noon.com, the e-commerce platform, announced the launch of noon Pay, a peer-to-peer (P2P) payments service. The P2P system is designed to offer another way of allowing people to transfer money to others.
noon Pay, a mobile payments system has been launched to provide convenience, security, and flexibility to users in KSA and the UAE, said the company in its launch announcement.
noon Pay enables individuals to transfer money in the form of noon credits. Individuals using the platform can send money to anyone, at any time, from anywhere, and all transactions will be secure. The user’s noon Pay balance can be used on the noon super app (noon, noon Minutes, noon Grocery, noon Food) and SIVVI or it can be sent to anyone using their mobile number or email address.
The money transfer is instant and comes at no fee to the users.
As traditional payment methods continue to evolve, noon Pay distinguishes itself by delivering a user-friendly and intuitive experience. With just a few taps, users can effortlessly send noon credits to friends, family, or any other noon user, eliminating the need for cash or card-based transactions.
“Today marks a significant milestone for us as we introduce noon Pay to the world,”
said Mosam Gadia, senior vice president, noon Pay.
“We believe that providing people with a secure and versatile platform to transfer money effortlessly is a game-changer in today’s digital age. With noon Pay, we aim to revolutionize Peer-to-Peer payments, simplify financial transactions, and ultimately make people’s lives easier. noon Pay is aiming to be the one integrated financial services platform for its users, with a lot of new services being planned to be added soon.”
One of the standout features of noon Pay is the ability to quickly and easily send or request money in the form of noon credits to contacts using just their mobile phone number or an email ID. Once a user allows noon Pay access to their contacts list, it’s as simple as a click to send credits. noon Pay can be accessed via the noon app.
Users simply need to click the ‘pay’ tab at the top of the screen. Users can use existing credits or add money to their credits with a debit or credit card.
News Source: Gulf Business