PAYYAP.network

paymentsp2p payments

FOUNDING YEAR: 2016
LOCATION: United States
Last Update: 01/05/2020

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About

PAYYAP is the easiest way (for merchants) to get paid -- via "app".

MEDICI Analysis

Payyapis an easiest way of online payment platform. The platform helps to pay quickly, easily and safely through simple phone.

Focus

PRODUCTS & SERVICES

Real-Time (Voice Biometrically Driven), PCI-Compliant Merchant Billing (AMEX, MasterCard, VISA, etc.) -- via "App". (worldwide exclusive)

REVENUE MODEL

Standard "Payment Service" Model (fee per transaction)

PRIMARY PROBLEM SOLVED

PAYYAP delivers a 100% PCI-compliant, real-time merchant billing solution -- where a merchant can initiate and collect a payment from a remote customer in real-time. (This framework and service does not exist in the market place today.)

INTELLECTUAL PROPERTY

Patent(s) NOT_FILED

company provided insights

Traction

REVENUE

$0 - $99k

REVENUE COMMENT:

For the first time and only in history, PAYYAP delivers a PCI-compliant AMEX, MasterCard, VISA payments in real-time payment channel -- via "app".

NUMBER OF TRANSACTIONS:

100.00

TRANSACTIONS VALUE:

8.9 K

TRANSACTIONS COMMENT:

PAYYAP represents a 5th channel for payments. The channel secures real-time payment authorization, and maintains built-in PCI-compliance. (No other channel facilitates these two pillars of payments.)

ACTIVE USERS:

500

ACTIVE USERS COMMENT:

PAYYAP -- The Payments App™ is operating under "live, public beta". Apps are available to the general public via Amazon, Apple and Google app stores. PAYYAP account applications are processed / activated and available for live bank card processing within 72 hours.

People

BOARD MEMBERS AND ADVISORS

NSDB PTY LTD

NUMBER OF EMPLOYEES

1-10

KEY EMPLOYEES:

Peter Malliaras

M. Shahid Ullah

COMMENT:

We are a multi-national team of three. One American. One Australian. One Bangladeshi. Together (with the dedicated support of our families), we are are very excited,humbled to be delivering a merchant-driven, pci-compliant, real-time payment channel to the world - a "5th payment channel" - for the first time in history.

Momentum

FUNDED

NO

LISTED

NO

For Investors

FUNDING NEEDED:

$3.5 M

USES OF FUNDS RAISED:

1. 75% Advertising

2. 1% Office

3. 1% Professional Services

4. 2% Laptops & Benefits

5. 21% Personnel

EXIT STRATEGY

Private sale or IPO within 36 months.

MONTHS LEFT WITH CURRENT CASH BURN RATE:

2 months from 2 Apr, 2017

COMPETITORS:

Chase

Innovation Programs

BASICS

FOUNDING YEAR:

2016

LOCATION:

United States

Views:

184 VISITORS | 416 VIEWS

About

PAYYAP is the easiest way (for merchants) to get paid -- via "app".

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

MEDICI Analysis

Payyapis an easiest way of online payment platform. The platform helps to pay quickly, easily and safely through simple phone.

Focus+
Momentum+
Traction+
People+
For Investors+
Other+

Innovation Programs

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PAYYAP.network

About

PAYYAP is the easiest way (for merchants) to get paid -- via "app".

Focus

PRODUCTS & SERVICES

Real-Time (Voice Biometrically Driven), PCI-Compliant Merchant Billing (AMEX, MasterCard, VISA, etc.) -- via "App". (worldwide exclusive)

REVENUE MODEL

Standard "Payment Service" Model (fee per transaction)

TOP PROBLEM SOLVED

PAYYAP delivers a 100% PCI-compliant, real-time merchant billing solution -- where a merchant can initiate and collect a payment from a remote customer in real-time. (This framework and service does not exist in the market place today.)

PRODUCT DEVELOPMENT STAGE

COMMERCIAL LAUNCH

PRODUCT DEVELOPMENT COMMENT

PAYYAP.network solutions appeal to the entire merchant processing industry -- with products targeting the following pillars: • PAYYAP - The Payments App™ (for "mobile" merchants) • PAYYAP for e-Business (for "web" merchants) • PAYYAP SaaS (hosted co-branding for ISO's gateways and merchant banks) • Whitelabel PAYYAP (dedicated & local whitelabel servers for ISOs, gateways and merchant banks)

KEY DIFFERENTIATORS

Industry Jargon: PAYYAP is the first and only suite of merchant services delivering PCI-compliant, merchant-driven "billing" in real-time (a.k.a., "5th channel" payments).

PRIMARY CUSTOMER TYPE

Enterprise - Banks or Financial Institutions

Enterprise - Retailers

Enterprise - Others

Small and Medium Business - Physical Retail

Small and Medium Business - Online Retail

Small And Medium Business - Other

PRODUCT ATTRIBUTES

SaaS

On-premises

White label

Back Office

Customer facing

STRATEGIC CLIENTS AND PARTNERSHIP

Total System Services, Inc. : TSYS provides risk mitigation, merchant account underwriting, bank card acquiring (currently limited to North American merchants), and remittance (payments to merchant bank accounts).

IBM Corporation : IBM provides core voice biometric (SIV) technology that secures PAYYAP payments.

People

NUMBER OF EMPLOYEES

1-10

KEY EMPLOYEES:

CEO: Shea Writer

CTO: Shea Writer

Customer & Merchant Support: Peter Malliaras

Sr. Framework Engineer: M. Shahid Ullah

TEAM COMMENT:

We are a multi-national team of three. One American. One Australian. One Bangladeshi. Together (with the dedicated support of our families), we are are very excited,humbled to be delivering a merchant-driven, pci-compliant, real-time payment channel to the world - a "5th payment channel" - for the first time in history.

BOARD MEMBERS AND ADVISORS:

NSDB PTY LTD

Momentum

FUNDED

NO

TOTAL FUNDING:

$375 K

FUNDING COMPLETED

NO

LISTED

NO

FUNDING SERIES
Seed Nov 2016 --- USD375 K at a USD1 Mvaluation Comment on Seed "Seed" investment (in the form of IP) from NSDB. "Start-up" investment (in the form of cash) from MALLIPOT

Comment on Valuation

Based on cash investment from MALLIPOT NSDB PTY LTD (AUS) MALLIPOT PTY PTD (AUS)