WoraPay, (www.worapay.com), is the payments without the queues platform founded in 2012 and specialising in helping retailers to increase sales and profit by allowing their customers to avoid the need to queue to pay. WoraPay was launched in the Baltics and quickly gained traction securing the biggest retailers as its clients. In November 2015 WoraPay launched the service in UK and has already saved hundreds of man days from queueing for thousands of Lloyds Banking Group employees. The service also increasing turnover and profit for the catering company operating within the bank buildings. WoraPay platform supports many order, shop and pay without the queue scenarios including: (i) order food and drinks to beat the queue and pick up straight away; (ii) shop and pay directly from the self-serve cabinet in the caf or the retail store and thus leave missing queue for the till; (iii) pay at the pump without the need for self-service terminals; (iv) pay at the table or order to the table at a restaurant or venue and more. Any mobile wallet (a payment app), including retailers own branded apps, can be integrated and work with the WoraPay platform. More info: www.worapay.com

PRODUCTS & SERVICES

mWallet(Bank Account), mWallet(Payment Cards) WoraPay helps retailers to significantly increase sales whilst saving time for their clients. It is achieved by allowing the retailer’s clients to order and self-checkout with their mobile and therefore avoid any queuing.

REVENUE MODEL

The company generates revenue from Service fee as low as 1.7 % based on volume

MAIN CLIENTS

Zapper

Gather & Gather

Lloyds bank

Talk Remit

mastercard

EXISTING PARTNERSHIPS

Bluefin payment system

Chase Paymentech

COMMENT

The huge differentiation factor from other pre-ordering solutions in the market is that the WoraPay platform integrates with existing mobile wallets - mobile apps that connect users mobile phones with their money and allow them to make payments with the phone.