Payy

Payy is a self-custodial stablecoin wallet built by Polybase Labs (Zeplo Inc., New York) on Payy Network, a privacy-preserving blockchain. Users deposit via bank, Apple/Google Pay or crypto, then send fee-free payment links over WhatsApp, Telegram or Signal, and spend on a card—without the company taking custody of funds.1

History

Payy launched as a vertically integrated “onchain banking” stack: a consumer wallet plus its own chain using zero-knowledge proofs so transfers can be private yet compliance-aware. The pitch is the opposite of partner-bank neobanks: accounts cannot be frozen by Payy because it does not hold the keys.

Model

Payy states it is a fintech, not a regulated bank: no fractional reserve, no FDIC insurance, no custody of user funds. Fiat ramps are “enshrined” at the network layer. That makes it a self-custody crypto neobank adjacent to apps such as Torque and Avici, rather than a Chipper- or Chime-style custodial wallet.

Products

Payy Wallet, magical payment links, a spend card, and optional guardians (announced) for recovery. Transactions are marketed as always free (no gas, no fees).

References

  1. Payy Wallet is a self-custodial stablecoin app on Payy Network; Zeplo Inc. discloses it is not a bank and does not custody funds. https://payy.link/wallet

Frequently asked questions

What is Payy?
Payy is a privacy-focused self-custodial stablecoin wallet and network that sends money via payment links with zero fees.
Where is Payy headquartered?
Payy is headquartered in New York, U.S..
What type of company is Payy?
Payy is described as Self-custodial / not a bank in its neobank.wiki profile.
What is the official Payy website?
The official website for Payy is https://payy.link/wallet.

See also

  • Accrue — Accrue is a Ghana- and Nigeria-rooted fintech that moves money across Africa and the US using a stablecoin agent network.
  • Airwallex — Airwallex is an Australian-founded business fintech for global accounts, payments and spend management.
  • Alex Johnson — Alex Johnson is the founder of Fintech Takes, a widely read fintech newsletter and podcast; he is active on X as @AlexH_Johnson.
  • Alexandre Prot — Alexandre Prot is co-founder and CEO of Qonto, the Paris-based European business neobank.
  • Ali Niknam — Ali Niknam is founder and CEO of Bunq, the Amsterdam-based licensed Dutch neobank.
Categories: Financial technology · United States fintech · Payment platforms · Cryptocurrency companies · Consumer neobanks
Published Last updated By neobank.wiki contributorsMarkdown for AIllms.txt