Tazapay

About Tazapay

Tazapay is a global financial technology startup that provides a seamless and efficient platform for cross-border business-to-business (B2B) transactions. The company operates in more than 173 markets worldwide, offering a variety of payment solutions designed for digitized businesses. Its primary clientele includes businesses involved in buying and selling hardware, software, and services across international borders.

Tazapay's business model is centered around simplifying the process of international transactions. The platform allows businesses to collect and disburse funds in over 60 currencies, with settlement times ranging from the same day to two days. It offers a variety of local payment options, including credit and debit cards, local bank transfers, QR codes, and internet banking. The company also provides API and plugins for businesses to integrate these payment options into their own systems.

A unique feature of Tazapay is its use of a third-party escrow system. This ensures that both buyers and sellers are protected, with payments only being released after orders are fulfilled. This feature, coupled with competitive fees, makes Tazapay an attractive option for businesses involved in high-value transactions.

Tazapay generates revenue through transaction and settlement fees. The company's pricing structure is designed to optimize fees for cross-border B2B and high-value transactions. Tazapay is licensed as a Major Payment Institution by the Monetary Authority of Singapore and is backed by leading investors.