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IBS Journal August 2017


43


The growing team at PayKey, one of the top 50 European fintechs, boasts many awards, including the Temenos Innovation Jam


we face now is to see more and more users onboard our solution... we want to see high conversion and usage rates





transfer capabilities while chatting with friends and family. No need to open a dedicated app in order to transfer money – one payment button supports all apps!


The payment experience is intuitive and quick without the need to type in the recipient’s bank account details.


PayKey is being integrated with banking apps. With PayKey, banks can regain P2P transactions that are now lost to digital wallets and dedicated solutions. Implementation of PayKey helps to position any bank as an innovation leader and first to market with social payments. It also serves as a strategic driver for promoting mobile banking services and increasing Millennial retention.


What was your smartest move? Many fintechs are trying to bring their innovation by creating


www.ibsintelligence.com The biggest challenge


an offering that competes with the current leading financial institutions. At PayKey, we have identified the opportunity to work with the banks and bring our innovation to the market by partnering with the most trusted players.


Where did things get tough – what was your biggest setback?


Our technology development and integration with banks went smoothly. The biggest challenge we face now is to see more and more users onboard our solution. This is more of a marketing challenge of the banks, but as the technology provider – we also want to see high conversion and usage rates.


Where do you want to be in five years’ time?


At PayKey we are looking to be the partner of choice of every bank and financial institution in the world. Our goal is to leverage our existing relations and trust from the banks and bring additional financial services into the social world.


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