WadzPay: Ranked in Top 10 Most Promising Payment & Merchant Service Providers (SiliconIndia Magazine 2021) and Here’s Why
Written by : SiliconIndia Magazine
Different protocols are used to create digital currencies. The players in this market are prone to myopia, focusing solely on the protocol that they employ. However, the world of digital currency is rapidly changing, and protocols introduced only a few years ago may be quickly surpassed by more advanced technologies.
Customers are not provided with flexibility of choice with this vertical strategy, and they are unable to select the most efficient and cost-effective option after subscribing to a service provider in this industry. WadzPay allows for compatibility between all digital currencies and current payment systems, even banking; this gives the customers more options and helps the market find a balance that favors the best solutions for each use case.
WadzPay is an interoperable blockchain-based payments ecosystem. The company was founded in 2018 in Singapore and currently operates in Southeast Asia, South Asia, the Middle East, and Africa. Pay saw the potential for Central Bank Digital Currencies (CB-DCs) and Digital Assets as having the ability to lead the next revolution in the payments industry by providing speedier payments, increased security, and cost-efficiency with flexibility. To facilitate digital asset-based transaction processing and settlement, WadzPay is collaborating with significant international payment firms, banks, and global enterprises.
A Payment Technology Company
WadzPay is an interoperable blockchain-based payments ecosystem. The company was founded in 2018 in Singapore and currently operates in South East Asia, South Asia, Middle East and Africa.
Anish Jain, the Managing Director and CEO of WadzPay, says, “The Atlytica Engine, which transforms the challenge of interoperability into a reality, is the backbone of our products. The App (which we also white-label for our clients), the Merchant Account Manager (a cutting-edge system that allows for the integration of existing and emerging payment methods), and WadzPay Analytics make up the front end of our technology (which allows for deep data analysis to optimize and improve business success, using Mer-chant Account Manager data inputs). Issuance, Acceptance, and Remittance, Trade Finance, and Buy Now Pay Lat-er (BNPL)-like products and solutions are the product categories in which we operate”.
Up to 40 percent of payments will be made via digital currencies through digital wallets by 2025, indicating a substantial shift from traditional payments in the coming years and predicted to strengthen its prominence for the foreseeable future.
Adding to this, WadzPay had previously stated its intention to increase public knowledge about digital currencies by expanding operations in Southeast Asia, South Asia, the Middle East, and Africa. This is inextricably linked to the predicted explosive expansion of digital wallets and digital currency over the next five years.
The Future of WadzPay’s tremendous growth in terms of business and team will be the focus in 2022. Major industry participants, large payment businesses, and respectable financial institutions have formed strategic partnerships. The company’s major goal is to make CBDC and digital asset-based payments a global phenomenon.
“WadzPay’s technology will be recognized, linking the digital financial ecosystem and giving un-der-banked people with solutions and access to finance. WadzPay will expand its global footprint now that the Proof of Concept has been completed. Through 2022, we will continue our focus on bringing many of our partners online and process large quantities of transactions through the WadzPay platform”; concludes Anish.
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WadzPay is an interoperable blockchain-based payments ecosystem. The company was founded in 2018 in Singapore and currently operates in South East Asia, South Asia, the Middle East, and Africa.
WadzPay saw the potential for CBDC and Digital Assets to lead the next revolution in the payments industry: enabling faster payments, improvements in security, and cost-efficiency with optionality.
WadzPay is working with large international payment companies, banks, and global companies to enable digital asset-based transaction processing and settlement.