17 May 2024By PAYCEC
Cash App might be a favorite mobile payment solution for many American and British users, but it is not an option in France, simply because it doesn't work anywhere other than the US and UK. There are a few reasons why it makes sense.
When entering a new market, Cash App may initially encounter a complicated set of rules that demand time and money to comply. Besides, networking and forming strong partnerships with local banks will lead to smooth entry, but doing so involves considerable investment and effort.
Another clear barrier is the competitive payment landscape. France is already saturated with mobile payment services, so there persists a challenge for newcomers to get in and succeed.
While Cash App is unavailable in France, homegrown companies like Lydia and Orange Cash are effectively taking over its job:
Lydia
Lydia is a French P2P payment app where people can send and receive money instantly from family and friends.
It separated banking capabilities into a new app named Sumeria, which carries functions like SEPA money transfers and spending tracking, helping customers manage their budgets better and earn interest.
Orange Cash
The Orange Cash app allows users to send and receive money through their mobiles anywhere, anytime, and with complete security.
Users can deposit and withdraw cash at ATMs, Orange shops, or Fawry POS. However, the only way to access this digital service is to visit the nearest Orange shop.
Before you decide which mobile payment systems to use, it is essential to work with a payment processor like PayCEC to handle transactions worldwide.
PayCEC is a payment platform that arms you with compliant, secure, contactless payment solutions for swift checkouts and chances to grow your presence in new places, including France. Deliver integrated and frictionless payment solutions that your customers deserve today.
