Mpayy
Founded Year
2007Stage
Unattributed | DeadAbout Mpayy
Mpayy is a multi-channel payment processing system serving individuals, small businesses, ecommerce retailers, charities and political parties through its various accounts. Mpayy provides for secure pay ment processing from members checking accounts and prov ides cash back incentives to shoppers who use the service.
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Expert Collections containing Mpayy
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Mpayy is included in 2 Expert Collections, including SMB Fintech.
SMB Fintech
1,586 items
Fintech
8,123 items
Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.
Latest Mpayy News
Feb 3, 2011
This post was republished from Rackspace’s Building43. The world of payments is changing, but not without a fight. In the future you won’t pull out your Visa or MasterCard; instead, you’ll pull out your cellphone or a card you can swipe on a sensor. One company making that future a reality is mPayy. So why can’t we pay our bills via our phones yet? Why does everything still involve our credit cards? "It’s a business model issue,â says Conrad Sheehan, founder, president and CEO of mPayy, an alternative electronic payment system. "We see the mobile carrier as being an emergent dominant relationship you have in your life. But 'business model’ is sometimes code for 'who’s going to make money?’ In the world of payments, it’s a fixed pie. Something has to give. There’s a world of issuing banks, a world of acquiring banks, and then there’s Visa, MasterCard, Amex, Discover in the middle: the three-person party. How do you get a wireless carrier in there? Then, by extension, the OEM-the phone manufacturer? They’ve got to make money in order for this to work.â Amid these major forces, mPayy’s strategy is to "come in at a right angleâ: building software for a payment system focusing on purchases too small to pay with plastic, or utility bills, where you might have to pay extra to use a credit card. In Sheehan’s view, the current design of credit cards is something we’d change completely, if we could have a do-over. "They were built for an offline, mechanical world. That’s why the numbers are raised: the financial data is sitting right on the card. You could be blind and still get it. This hasn’t changed one bit, in light of the ubiquitous world of the internet: it’s still the same exact product. If you were to do a new one, you would never put sensitive financial data in plain text on a card.â More info: mPayy web site: https://www.mpayy.com/ mPayy on Twitter: http://www.twitter.com/mpayy mPayy profile on CrunchBase: http://www.crunchbase.com/company/mpayy
Mpayy Frequently Asked Questions (FAQ)
When was Mpayy founded?
Mpayy was founded in 2007.
Where is Mpayy's headquarters?
Mpayy's headquarters is located at 101 N. Wacker Dr., Chicago.
What is Mpayy's latest funding round?
Mpayy's latest funding round is Unattributed.
Who are the investors of Mpayy?
Investors of Mpayy include U.S. Bancorp.
Who are Mpayy's competitors?
Competitors of Mpayy include Payoneer and 3 more.
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Compare Mpayy to Competitors
Lianlian Pay, operated by Lianlian Group, is a mobile and micropayment service provider. The company operates a network of agents in China where consumers can convert cash into mobile-phone minutes. It allows customers to purchase airline tickets, video gaming credits, and utility bills with its network. It was founded in 2003 and is based in Hangzhou, China.
Airwallex offers a payment platform for modern businesses. It allows customers to issue and pay international invoices and bills and offers domestic and international business accounts, company cards, and expense management through its integrated platform. The company was founded in 2015 and is based in Melbourne, Australia.
MobiKwik provides a mobile, phone-based payment system and digital wallet. The platform allows users to make instant bill payments and recharges. The company was founded in 2009 and is based in Gurugram, India.
ToneTag provides an audio-based payment solution. The company offers digital billing solutions, payment solutions, interactive voice response (IVR) payment solutions, marketing solutions, and more. It provides solutions for grocery stores and the food and beverage industry, It was founded in 2013 and is based in Bengaluru, India.
Winvesta is a global fintech start-up that operates in the financial services industry. The company provides cross-border payment services, enabling businesses, freelancers, and individuals to collect international payments in over 37 currencies. It offers local account details for businesses to receive money in USD, GBP, EUR, and CAD, and allows for conversion to INR at transparent FX rates. It was founded in 2019 and is based in London, England.
PayNearMe develops technology to facilitate the end-to-end customer payment experience. It offers a billing and payment platform. Its platform helps users pay with cash for a range of goods and services from companies in e-commerce, property management, consumer finance, and transportation, enabling businesses and government agencies as well as retail stores to digitize their cash collection processes. It was formerly known as Handle Financial. The company was founded in 2009 and is based in Santa Clara, California.
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