CPA Launches CPAzonepay for International Online Payments

In Short

Crédit Populaire d’Algérie (CPA) has launched CPAzonepay, a new online payment service for international transactions.

It lets the bank’s commercial customers accept payments made from abroad using international cards, Visa and Mastercard, issued by foreign banks.

What Happened: How CPAzonepay Works For Algerian Merchants

CPA says CPAzonepay is aimed at Algerian merchants and businesses that run an e-commerce website.

The bank said the service is part of its efforts to support its digital transformation and to support professional customers.

Through CPAzonepay, CPA said it wants to help merchants and businesses digitise their payment services and grow their commercial activity by enabling them to sell products and services to international customers.

CPA said the service is targeted at companies in tourism, hospitality, and air transport. It also includes exporting SMEs, and companies in health, telecoms, education, online training, and handicrafts.

Why It Matters: More Ways To Collect Money From Abroad

CPA said the service offers “opening to international markets” by accepting payments made from abroad.

It also said CPAzonepay can help broaden a merchant’s customer base by reaching international customers in addition to local ones.

CPA added that the service provides simplified payment management, and that transactions are reliable and secure.

In its statement, CPA said the launch reaffirms its commitment to its digital transformation strategy and that CPAzonepay contributes to expanding national services and products in international markets.