Why ZymPay

ZymPay was set up to address a gap we saw in international remittances. New companies were already developing innovative solutions to initiate and fulfil remittances over web and on mobile devices. While these initiatives reduced the cost of transfers, there was little focus on how the received funds were used. We developed a platform that would help the global diaspora not just send money home but pay for basic services, like an electricity bill or school fees.

When we launched the service in 2015 - with African diaspora living in the UK - the response was overwhelming. With this validation of our value proposition we are now expanding our coverage to 10 countries in Africa and Asia.

ZymPay’s trusted partners

We partner with…

Service providers: in developing countries, providing a comprehensive international bill payments service to key diaspora groups

Financial institutions: in developing countries to improve financial access for diaspora, provide new marketing opportunities and reduce the cost of servicing customers

Remittance companies: to offer their customers bill payment as a value-added differentiator to drive loyalty and retention

ZymPay’s platform is a robust and highly scalable bill processing, payment collection, and money transfer system. The system is built entirely on the Microsoft.NET technology stack, with the architecture based on industry best practices.

Future-proofed compliance

ZymPay offers high levels of scrutiny for Know Your Client (KYC) and Anti-Money Laundering (AML) compliance.

The ZymPay system is a robust and dynamic platform, delivering real-time validation.

ZymPay’s technology

The ZymPay platform is a robust and highly scalable cross-border payment collection and bill processing system. Built entirely on the Microsoft .NET technology stack, it’s an architecture based on industry best practice.

Designed from the ground up to be cloud-ready and run natively on Windows Azure Cloud, the platform can automatically scale from 10 thousand to 10 million users.

Using the ZymConnector API framework, third party service providers and retail partners can easily integrate into the platform. ZymPay have designed the API to enable rapid integration and utilise industry-standard REST styled HTTP web services.

Banking level security features have been implemented to protect our customers’ data and ensure adherence to cross-border compliance policies. This includes 256 bit SSL encryption of all data traffic, hardware level encryption of data, a robust password policy, data audits and change approval management.

Our team

Dakshesh Patel (CEO): Daks has extensive experience in banking. Formerly CFO of NatWest’s Global Debt and Investment Banking division he advised a major UK banking group in restructuring its business, and has advised two of the largest merchant acquirers in the UK. He co-founded Longbridge Capital, a finance consultancy operating in Europe, Africa and Asia, e-Logistics, a transport management business, and Yespay, a payment gateway acquired by Worldpay.

Nicholas Ricketts (Chief Marketing Officer): Nic is a brand specialist and has worked on Dulux, Nokia, Nissan and Fujitsu Siemens Computers, Infiniti cars and Access financial software. He has also run two successful through-the-line agencies, launched new media products in Asia, and worked client-side in both marketing and sales. Nic gained in-depth experience with Visa, developing programmes for Member Banks and merchants across the CEMEA region.

Michael Josiah (Chief Technology Officer): Michael has over 15 years of technology experience. He built the UK's first commercial money transfer system and has been deeply involved in the payments industry for over a decade. He was the main architect of Europe’s leading charity donation platform, and headed its development team through to successful launch. He has advised clients such as MacMillan Cancer Relief for the management of their online donations, direct debits, credit card transactions and gift aid.

Sandeep Kunte (CFO): Sandeep has extensive experience in strategic planning, business performance management, and financial analysis, gained at Barclays and Lloyds Bank in the UK. He also brings strategy expertise gained as a consultant at the Monitor Group in the US. His early career was with the World Bank. He grew up in India, but spent much of his working life abroad, experiencing first hand what it is like to make cross-border payments.