Menapay is one of the interesting & promising ico of this year.
Basically, menapay is payment gateway by which it is going to replace old payment methods by a blockchain-based fully backed cryptocurrency Which will be based on ERC-20 smart contract. Here is the image of how old payment system works.
According to their telegram channel chat (https://t.me/MenaPay) they are developing their own chain called as Menachain for faster transaction. As you know last month the transfer fees of ERC-20 TOKENS (Gas fees) was skyrocketing. This could be a good move for the future.
Menapay project started in Nov. 2017 their aim is to use it as a payment gateway in the middle east & Africa. But, in this regions due to the old banking system & conservative practice of Islam the region has multiple currencies. Well here menapay brigs the solution to this problem with the help of blockchain technology.
For more informaltion: @Menapayio @bathu89
https://www.menapay.io/