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Malchat

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Wallet-enabled remittance solution facilitating secure payments and communication.

Overview

Malchat is a remittance solution that incorporates a digital wallet and communication platform aimed at users in Palestine. It enables activities such as shopping, negotiating, purchasing, transferring, and making instant payments through a mobile smart wallet. The platform caters to both individual users and merchants, facilitating transactions via unique QR codes for immediate fund transfers. Its key services include cash deposits and withdrawals, bill payments, mobile credit top-ups, and the provision of wallets for users under 16 years old. Malchat aims to address the demand for secure electronic payments, potentially improving transaction efficiency and minimizing cash handling risks for merchants, while also offering transaction reports for enhanced financial management.

Key facts

Founded
2019
Sector
Payments

Business model

Contact

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About Malchat

What does Malchat do?

Malchat is a remittance solution that incorporates a digital wallet and communication platform aimed at users in Palestine.

Where is Malchat headquartered?

Malchat is headquartered in Ramallah, Palestine.

When was Malchat founded?

Malchat was founded in 2019.

Which sector is Malchat in?

Malchat operates in Payments, part of Financial Technology.

Who are Malchat's competitors?

Companies similar to Malchat include FastSend, Payngoo, and Aidapay.