Recently, Klickl, the leading Web3 fintech platform in the Middle East and Africa, announced that it has signed a Memorandum of Understanding (MOU) with the global leading event management technology company SOLAAX. The two parties will jointly launch the world's first seamless international payment and cryptocurrency payment solution, aiming to provide SOLAAX platform customers with a more convenient payment experience.
The service will be first launched through Klickl's compliant institutions in Europe and Canada, and plans to gradually expand to other regions such as the Middle East and North Africa (MENA) after obtaining relevant regulatory approvals.
Reshaping the Global Entertainment Industry Payment Ecosystem
Through the cooperation, SOLAAX will fully integrate Klickl's payment gateway and digital wallet system, enabling event venues and attendees around the world to transact using both traditional currencies and cryptocurrencies. This strategic move further strengthens SOLAAX's commitment to providing seamless, borderless experiences for various events, and also reflects Klickl's mission to provide global users with barrier-free access to cryptocurrencies.
Majd Aburas, CEO of SOLAAX, said: "This cooperation marks a significant improvement in the flexibility and accessibility of event payments. By integrating Klickl's payment and wallet technology, we will be able to provide more payment options, including cryptocurrency payments, for events and venues, and better retain customers through a tokenized loyalty system."
As a secure and compliant infrastructure provider, Klickl ensures the smooth execution of transactions and bridges the gap between traditional finance and digital assets.
Michael Zhao, Global CEO of Klickl, said: "Our collaboration with SOLAAX will bring Web3 finance into the entertainment industry, realizing seamless global payments between cryptocurrencies and fiat currencies. Working together, we are redefining event payment transactions, providing secure, compliant and borderless solutions."
Klickl Solution: Building an Efficient, Secure and Compliant Fund Flow System
Headquartered in the United Arab Emirates, Klickl is the leading Web3 open finance platform in the Middle East and Africa (MEA) region. It provides services including digital wallets (Klickl4U), institutional accounts (KlicklONE), payments (KlicklPay), cryptocurrency trading (Klickl Exchange), stablecoin solutions and custodial services, helping users seamlessly access the Web3 economy.
Klickl's payment gateway, by integrating blockchain technology and fiat payment capabilities, can provide SOLAAX with efficient and secure fund flow services.
l Multi-currency coverage, breaking geographical restrictions: Leveraging Klickl's payment system, global event organizers can simultaneously receive payments in 50+ major fiat currencies and major cryptocurrencies (BTC, ETH, USDT, etc.), fully covering key markets in the Middle East, Africa, Europe and Asia.
l Real-time settlement, improved fund efficiency: Klickl's blockchain technology can effectively improve cross-border payment settlement efficiency, reduce payment fees, and solve the pain points of long cross-border collection cycles and high exchange rate losses in traditional entertainment events.
l Compliant seamless integration: Klickl's payment system is equipped with an AI-driven smart compliance engine, which can real-time verify the KYC information of both parties to the transaction and automatically generate audit reports that comply with the UAE AML/CTF regulations and the EU MiCA framework, ensuring that events always meet local compliance requirements.
Meanwhile, the integration of the Klickl 4U digital wallet system has built a user-centric operational infrastructure for SOLAAX. Through the multi-currency account of the Klickl wallet, users can manage their fiat accounts, digital accounts, and global accounts in one place, and enjoy a seamless digital finance experience such as quick token purchase, token-to-token swap, spot trading, internal transfers, and wealth management and consumption.
This cooperation is not only Klickl's strategic layout in the Web3 and cryptocurrency payment field, but also an important step for Klickl in promoting global cryptocurrency access and facilitating the integration of traditional finance and digital assets. In the future, Klickl will continue to strive to provide global users with innovative, convenient and secure digital asset services, and continuously promote industry development.
About SOLAAX
SOLAAX is a leading AI-driven, experience-centric, data-driven event and venue management solution provider. SOLAAX provides the most advanced technological support for corporate and commercial events, with headquarters in the Netherlands and operational centers in the United Arab Emirates and Saudi Arabia.
SOLAAX has achieved remarkable achievements in just two years, becoming the preferred platform for large-scale global events. Relying on its advanced digital transformation strategy, SOLAAX continues to drive the transformation of the event industry, emphasizing the importance of data analysis and AI-driven decision-making, and providing organizers and attendees with a seamless and efficient event experience.
