Telr, a leading payment gateway in the Middle East and North Africa (MENA) has partnered with CreditPool to launch a first-of-its-kind multi-card payment solution across the region.
Regional payments provider Telr has joined forces with CreditPool to introduce Telr Multi-Card Payments a pioneering financial feature that allows shoppers across the Middle East and North Africa to split a single online purchase across multiple cards.
Available exclusively on Telr payment pages, the innovative tool is designed to eliminate common transaction hurdles, bypass individual spending limits and transform potential payment declines into successful checkouts.
One of the leading causes of online shopping cart abandonment is insufficient funds on a single card when attempting large purchases. By enabling customers to pool funds across multiple payment cards for one transaction, the new service unlocks greater purchasing power while giving shoppers the added advantage of combining rewards and points from different cards.
For online merchants, the feature offers powerful commercial benefits by increasing sales through capturing revenue that would otherwise be lost to card spending limits, driving higher average order values by empowering customers to comfortably complete bigger purchases and reducing cart abandonment by streamlining the payment journey and minimizing declined transactions.
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Khalil Alami the Founder and CEO of Telr highlighted the significance of the partnership and the new product by stating that
“Telr continues to pioneer payment innovation, and we are extremely proud to have partnered with CreditPool to introduce such a sophisticated payment solution, marking another first in the MENA region. We are excited to launch this groundbreaking service. Telr is a fintech-forward acquirer, redefining payments through innovation and security, and a trusted growth partner for every merchant. We won’t accept anything less. It is with great pleasure that we launch this first-of-its-kind payment service as a result of our partnership with CreditPool. We are solving the number one reason for payment declines: insufficient funds, and turning declines into approvals to unlock limitless purchasing power and transform ambition into boundless success through Telr Multi-Card Payments and our full suite of services, as we continue towards a sophisticated, fully digital economy.”
Rafik Ibrahim the Co-Founder and CEO of CreditPool also added:
“At CreditPool, we believe every shopper should have the freedom to complete the purchases that matter to them, without the constraints of single-card limits. Telr’s trusted payments expertise makes them the right partner to help deliver a seamless and secure multi-card payment experience. This launch brings a new level of flexibility to the payment experience, helping merchants capture more revenue while improving the customer journey.”
Backed by the UAE Central Bank’s Retail Payment Services License, Telr provides an extensive ecosystem of e-commerce solution including social commerce, digital invoicing, Buy Now, Pay Later (BNPL) options and merchant financing.
The introduction of multi-card payments further solidifies Telr’s market position, delivering secure, flexible and future-ready technology that accelerates digital commerce growth throughout the MENA region.
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