee is a very important thing, especially for sellers who are just starting to sell on Amazon. It is very important to choose the right payment tool. Finally, I would like to recommend a cross-border payment tool to everyone - Airwallex.
Airwallex was founded in Melbourne, Australia in 2015. It is committed to building a digital global financial infrastructure and providing smart and seamless cross-border payment solutions. Since its establishment, Airwallex has received over US$360 million in financing from top investment institutions, including Tencent, Sequoia Capital China, DST Global, Hillhouse Capital, Horizons Ventures, ANZi Ventures, Square Peg Capital, Gobi Partners and Salesforce Ventures.
Airwallex supports payment collection on 14 cross-border e-commerce platforms, including Amazon, eBay, Cdiscount, Real.de, Fnacdarty, B2W, Jumia, Linio, ManoMano, MercadoLibre, Wayfair, Newegg, eMag, and Allegro.
Cross-border withdrawals can be made on the same day at the fastest, with fees as low as 0% . You can get a cashback of up to 1,000 yuan when you activate your account. Register now to get free help opening a store on Amazon, enter the Amazon store opening community, and connect with Amazon's global store investment managers.
Airwalex payment account registration portal: https://hub6.cn/3SrIOe
