PayKey News
13 articles
How banks can help employers empower, improve their employees' financial well-being
PayKey, a fintech company based in Israel, will start offering Earned Wage Access (EWA) solution to leading banks in the Philippines in 2022. EWA allows employees to access their already earned salaries before payday, helping to minimize financial stress and improve workplace productivity. The trend of EWA may also encourage unbanked Filipinos to open bank accounts. PayKey aims to reduce employees financial stress and improve their well-being through this service.
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PayKey, a social fintech startup launches world-first embedded banking solution - UKTN | UK Tech News
Paykey launches trading functionality to compete with 'wild west' app market
Tel Aviv-based fintech Paykey is launching a new product that allows banking customers to access day trading options via its mobile keyboard. The product, which is available on Whatsapp, Facebook, and Instagram, will enable users to access a live investment tracker, manage their portfolio, and make trades within a conversation. The move comes in the wake of the Gamestop frenzy and the controversy surrounding free trading apps like Robinhood. Paykeys CEO, Sheila Kagan, believes that banks have a huge opportunity to meet the growing demand for a more trusted and reliable alternative to these apps.
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https://www.fintechmagazine.com/banking/paykey-helps-transform-standard-chartered-bank-korea
Tel Aviv-based fintech PayKey has partnered with Standard Chartered Bank of Korea to develop a keyboard-based solution for open banking. The technology aims to integrate peer-to-peer (P2P) banking into customers daily routines, allowing them to send money via messaging apps like WhatsApp. The partnership is part of Standard Chartereds focus on digital innovation and banking transformation. The new technology is currently used for account maintenance and money transmission, but PayKey envisions it being used for trading and investment in the future.
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Bank Austria is live with the PayKey Social Banking Solution
Notice Regarding Establishment of SBI PayKey Asia Co., Ltd That Engages in Financial Services Via Smartphone Keyboard
SBI Holdings, Inc. is establishing a new joint venture called SBI PayKey Asia Co., Ltd. The joint venture will support the sales and market launch of a Social Banking Solution that provides seamless access to financial services from any social media application. By introducing PayKeys solution, banks and digital wallets will be able to offer financial service functions on social messaging apps. Over 20 financial institutions around the world have already introduced this solution. SBI PayKey plans to cooperate with other SBI Group companies to promote the use of PayKey in the Japanese market and throughout Asia. The partnership with SBI is instrumental in introducing PayKey to the Japanese market. PayKey is already serving over 20 financial institutions worldwide.
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PayKey expands its market amid Apple pushback
The demise of FTX, a prominent crypto exchange, has left the crypto industry grappling with the consequences and uncertainties left in its wake. The aftermath of FTXs explosion has revealed deep fault lines within the industry and increased banks caution toward the technology. The once-unified industry now faces a turbulent next few years.
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Payments Keyboard App PayKey Makes Its Way to U.K. and Mexico
PayKey, a keyboard app for payments, is set to debut in the U.K. and Mexico in the coming months after striking a deal with 15 commercial banks across Asia. The specific launch date and the banks that PayKey is launching with were not disclosed due to confidentiality reasons.
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PayKey raises $10M for its millennial-targeted "social banking" smartphone keyboard
PayKey, a Tel Aviv-based startup, has raised $10 million in a Series B funding round led by MizMaa. The company offers a smartphone keyboard that allows bank customers to access financial services without logging into a banking app. By integrating PayKeys white-label smartphone keyboard API with their mobile apps, banks can provide their customers with the ability to make payments, check balances, and access other services from within any app. PayKey has already signed commercial agreements with seven banks and plans to double its customer base over the next six months, with a focus on Asia. The funding brings PayKeys total raised to $16 million.
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Payment Start-Up Paykey Wins Temenos' Innovation Jam Final in Lisbon
Temenos has announced that the winner of its global Innovation Jam contest is FinTech start-up Paykey. Paykey is the world’s first payment keyboard that works with popular messenger apps. Paykey will be made available through Temenos’ MarketPlace, an online store of FinTech solutions that have been pre-integrated with the Temenos Suites. The Judges’ Choice Award went to Blue Code, a cashless payment app.
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PayKey Takes Top Spot in Bank Innovation Demo Challenge
Israeli startup PayKey was declared the winner of Bank Innovations DEMOvation challenge for its work in enabling clear and frictionless P2P payments. The win demonstrates the demand for innovation in the banking industry. PayKey aims to leverage existing banking networks by providing payment solutions through social media platforms like Facebook Messenger, WhatsApp, and Twitter. This allows users to send money through their favorite networks while promoting banks and financial institutions. PayKey received an Amazon gift card and an Echo device as a prize for winning the challenge.
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15 Innovators Selected for Accenture's 2016 FinTech Innovation Lab London
PayKey Wins Startup Competition
Israeli startup PayKey has won the Mobile Monetization Summit Startup Competition. PayKey enables payments in social network chats and was founded by Daniel Peled and Ofer Markovich.
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