YuuZoo unveils global e-wallet

It is designed for developed countries with low credit card penetration.

YuuZoo Corporation Ltd. announced the launch of YuuWallet, a proprietary electronic wallet designed for use in developing markets as well as developed markets with low credit card penetration.

YuuWallet enables fast, easy and secure payments without credit cards. In addition to use for payments, YuuWallet also can be used for sending, receiving and withdrawing money worldwide. It covers the full range of payments and money transactions, from large amounts to micro-payments.

It will be fully embedded into YuuZoo's social e-commerce playform. YuuPay CEO Yoav Elgrichi said while e-commerce is booming globally, many countries still lack convenient payment solutions that can be used by entire population and not only those with credit cards.

"YuuWallet has been designed by using cutting edge technology, and offers a mobile first experience even in areas with challenging data connection," he said.

He furthered, "YuuWallet is fully integrated into the YuuZoo platform, and allows YuuZoo user a convenient way to pay. It supports large transactions as well as micropayments. It makes YuuZoo one of the few e-commerce platforms in the world that has its own embedded full payment system."