Payze Unveils Feature-Rich Payment Platform 'Core'

The final quarter of 2023 holds special significance for the Georgian fintech startup, Payze. During this period, in addition to a series of updates, Payze is poised to introduce its new, highly scalable, sustainable, and exceptionally flexible payments platform, known as 'Core'

The system, crafted on contemporary architectural patterns, recommendations, and best practices, greatly facilitates the company's entry and expansion into various countries. This ease of international expansion stands as one of the pivotal factors contributing to the company's rapid growth.

The enhancements implemented during the process of reengineering encompass the following improvements:

• The fully digital onboarding and verification process - which has revolutionised the entire legal procedure, from registration to the very first transaction, offering users unprecedented flexibility. Customers are no longer required to visit physical locations, thereby saving valuable time and bypassing routine processes. Moreover, this enhancement has led to a threefold reduction in the company's activation time;
  
  
• New Dashboard - with an enhanced interface and expanded functionality, the users are able to effectively control their balance, transactions and operational tasks through a unified control panel. The consolidation of all products within this dashboard not only simplifies their utilisation, but also streamlines the integration process, contributing to a more user-friendly and efficient experience;
  
  
• Updated Sandbox - which serves as a testing environment, equips companies with the necessary preparation for their eventual launch in the actual operational environment, thereby significantly decreasing the likelihood of encountering errors;
  
  
• DashX - the newly improved operational dashboard designed for internal use, plays a pivotal role in automating routine tasks and expediting processing workflows;
  
  
• Enhanced security measures, fully compliant with PCI standards - Our startup ensures a fully compliant, secure payment ecosystem with the new Core platform. This includes adherence to both local and international security standards, especially in safeguarding user personal data and system monitoring, in line with PCI standards;
  
  
• Business Process Automation: The incorporation of automated cash-out via API methods establishes a stable digital environment, markedly reducing manual intervention in the process;
• Performance Enhancement of 286% - The substantial increase enables the rapid processing of large volumes of information within a significantly shortened time frame;
  
  
• The revised API documentation -  including best practices, recommendations, and direct integration guides, serve as invaluable resources for customers, enabling them to optimise outcomes efficiently and expediently;
  
  
• Integration Recipes -  These guides streamline code implementation, facilitating swift adoption of the desired service or product for developers;
  
  
• Up to 30 New Microservices: The platform has transitioned entirely from a monolithic structure to a microservices architecture, a move that significantly contributes to system stability and robustness.

The team of Payze has been diligently engaged in the development of the new Core for several months, and it is anticipated to release in September. The company remains committed to continuously enhancing its innovative product portfolio in pursuit of establishing a flawless payment ecosystem.

Payze, as the first Georgian startup to receive support from the renowned American business accelerator Y Combinator, has played a significant role in simplifying online payment processing for numerous e-commerce companies.

Since 2021, the startup has been experiencing steady growth, diligently working towards establishing an impeccable payments ecosystem. As an official partner of e-commerce industry leaders such as Wix and Shopify, the company currently extends its operations across two countries, Georgia and Uzbekistan, thereby offering global accessibility to online payment acceptance.