PayAll Payment Systems

Payall Payment Systems, established in 2018, offers a robust platform designed to streamline cross-border payments. The platform automates risk, compliance, and operational tasks, catering to financial institutions, central banks, and payment networks. Payall’s mission is to become the leading technology and service provider for cross-border payments, enabling global, safe, and efficient money transfers. The company raised $10 million in a seed round led by Andreessen Horowitz in mid-2022. Payall’s platform supports various payment methods, including bank accounts, mobile money, digital accounts, cash pickup, and prepaid debit cards. It integrates with Mastercard Cross-Border Services and offers features like payment orchestration, end-to-end process automation, and real-time transaction monitoring. The platform also includes compliance tools such as Know Your Customer (KYC), Know Your Transaction (KYT), and Know Your Customers’ Customers (KYCC). Payall’s XB Universal Payment Account is a flexible utility for high-volume payers, and the platform supports inclusive payment options for unbanked recipients. With a business-friendly API and Excel upload capabilities, Payall facilitates high-volume mass payments. The platform is backward compatible with any system and offers a lightweight technical integration for quick deployment. Payall’s vision is to empower financial institutions to move money globally with security and efficiency, supported by features like XB ID Tokenization, XB Global Directory Service, XB Smart Payment Routing, and XB Secure Funding. The platform also includes XB Foreign Exchange and Global Liquidity for efficient currency trading, XB Last-Mile Switching and Delivery for diverse payout options, and XB Compliance Connector for seamless integration with compliance providers. Payall’s comprehensive suite of tools ensures continuous customer verification, pre-transaction compliance checks, and lawful data sharing, making it a versatile solution for cross-border payment needs.