About

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.

Focus

PRODUCTS & SERVICES

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.

REVENUE MODEL

The company follows transaction-based revenue model.

MAIN CLIENTS

Mastercard

Westpac

BBVA

Nationwide

Garanti

Santander

Sparebank

UOB

Davivienda

Intesa Sanpaolo

Leumi

PRIMARY PROBLEM SOLVED

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.

COMMENT

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.