Yellow’s voucher service allows its customers to purchase vouchers as “tickets” on eventtus.com with credit cards (Visa, MasterCard), PayFort and Vodafone point-of-sale machines.
As the Egypt’s credit card penetration rate is below 2% and only 10% of the country’s population holds bank accounts, Bitcoin vouchers may not be enough to increase the liquidity of bitcoin in the nation.
According to Yellow, 70% of the 15 countries in the Middle East are either unbanked or have poor payment system infrastructures. Moreover, merchants usually pay around 5% in transaction and processing fees. Wamda also reports that only 10% of the country’s population holds bank accounts and less than 2% of the population has credit cards.
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