Target audience: nations.
PayServices enables countries to increase their treasury revenues while elevating the living standards of the population; lowering the barrier of entry for small to medium businesses to join the global economy.
Learn MoreGlobal trade refers to the exchange of goods, services, and capital across international borders. It involves the movement of products and services from one country to another through a variety of channels such as exports, imports, and foreign direct investment.
PayServices offers a fintech solution through its ecosystem for your organization to join the global economy with low barriers of entry while using the GRC (Governance, Risk Management, and Compliance) best practices. In other words, with PayServices any SME (Small to Medium Enterprise) will enjoy benefits that traditionally only large organizations can afford.
PayServices’ ecosystem is designed to support nations, financial institutions, corporations and individuals.
We are a technology company regulated as a financial institution with its own financial institution licenses. This unique relationship allows us to bring the best of both worlds under one company: PayServices.
Today's global trade environment carries a lot of barriers, especially for small to medium businesses, because there is no connection between the wallet and the operations.
In other words: there is a lack of standardization and digitalization of trade and compliance related data. As a result, in today's silo environment, transactions take an enormous amount of time to complete because the parties along the supply chain must constantly resubmit the same information.
This manner of working allows for mistakes and/or manipulations of information.
by linking the wallet to the operations.
Currently the banks only know some information about one end of the transaction - their account holder. Global trade relies on trustability and the banks to enable the transactions to complete.
The lack of visibility from the bank's perspective limits or delays the trust because of the lack of relationship with the financial institution. PayServices brings a platform that unites all parties to enable an instant relationship based on standardized granular data that can be verified.
Similar to SWIFT's model, nations are not buying a product, they are joining a global network.
PayServices only focuses on nations that are ready, willing and able to provide their full institutional support to implement PayServices' platform. There is no investment requirement because PayServices' model allows for an affordable and competitive convenience fee paid by the merchants to cover the operational expenses when they collect receivables, similar to a credit card.
The platform, due to its unique model, is not competing with existing financial institutions and/or freight forwarders in the market. On the contrary, the platform facilitates and helps expedite the processing, accuracy, standardization and compliance of the transactions. The system is easy to join by all involved parties.
based on the true value of the goods, and not solely on the self-reported invoice value.
The most basic and oversimplified example of a misreporting is a merchant selling for 100,000 but only declaring 40,000. The government only has visibility on the 40,000. With the PayServices platform, the government views the full amount as a result of the technology that allows to attach the full documentation, including the invoice, to the actual monetary transactions on both ends internationally (buyer and seller full transparency whereas today, the customs only see one end).
Additionally: PayServices' Artificial Intelligence (AI) technology continuously works behind the scenes to compare values and identify inaccuracies or discrepancies that will set off an alarm for further inspections.
Technology companies and financial institutions are typically lacking the synergies required for granular integration. This has resulted in every party across a supply chain to operate systems in silos. PayServices has developed an ecosystem bringing synergies between technology and the financial institutions. Banks only see the payment. When looking at a bank statement, all it shows is that money left the account. There is no further details as to the what, who, where, how, when, why.
PayServices developed a unique system that provides the granularity and visibility that is necessary to standardize and provide trustability for the transactions. Moreover, for the accurate and timely collection of the tariffs due via a split-billing technology that allows to seamlessly collect and deposit in realtime to the assigned accounts.
because our business model is specific to payments in global trade.
Traditionally, banks are lenders. This means that banks use the deposits of their customers to lend those and invest them in financial products. PayServices has a unique model where it generates income to cover its operational expenses only from a reasonable convenience fee for the service that is collected at the time of payment, similarly to the tariffs. If the transaction does not go through, neither will the convenience fee be charged and there is no cost to maintaining or having an account.
As a financial institution, PayServices does not touch the deposits of its customers but only transmit them between parties based on terms and conditions set by the parties involved. This unique business model allows for a very secure environment where 100% of deposits within the platform are always available for withdrawal in realtime.
PayServices allows countries to automatically set a proportion of their added tariffs collected to be assigned to a designated fund with the sole purpose to invest in the environment. For example: forestry, oceans, welfare, infrastructure projects, etc.
based on self-reported numbers from the World Bank & other international institutions once that those countries implement PayServices' platform.
per year
Benin
per year
Bolivia
per year
Brazil
per year
Burkina Faso
per year
Côte d'Ivoire
per year
DRC
per year
Ecuador
per year
El Salvador
per year
Ghana
per year
Mozambique
per year
Namibia
per year
Nigeria
per year
Peru
per year
Spain
per year
Zambia
per year
Zimbabwe
*The numbers have to be considered as a relation of the size of the economy. They are proportional. A lower number does not mean that the country is doing better than others.
