Payza, which offers online payment services to a global audience, helps corporate clients raise the bar in e-commerce operations and other transactional systems.
The company supports 26 currencies and serves clients in over 190 countries.
Toronto Business Daily spoke with Payza CEO Firoz Patel about the company and its services.
“In Canada, Payza offers Interac deposits as an instant loading method,” Patel said. “This is a great option for Canadians for several reasons. The fees for these deposits are very low, the security is high, and the service is instant.”
Patel said certified Canadian Payza members can send money to loved ones around the world quickly, in a matter of minutes. Or they can buy bitcoin over the company’s platform, he said.
“All of this at the speed of the internet,” Patel said.
Patel also discussed a Payza card, which is a MasterCard-branded prepaid card with U.S. currency that works everywhere MasterCard is accepted and can be loaded with funds from a Payza account.
“The Payza card is great to have when travelling to the U.S. or overseas, and it gives our members more freedom when they shop online, as well,” Patel said.
Patel recently appeared at the Payments Canada Summit in Toronto, where he gave a talk titled "The Building Blocks of a Global Payments Ecosystem Driven by Innovative Payment Platforms."
“It was quite a thrill to speak at the summit,” Patel said. “I love connecting with other industry leaders, and it was a real honour to have the opportunity to share my vision of the direction that the global payments infrastructure should be taking.”
As for the future of Payza, Patel said there is a lot of focus on bitcoin integration. For instance, he said, the ability of members to hold the digital currency, send it to others and use it to pay for goods and services is a new idea that will allow them to use bitcoin in place of traditional currencies.
Payza is also working on broadening payment and funding options in different parts of the world, Patel said.
“We’ve found that customers in many countries have their own preferred domestic channels that aren't always supported by other online payment platforms,” Patel said. “We're working to incorporate these funding methods into our system, to make sure our customers can make payments using the tools they are most comfortable with.”