MeydanPay is a payment gateway App to facilitate payment collection for goods and services on behalf of your merchants, this means any transaction must be against a service. It can be integrated with your online shops, marketplaces, and services.
Customers can register for Meydan Pay either using the Meydan Pay App available on both Google or Apple stores.
No, anyone can register for Meydan Pay. The document for KYC varies depending on your location. For example, a resident will need Emirates ID and for non-residents, a passport is required to complete KYC.
Users can upload the passport instead to complete KYC.
Yes, opening a bank account and Meydan Pay are independent of each other. Meydan Pay is a payment gateway solution and not a bank or a banking application.
The KYC process to register for the Meydan Pay app can take a minimum of 2 working days to a maximum of 5 working days based on your business case and transaction requirements
Differences in the email address and mobile number are acceptable.
It will take less than 2 hours for the beneficiary to be added.
Currently, transactions can be done only in AED.
You can transfer funds from an international bank account using our VA feature
Yes, international transfers can be carried out through virtual IBAN.
Top-up can be done by both, local and international banks.
The money can be withdrawn only from the revenue account
Yes, invoices can be made and shared through Meydan Pay by email, social media, and QR code scanner.