WHAT PAYALA IS
Ledger Based
Exceeds Highest Global Security Standards
Offline/ Online Transactions
Instant Transactions
Anywhere, any time and for everyone
Contactless
A cryptographically secure digital wallet service on an NFC (contactless) card and a cryptographically assured backend ledger which works for peer to peer, merchant, government to people and business to persons, payments remotely and locally on-line, and locally offline when the network is down
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Our technology platform makes digital liquidity easily and always available as if it was cash and works online and offline. Access to financial services like savings and loans is a key plank of poverty reduction, allowing people to trade and save their way out of poverty and letting the micro and small businesses at community level grow and employ more people.
Capabilities
Works Online and Offline: Instant transactions even in areas or times of intermittent internet or cellular connectivity
Instant, Contactless transfers: Moves digital cash instantaneously from one smartcard to another
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Enables global remittances: Enables instant remittances from anywhere to anywhere
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Currency, Carrier & Rail Neutral: Transactions across all phone carriers and with or without payment rails
B2B, B2C, P2P transactions: Instant transactions between businesses, within supply chains, from institutions to individuals and individuals to individuals
Light footprint: No special equiment or payment terminals necessary for full operation
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Low user cost: Each cardholder does not need to own a smart phone
Efficient: No legacy systems or complex networks
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Flexible: Open back-end protocols for easy API integration
Reconciliation: Cryptographically assured matching protocols
Hosts Multiple Currency Wallets and Data: Customizable design allows for an array of wallets for any currency, as well as data storage and transfer