- ZoodMall’s ‘BNPL’ solution currently available to customers in Uzbekistan, Kazakhstan, Iraq, Jordan, Saudi Arabia, and Kuwait, soon expanding services to offline merchants
- ZoodPay offers interest-free payment for online shopping with a simple installment plan of three equal payments, or payment in 14 days after delivery
OrientSwiss SA, the company that operates ZoodMall, a successful mobile-only B2C cross-border marketplace serving Silk Road countries in Central Asia and the Middle East, on Tuesday, announced the appointment of Martin Muransky as CEO of its subsidiary, ZoodPay.
Launched last month, Zoodpay, a ‘Buy Now, Pay Later’ fintech company, offers a seamless deferred payment solution allowing customers to make interest free payments for their ZoodMall online shopping orders with a simple installment plan of three equal payments of 0, 30, or 60 days, or payment in 14 days after delivery.
ZoodPay is currently available to ZoodMall customers in Uzbekistan, Kazakhstan, Iraq, Jordan, Saudi Arabia, and Kuwait as its first step, and will soon be expanding to other e-commerce offline merchants.
Martin Muransky is one of the original co-founders of OrientSwiss SA and has rejoined the group to head up ZoodPay. He is a senior executive with 25 years of experience in the financial services industry, has spent most of his past career in the banking sector on risk management assignments in several locations for companies including GE Capital, Raiffeisen Bank International, Sberbank, and most recently, 4finance, one of Europe’s largest digital consumer lending groups.
Speaking of the development, Michael Khoi, CEO of ZoodMall and Chairman of ZoodPay, in a press statement, commented,
“I am delighted to have Martin back with us. With his knowledge and extensive background in managing consumer credit risk covering loan portfolios from hundreds of millions to several billions of dollars, he is the perfect choice to bring the right mix of acumen and experience to further develop ZoodPay as a dominant market player in ‘Buy Now, Pay Later’ within our target countries. With his insightful leadership, ZoodPay will become a payment solution of choice for the largely unbanked population across the Silk Road region.”
Available on Android and iOS, the ZoodMall shopping app provides access to more than 4 million local and cross-border products from 30,000 sellers. ZoodMall offers its app in numerous languages with multiple payments and logistics options, creating an efficient and positive customer experience for the mobile-ready population it targets.
In June 2020, ZoodMall raised $10 million in Series A round from various undisclosed investors.