Encore Pay is a FinTech company based in the UAE that offers secure transaction processing and digital wallet technology for cross-border payments. The platform enables businesses to execute transactions quickly and at lower costs, addressing the inefficiencies and high fees associated with traditional payment methods.
Funding
$1.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Traditional cross-border payment methods often involve high fees and slow transaction times, creating inefficiencies for businesses, financial institutions, and their customers. These legacy systems lack the agility to adapt to the evolving needs of the digital economy, particularly in emerging markets.
Solution
Encore Pay offers a platform, PAYdirect, that enables financial institutions and businesses to provide digital payment services across multiple channels. The platform facilitates the setup, management, and scaling of financial services, including neo-banking, mobile money, agency banking, and merchant payments. PAYdirect streamlines digital customer onboarding with multi-channel KYC capabilities and supports kiosk-based payments for a variety of services. By offering both on-premises and cloud deployment options, Encore Pay provides a customizable solution that integrates with existing systems and adapts to specific business models.
Target Audience
Encore Pay primarily serves financial institutions, fintech companies, system integrators, and businesses seeking to offer digital payment solutions to their customers, particularly in emerging markets.
Features
- Multi-channel support for web, mobile, and kiosk-based payment services
- Digital customer onboarding with integrated KYC/AML compliance
- Agent network management for expanding reach in underserved communities
- Merchant payment solutions supporting cash, QR codes, wallets, and biometric authentication
- Real-time transaction monitoring and reporting
- Customizable user interfaces and workflows
- On-premises and cloud deployment options
- API integration with existing financial systems