The Payza platform allows for online payments to be processed and funds to be transferred via the internet between users who have registered for the service (Payza members). For personal users, it is a method for transferring money internationally and a platform for the purchase of goods and services online. For merchants, Payza is an online business management tool which they can use to process payments, issue invoices and make payouts.

Payza is a money transmitter agent with offices in London, New York City, Montreal, Mumbai, Dhaka, Moscow, and Stockholm.

Payza’s suite of ecommerce payment solutions are available in the form of Saas, or Software as a Service. This enables corporations or entities already licensed in their operational jurisdictions the rights to use Payza.com as their online payment transaction provider, customizable to both customer needs and local requirements.

History

MH Pillars Ltd, a UK-based advanced payments consultancy, acquired the strategic assets of AlertPay (Alert Services Inc., CANADA) and launched the Payza.com platform in May 2012. In July 2012, the company announced that Alastair Graham would become the new Chief Executive Officer for Payza, a new position for the company.

Services

Payza supports sending and receiving payments in 190+ countries in 20+ currencies. Individual customers can open an account with Payza through registering their email address and personal data on the company’s website. Completing an optional identity verification process allows the sending/receiving of higher-value payments, though it is obligatory for all transactions in some parts of the world. Accounts are identified by email address(es) associated with them; payments made from a Payza account are like “sending” money to an email address.

For businesses, Payza provides several business management tools such as checkout buttons, shopping carts, support for invoicing and payouts, and tools for developers to integrate Payza with their websites.

General services

  • Remittances to/from 190+ countries
  • Electronic invoicing
  • Credit card payment processing
  • Prepaid cards
  • Currency exchange
  • Business management tools
  • APIs and other developer tools

Fees

There are no fees when sending money. Fees are applied when money is received or payments processed, and will vary based on the account type.

Awards

Paybefore Awards, Outstanding Newcomer in Prepaid/Emerging Payments (2013).

Executive Vice-President Firoz Patel was nominated for the Ernst & Young Entrepreneur of the Year Award in 2010 and 2011 for AlertPay. In 2012, he was nominated and advanced to the Finals because of the instrumental role he played in the successful acquisition of AlertPay assets by MH Pillars, which subsequently launched Payza.com.