PAYMEY

Paymey operates as a developer of payment solutions, with a notable presence in Tashkent, Uzbekistan, where it was founded in 2011. The company was acquired on May 23, 2023, and now operates as a subsidiary of TBC Bank Group.

The firm provides a range of financial services through its platform, catering to both individual consumers and businesses. For individuals, Paymey offers a mobile application that facilitates peer-to-peer transfers, utility payments, and loan repayments. The app includes features like QR-based payments, management of multiple cards in one place, and even offline payment capabilities for mobile top-ups. A key offering is the Payme Card, an electronic wallet that allows users to make payments for goods and services.

For business clients, the company provides solutions for accepting payments and offers a marketplace for loans from various Uzbek banks. Its business model centers on acting as a payment service provider, which typically involves earning revenue through fees on each transaction processed. The platform is designed to handle payments for a variety of services, including government and utility bills, internet providers, insurance, and more.

Paymey's technology enables users to monitor their payment history, plan budgets, and categorize expenses. Security is a noted feature, with the ability for users to block their cards directly from the app in case of loss or theft. For the service to function, users' plastic cards must have SMS-informing enabled from their respective banks.

Keywords: payment solutions, mobile payments, Uzbekistan financial technology, peer-to-peer transfers, QR code payments, utility bill payments, loan repayment platform, electronic wallet, TBC Bank Group, online payments, financial software, Tashkent startup, mobile commerce, payment processing, digital wallet, Payme Card