Via the Internet, Payza facilitates monetary transactions involving subscribers to Payza’s services; subscribers may be individuals or corporate entities. Online, individual subscribers utilize Payza in procuring goods and services; they also use Payza to remit money overseas. Utilizing Payza online, corporate entities and individual merchants issue invoices and make payments. Payza’s activities are governed by a United States licence to remit funds.
In its mission statement, Payza declares that it will provide “affordable and convenient payment methods to under-serviced markets, and connect the global marketplace with emerging economies.” In pursuit of this objective, Payza established offices in metropolises such as Dhaka, Montreal, Moscow, Mumbai, New York City and Solna. Payza operates in more than one hundred and ninety nations and deals in more than twenty international currencies. Payza’s corporate objective emanated from that company’s appreciation of the fact that many foreign workers frequently remitted funds to dependent relatives and other persons in their homelands.
Clients register for Payza’s services by completing the appropriate electronic registration form on the company’s website. On that form, clients enter data such as their electronic mailing addresses and other biographical data. Subsequent to the initial registration, clients may verify their identities. The clients’ Payza accounts are integrally linked with their email addresses. Payza’s corporate clients have the benefit of software tools that facilitate interfacing between Payza’s and the client’s websites. Additional corporate benefits include online billing, payments, shopping carts and checkout buttons.
In serving its corporate and individual clients, Payza maintains high quality standards. Security standards are reinforced by Payza’s encryption system and the company’s own Fraud Matrix monitoring system that is applied to all transactions handled by Payza.
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