# Payy

> Payy is a privacy-focused self-custodial stablecoin wallet and network that sends money via payment links with zero fees.

Source: https://www.neobank.wiki/wiki/payy
Last updated: 2026-08-12
Categories: Financial technology, United States fintech, Payment platforms, Cryptocurrency companies, Consumer neobanks

**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.[^py1]

## 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](/wiki/neobank): 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](/wiki/torque) and [Avici](/wiki/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).

## External links

- [Payy official website](https://payy.link/wallet)

## Infobox

- **Type**: Private (Zeplo Inc.)
- **Developer**: Polybase Labs
- **Headquarters**: New York, U.S.
- **Focus**: Private stablecoin payments
- **Model**: Self-custodial / not a bank
- **X**: @payy_link
- **Website**: [payy.link](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.


## References

[^py1]: 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