Hakan Ozturk
MenaPay
Published in
3 min readMay 4, 2020

--

How The Consumers Can Pay You? A Brief Explanation For Lean Startups

Launching a new enterprise — whether it is a tech startup, a small business or an initiative within a large corporation — has always started with decade-old methodologies: writing business plans, pitching to investors, assembling a team, introducing the product and starting selling of the product. On average, %40 of the startups failed because of no market need. So, entrepreneurs started to choose less risky methods over traditional methods in the last few years. Eric Ries developed and declared a new methodology called ‘’lean startup’’ provides a scientific approach to creating and managing startups for getting a desired product to customers’ hands faster. Lean Startup principles are based on avoiding the unnecessary use of resources in product creation and development. The lean startup method considers experimentation to be more valuable than detailed planning.

Definition of MVP by Henrik Kniberg

Once an entrepreneur develops a product or service; having an experimentation culture, developing knowledge of what your customer values, being simple as much as possible are suggested. When a good fit is found with the product and customer expectations, revenue generation is the next and very important step for startups. In this global era, especially tech startups can easily find early adopters from all around the world and offering appropriate payment options might crucially increase the number of users. The payment stage finalises the purchase or lease of product/service and is an essential part of the customer journey, even more so in the digital age. However, being able to get payments across the world is generally considered costly. One of the most important inventions of the last century, blockchain technology has gifted cryptocurrencies which provides cheaper digital payments from all around the world.

We share the same spirit with you!

The leading blockchain based mobile payment solution and SuperApp in the MENA region, MenaPay is aware that new launched startups need to be supported in a cost effective manner. Therefore, offers a holistic payment solution to startups to get payments faster, cheaper and easier across the world. MenaPay’s unique payment solution is designed to provide appropriate payment flow and scales effortlessly as the business grows. On the other hand, MenaPay’s blockchain based infrastructure helps businesses to be able to get payments from everywhere and anytime. So, every enterprise can offer a complete customer journey by integrating MenaPay’s open payment API into their website.

MenaPay SuperApp

Blockchain technology has proven to be fast, secure and decentralized. With the combination of globalization and lean startup principles, blockchain based payment systems, like MenaPay, have the potential to increase the growth rate of savvy and result-oriented businesses. Once a business can evaluate the consumer demand, the success rate and growth rate can be managed effectively. MenaPay Business Dashboard shows the real time payment data done successfully by MenaPay users. MenaPay shares the same spirit with the entrepreneurs and offers its business solutions to grow businesses.

For more information, you can visit https://www.menapay.io or simply e-mail to info@menapay.io. You can download MenaPay Mobile App from Google Play Store, App Store veya Huawei AppGallery with the following links below:

.

IOS: https://apple.co/2kzDKRX

Android: http://bit.ly/2pg5Ovw

Huawei: https://bit.ly/2XAMje9

--

--