February 11, 2014 08:00 ET

Payza Launches Software as a Service Enterprise Solution

"Payza as a Platform" Brings Flexible and Frictionless Payment Experience to Licensed Corporations and Their Customers and Merchants Worldwide

MONTREAL, QC and LONDON, UNITED KINGDOM--(Marketwired - Feb 11, 2014) - Payza, among the world's most widely used payment platform, announced today that registered money service businesses and payment companies around the world are able to employ the newly redesigned platform in order to increase their speed to market and expand their global presence. This launch marks Payza's official entry into its strategic partnership phase that was announced at the end of 2013.

Payza as a Platform is an enterprise solution that enables corporations or entities already licensed in their operational jurisdictions the rights to use as their online payment transaction provider, fully customizable to both customer needs and local requirements. Payza as a Platform's features include:

  • Flexible funding and withdrawal
  • Instant and secure transfer and payment methods
  • Integration with major banking systems, such as EFT and ACH
  • Transactional services in 20+ currencies
  • Integration with processing for all major credit and debit cards
  • Fully automated client verification procedures
  • On-going fraud monitoring
  • Dispute resolution and chargeback management
  • Payment buttons and APIs

"We are at a pivotal juncture in developing the experience," explains Ali Nizameddine, Payza's Executive Vice President in charge of global product and technology strategy. "For the past 12 months, we have been dissecting our platform and redesigning it with only our customers in mind. Consumers want making a purchase online or sending money to loved ones to be as easy as possible. The same goes for online businesses and the daily hassles they face just to accept a payment. Our customers didn't just deserve better; they deserved the best."

Payza launched its redesigned platform in December 2013 to provide members with a highly personalized and intuitive interface with enhanced security and usability. "Money isn't social or personal. What you do with it is" continues Nizameddine. "And that's how we designed the ultimate online payment experience: safe, personal, social and painless.

"Now we are expanding that online payment experience in a software-as-a-service model to offer our platform, to companies licensed in jurisdictions not already covered," he adds. "This opens the doors to a broad member base in a fraction of the time and at a much reduced cost than it would take a company to develop its own payment platform after all regulatory and legal requirements have been met."

Payza as a Platform licensed companies have immediate access to a turnkey customer experience that includes:

  • Personalized avatars and messages for fun and security
  • Links to social media
  • An Activity Feed that provides a snapshot of all customer financial activities and profile updates

"Payza is one of the world's most global payment platforms," Nizameddine adds. "By making Payza available to licensed partner companies, we're not only instantly opening the doors to the global marketplace for them and their customers, we're also enhancing the Payza experience for our existing members by finding new ways to bring the world a little bit closer."

About Payza

Payza's payment platform specializes in e-commerce processing, corporate disbursements and remittances. Highly secure, it provides businesses, merchants and consumers with convenient and flexible solutions for sending and receiving payments worldwide. The platform offers access to payment services in both traditional and emerging markets, as well as a host of tools and services including: fraud screening, dispute resolution, currency exchange, global payouts and disbursement services. The Payza platform provides the industry's best user experience and can be tailored to local markets around the world and is available in 21 currencies. More information is available about Payza on its website,, Facebook, Twitter and on the company's blog.

Contact Information

  • Media Contacts:
    Tim Johnson
    Gary Thompson
    Email Contact
    Clarity Communications for Payza