POK PAY
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.
- Applications
- Financial Technology
- Software Only
Funding
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.