Companies CashU

People

  • Jabbar Internet Group

Funding

NA

Company Stage

  • Founded: 2002
  • Stage: Growth

Competitors

Social Media

Launched in July 2002, cashU was born as a result of a survey, which revealed that only 13% of internet users were willing to use their credit cards online. There was a clear need for an internet payment solution.

Part of Jabbar internet group, cashU which was launched in July,2002 as the region first prepaid online payment gateway that a user can sign up for a free account that can be funded using a variety of top-up options. Funds added to the cashU account can then be used in more than 4,500 merchant website specialized in offering the services of online gaming & MMORPG’s, online shopping, VoIP & communications, dating & matrimony, IT services, FX trading and many others.

cashU provides merchants with a solution where they can sell their goods and services on the Net, including virtual products (like online game items) or services (such as SMS or ring tones) that require micro payments. Merchants pay no setup or installation fees – and integrating cashU is quick and simple.

cashU is now available in more than 35 countries around the world and the cashU network connects hundreds of thousands of cashU cardholders, online and offline resellers as well as online businesses and merchants in a way that couldn’t be possible before due to the low penetration of credit cards in the region.

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