POKPAY offers a payment platform focused on speed and affordability for its users. The service aims to provide faster and cheaper transactions compared to traditional financial institutions.
Funding
Funding not disclosed
Founders
Product
Problem
Traditional payment methods in Albania often involve high fees and slow transaction times, creating friction for both consumers and businesses. Existing e-commerce platforms may lack seamless integration with local payment systems, hindering online sales and overall financial inclusion.
Solution
POKPAY offers a digital payment platform designed to facilitate fast and affordable transactions for users in Albania. The platform provides a mobile application for sending and receiving money, paying utility bills, and making purchases at participating merchants via QR code scanning. POKPAY also offers a payment gateway solution for e-commerce businesses, including plugins for popular platforms like WooCommerce and Prestashop, enabling them to accept online payments. Furthermore, the platform provides a "Pay by Link" feature for businesses without e-commerce websites to easily generate payment links for their customers.
Target Audience
POKPAY targets individual consumers in Albania seeking a convenient and cost-effective way to manage their finances and make payments, as well as small and medium-sized businesses looking to accept digital payments both online and in-person.
Features
- Mobile application for iOS and Android, enabling users to send/receive money, pay bills, and scan to pay.
- QR code payment functionality for in-person transactions at supported merchants.
- Payment gateway with REST API, WooCommerce, and Prestashop plugins for e-commerce integration.
- "Pay by Link" feature for generating payment links for businesses without e-commerce sites.
- Digital and physical VISA cards (Classic, Rewards, Infinite) for online and offline spending.
- Fee-free transfers within the POKPAY platform.
- Utility bill payment functionality within the app.