payabl. is a pioneering PayTech company that aims to redefine the industry by prioritizing customer centricity, fostering partnerships, and introducing payabl.one, a unified platform for merchants. With a focus on innovation, social responsibility, and growth, payabl. is dedicated to propelling the success of merchants within the EU, UK, and beyond.
What is payabl.’s vision for innovation in the PayTech industry?
payabl. aims to redefine the PayTech landscape by fostering partnerships, prioritizing customer centricity, and introducing payabl.one, a unified platform for merchants. Their approach includes bespoke financial solutions, advocacy for improved tech regulations, and a commitment to social responsibility through youth education in technology.
A Vision of Growth and Innovation in FinTech
Since taking the helm in 2020, Ugne Buraciene has steered payabl. into a prominent position within the PayTech industry. With its foundation firmly laid in Cyprus, payabl. has stretched its influence across the continent, establishing offices in various European countries. The mission is clear: to position itself as the go-to financial services partner, propelling growth for merchants within the EU and the UK. By placing a high value on fairness, transparency, and integrity, payabl. has committed to these principles for not just their clients, but also their employees and partners.
A Paradigm of Partnership and Empowerment
Building a business in today’s market is about more than just transactions; it’s about partnerships. At payabl., the relationship with merchants transcends the conventional client-service provider dynamic. Each merchant is seen as a partner, integral to mutual success. This philosophy is embodied in their approach, which includes assigning dedicated account managers, providing personalized services, and offering resources to empower merchants. The modular technology implemented by payabl. allows for bespoke solutions that meet the precise financial needs of each partner, coupled with real-time insights critical for business operations.
Customer Centricity and Innovative Solutions
In the age of customer empowerment, payabl. has embraced a philosophy that places the merchant and their customers at the core of their innovation strategy. The upcoming launch of payabl.one in early 2024 promises to be a significant milestone, introducing a unified platform that consolidates all their services, a first in the PayTech arena. This initiative is a direct response to the identified need for a consolidated, accessible platform that simplifies the complexity of financial services for merchants.
Navigating Challenges in Cyprus’ Tech Landscape
Cyprus’ burgeoning startup and innovation scene is not without its challenges. payabl. recognizes that staying competitive means ensuring that regulations and labor laws keep pace with rapid technological and societal shifts. Advocating for more flexible and remote work options, payabl. understands that such features are crucial in attracting and retaining top talent, especially within the tech sector. The company’s active participation in the local tech community and its support for initiatives that invest in infrastructure and digitalization demonstrate its commitment to fostering innovation in Cyprus.
Expanding the Payment Solutions Portfolio
payabl. has built an extensive portfolio of payment options, including card acquiring, banking services, various local payment methods, and POS terminals. By delivering user-friendly installation, cutting-edge fraud prevention, and dedicated customer support, the company ensures that merchants have the necessary tools to thrive. The design of their solutions is rooted in versatility, accommodating an array of payment needs and allowing merchants to concentrate on growing their businesses.
Payabl.one: A New Era of Payment Convenience
The introduction of payabl.one symbolizes a significant leap forward for merchant services. This innovative platform simplifies merchant operations by amalgamating the full suite of payment solutions into a single, comprehensive portal. Pioneering in the market, payabl.one will facilitate seamless management of transactions, product applications, and activation while providing robust reporting and valuable insights—all accessible with a single authentication and API.
Fostering Fintech Innovation in Cyprus
Cyprus has demonstrated immense potential as an incubator for fintech innovation, with ambitions that surpass its geographic size. As a board director with TechIsland, Buraciene is actively involved in elevating the tech sector within the country. The collective vision is to transform Cyprus into a prime destination for tech investment and entrepreneurship, with fintech as a standout sector. This vision aligns with the Cypriot Government’s objectives to foster a sustainable growth model focused on business, productivity, and economic diversification. However, there remains room for improvement, especially in enhancing the legislative and regulatory frameworks to foster further innovation and investor protection.
Philanthropy and the Next Generation
Beyond its core business, payabl.’s philanthropic initiatives demonstrate a deep commitment to society. A primary focus is on youth education in technology—nurturing the next generation to bridge the digital skills gap. The company’s efforts include providing free education, equipment, scholarships, and encouraging its team to engage in mentorship and community involvement. Through these actions, payabl. aims to instill digital literacy and inspire innovation among young people from diverse backgrounds.
Looking Ahead: Trends and Expansion in 2024
While the payments industry may not undergo radical changes in the short term, it is evolving with significant enhancements to existing processes. Key developments to watch include the progression of Open Banking, the increased focus on regulatory refinements, and the emphasis on consumer protections in open banking transactions. The industry is also witnessing the rise of embedded finance, particularly with BNPL services, as they respond to the economic climate. The momentum towards real-time payment solutions continues, streamlining international transactions and shaping the future of global commerce.
In terms of future plans, payabl. has a dynamic roadmap. Having secured an EMI license in the UK, the company is pursuing similar credentials in the Netherlands and expanding its foothold in Cyprus and Europe. With an aim to attract skilled professionals and launch the innovative payabl.one portal, the company is poised to enhance its service offerings and solidify its position as a leader in the PayTech space.
What is payabl.’s vision for innovation in the PayTech industry?
payabl. aims to redefine the PayTech landscape by fostering partnerships, prioritizing customer centricity, and introducing payabl.one, a unified platform for merchants. Their approach includes bespoke financial solutions, advocacy for improved tech regulations, and a commitment to social responsibility through youth education in technology.
How does payabl. prioritize customer centricity and innovative solutions?
payabl. places the merchant and their customers at the core of their innovation strategy. They are launching payabl.one, a unified platform that consolidates all their services, to simplify financial services for merchants. They also provide personalized services, dedicated account managers, and modular technology for bespoke solutions that meet the specific financial needs of each partner.
What challenges does payabl. face in Cyprus’ tech landscape?
Cyprus’ tech landscape has its challenges, and payabl. recognizes the importance of keeping regulations and labor laws up to date with rapidly evolving technology. They advocate for flexible and remote work options to attract and retain top talent, especially within the tech sector. They actively participate in the local tech community and support initiatives that invest in infrastructure and digitalization to foster innovation in Cyprus.
What philanthropic initiatives does payabl. undertake?
payabl. is committed to society beyond its core business and focuses on youth education in technology. They provide free education, equipment, scholarships, and encourage mentorship and community involvement. Their goal is to bridge the digital skills gap, instill digital literacy, and inspire innovation among young people from diverse backgrounds.
