payments . software/whitelabel/apis-payments . p2p payments
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PayKey is a mobile app that enables users to make payments to their friends through the social media channels. The app can be linked to a bank account, and then the user can transfer money to his/her contact lists on social media directly from the keyboard.
How PayKey has Flipped the Script on Social Banking Solutions
PayKey is a mobile app that enables users to make payments to their friends through the social media channels. The app can be linked to a bank account, and then the user can transfer money to his/her contact lists on social media directly from the keyboard.
Paykey: It is an online payment technology platform helps to bridge the gap between bank users and social networks. It enables bank customers to make payments on all social networks and messaging apps, such as facebook messenger, WhatsApp and twitter. It integrates with the mobile banking application, enabling users to initiate and complete the transaction without having to leave the social interaction and switch to a different app. This solution integrates on the API level and retains the bank authentication method without compromising the security level.
The company follows transaction-based revenue model.
Mastercard
Westpac
BBVA
Nationwide
Garanti
Santander
Sparebank
UOB
Davivienda
Intesa Sanpaolo
Leumi
Millennials spend most of their time online and in Social Networks. However, today, in order to make a P2P transfer to a friend or a family member they need to leave the social conversation and use their bank application or a dedicated electronic wallet solution. Banks are constantly searching for innovative solutions that will appeal to the lifestyle and needs of the Millennials.
PayKey’s technology helps to bridge the gap between bank users and social networks. It enables bank customers to seamlessly make instant and secure payments on all social networks and messaging apps, such as facebook messenger, WhatsApp and twitter.
For Profit
The company generates approx revenue of 90 k(2017).
Offer Markovich
Daniel Peled
Offer Markovich
11-50
Microsoft Accelerator Tel Aviv
Daniel Peled (CEO); Offer Markovich (CTO); Omer Paz (COO); Guy Talmi (CMO)
YES
5
$26.4 M
Nov 2017
Private
$1M to $10M
$400 K
Jan 2015
SERIES A · $6 M · Nov 2016
SERIES B · $10 M · Jun 2017
OTHERS · $10 M · Nov 2017
NO
An undisclosed non equity fund raised(June 2016).
2,555
1,629.13
34.79%
182
97.16%
2.55
45.56%
60.16%
-17.64%
3,425,781
-3,145,788
-47.87%
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PayKey is a mobile app that enables users to make payments to their friends through the social media channels. The app can be linked to a bank account, and then the user can transfer money to his/her contact lists on social media directly from the keyboard.
How PayKey has Flipped the Script on Social Banking Solutions
PayKey enables banks to provide their users with peer-to-peer payment options just when they are needed most - when they are engaged in social interactions. Initiating a payment transaction right from the social app keeps the payment experience intuitive, contextual and simple without needing to share the details of the recipient's bank account. Users enjoy instantaneous money transfer capabilities while chatting with friends and family members on any social messaging platform such as Facebook’s Messenger, WhatsApp and Twitter. At the core of PayKey's solution is the patent pending Mobile Payment Keyboard™. This unique keyboard seamlessly integrates with the mobile banking application, enabling users to initiate and complete the transaction without having to leave the social interaction and switch to a different app. PayKey's white label solution easily integrates on the API level and retains the bank authentication method without compromising the security level.
Millennials spend most of their time online and in Social Networks. However, today, in order to make a P2P transfer to a friend or a family member they need to leave the social conversation and use their bank application or a dedicated electronic wallet solution. Banks are constantly searching for innovative solutions that will appeal to the lifestyle and needs of the Millennials.
MARKET TRIAL
11-50
YES
NO
NO