Algeria’s CPA launches CPAzonepay for international payments
By the AFREEQUE newsroom, based on Algérie Eco
Crédit Populaire d’Algérie launches CPAzonepay, a service enabling Algerian merchants and businesses to accept payments by Visa and Mastercard cards issued abroad. The solution targets tourism, hospitality, exporters, healthcare and telecommunications, among others, according to CPA as reported by APS.
Crédit Populaire d’Algérie (CPA), an Algerian state-owned bank, is now offering merchants and businesses with an e-commerce website the possibility of accepting payments from abroad by Visa and Mastercard cards issued by foreign banks. The CPAzonepay service was launched on Thursday 12 November, according to a CPA statement reported by APS.
The solution targets companies in tourism, hospitality and air transport, exporting SMEs, as well as the healthcare, telecommunications, education, online training and handicrafts sectors. CPA says it should enable Algerian businesses to expand their customer base to international buyers, while simplifying payment management and securing transactions.
The launch comes after online payments in Algeria increased, having exceeded 1,000 merchants in August. CPA presents CPAzonepay as a new tool designed to support the marketing of Algerian products and services to an international customer base.
