Aleta Planet unveils digital payment app for Muslim merchants

It offers no transaction fees for 24 months and cashbacks for merchants.

Singapore fintech Aleta Planet has launched MPLUS Aleta, a digital payment app for the financial needs of Muslim communities across Southeast Asia.

Muslim merchants using the app will not have to pay transaction fees for 24 months. MPLUS Aleta has also announced a cashback program.

Consumers can now download the app and scan a dedicated MPLUS Aleta QR code to pay merchants.

Users will also be able to access a one-stop shop and community of Muslim merchants and enterprises who cater to particular needs of the Muslim  community.  

MPLUS Aleta utilises QR payment technology and leverages AP’s proprietary network,  creating a closed-loop payment ecosystem. Transactions are processed entirely within AP’s own infrastructure.

AP said that it is looking to deploy the app to other Muslim communities across Southeast Asia,  particularly Indonesia and Malaysia later in the year.