PAYSAVO
- Company typePrivate
- Founded2020
- HeadquartersRegina, Canada
- Headcount11–50
- GTM typeB2B and B2C
- OfferingSoftware
PAYSAVO firmographics
Firmographics- Name
- PAYSAVO
- Legal name
- PAYSAVO PAYMENTS LLC
- Website
- https://paysavo.com
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
PAYSAVO industry classification
Industry- Product category
- Cross-Border Payments
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232), Credit Card Issuing (522210)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Embedded Payments (Pay-ins, Pay-outs, Wallets) (FSAGALAB)
Keywords
Where PAYSAVO is headquartered
LocationHeadquarters
- HQ city
- Regina
- HQ country
- Canada
- HQ region
- North America
Offices3 records
Markets served
PAYSAVO business model
Business model- GTM type
- B2B and B2C
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Transaction Fees: A small percentage of the transaction amount is charged as a fee for each exchange. Standard exchange fees apply to currency conversions and international money transfers. Some services offer zero fees for specific remittance corridors.
- Service Fees: Nominal service fees may apply based on the type of currency and transaction volume. Additional charges may apply depending on payment method or destination country.
- Card Distribution Revenue: Revenue from distributing Paysavo Cards through 650,000+ retail points of sale in 50+ countries. Partners earn fees for every transaction handled.
- Business Account Services: Business accounts with international payment capabilities for paying overseas staff or suppliers in 70+ countries. Revenue from transaction fees and FX spreads on cross-border payments.
- Crypto Trading: Crypto exchange platform enabling buy, sell, and trade of cryptocurrencies with fees on crypto-to-crypto and fiat-to-crypto conversions.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Personal Account - Free basic transfers with competitive FX rates |
| Transaction based/ take rate | Pay-as-you-go | Business Account - No monthly fees or hidden charges |
| Transaction based/ take rate | Pay-as-you-go | Enterprise Solutions - Card and cash payment processing |
Go-to-market motion3 records
Distribution channels7 records
Marketing channels5 records
PAYSAVO product offering
Product offeringCore offering
Paysavo operates a proprietary multi-currency digital payment platform offering multi-currency wallet management, international money transfers, currency exchange, crypto buy/sell/trade, prepaid card and barcode-based cash payment acceptance, plus business accounts for cross-border payroll, supplier payments and invoicing. The platform serves individual consumers, small and medium businesses, and enterprise clients across 100+ countries with real-time processing, PCI DSS Level 1 compliance and 65+ regulatory licenses.
Product overview
Paysavo is a multi-currency payment platform offering a unified suite of financial services through its core multi-currency wallet, Personal Account, and Business Account products. The platform connects multiple payment gateways including PaySavo Card (prepaid cards in 50+ countries), PaySavo Cash (barcode-based cash payments), Crypto Exchange, International Remittance, and various payment methods (Visa, Mastercard, Stripe, PayPal). Enterprise solutions include White Label, Openbucks, and Obucks gaming cards. The ecosystem is powered by APIs for developers, an Agent Network for cash deposits/withdrawals, and Banking as a Service for money service businesses. The platform processes funds across 190+ countries and 40+ currencies with $130B annualized transactional volume.
Differentiator
Problem solved
Functional benefit
Products and services
- Multi-Currency Wallet Digital wallet allowing users to hold, send, receive and manage 25+ currencies in one place with competitive exchange rates.
- Personal Account Individual consumer account for receiving money, adding funds, withdrawing money, sending money, bill pay, mobile top-up and international remittance.
- Business Account International business account for paying overseas staff/suppliers, receiving payments with local account details in multiple currencies, creating invoices and managing cash flow in 70+ countries with no hidden fees.
- PaySavo Card Prepaid 16-digit code payment method accepted at 650,000+ points of sale in 50+ countries and 30+ currencies, designed for customers without bank accounts or credit cards.
- PaySavo Cash Barcode-based cash payment solution converting online transactions into scannable barcodes payable at 200,000+ cash payment locations.
- Crypto Exchange Integrated cryptocurrency exchange platform enabling users to buy, sell and trade crypto-to-crypto or fiat-to-crypto, with crypto withdrawal via Skrill integration.
- International Remittance Cross-border money transfer service to 12+ countries with zero fees on select corridors, competitive exchange rates, instant notifications and phone-number-based sending.
- Bill Pay Service allowing users to pay bills through the PaySavo platform, with billers varying by region and posting times dependent on biller/bank.
- Mobile Top-Up Instant mobile phone recharge service allowing users to top up mobile phones directly through the PaySavo platform.
- Merchant Services Checkout and payment acquiring services for merchants including chargeback management, PCI compliance support, tokenization and QR-code mobile payments.
- Virtual Cards Virtual debit cards for online transactions, issued in partnership with Bridge and the issuing bank.
- Physical Cards Physical debit cards for accessing funds worldwide, issued in partnership with Bridge and the issuing bank per Cardholder Terms.
- API & Webhooks Developer API for integrating bill payments, merchant payments and international money transfers, requiring secure API keys, signature verification and rate-limit compliance.
- Agent Network Cash deposit and withdrawal services through a network of agents following cash-handling, KYC, logging and reconciliation rules with float and limits.
- Banking as a Service Banking services tailored for money service businesses, leveraging open banking technology and banking partnerships.
- Openbucks Gift Card Integration Gift card payment integration allowing online consumers to pay with local retailer gift cards and POS systems with multi-currency support and no chargebacks.
- Obucks Gaming Card Gaming card accepted at 100,000+ gaming merchants, ideal for gift card resellers or reward programs.
- White Label Solution White-label solution allowing partners to offer PaySavo Cash as a feature within their own apps, enabling cash deposits and withdrawals.
- Real-Time Payments Real-time payment processing enabling payouts to customers with payments arriving in under 20 seconds (65% instant, 95% within 24 hours).
Quantifiable outcome
- 65% of payments arrive in under 20 seconds; 95% of payments take less than 24 hours
- +4 more outcomes
Companies that use PAYSAVO
Customer profileNamed customers4 records
Segments4 records
Ideal customer profiles4 records
PAYSAVO technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration16 records
AI capability2 records
Feature7 records
PAYSAVO partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core.
- BridgecoreCard issuing partner for Paysavo Cards (virtual and physical). Cards are issued in partnership with Bridge and the issuing bank, with terms defined in separate Cardholder Terms.
- AmazoncoreBusiness customers can easily withdraw revenue from Amazon in up to 9 currencies through Paysavo Business accounts.
- StripecoreBusiness customers can withdraw revenue from Stripe through their Paysavo Business accounts in multiple currencies.
- OpenbuckscorePartnership enabling local retailer gift cards and POS systems to be used as payment method for online consumers with multi-currency support and no chargebacks.
- 90+ Banking PartnerscoreExtensive network of banking partners supporting Paysavo's payment infrastructure across 190+ countries and 40+ currencies.
- US Licensed Financial InstitutioncorePartner US licensed financial institution providing money remittance and banking services. Paysavo Payments LLC is a financial technology company, not a bank.
Scale indicators17 records
Recent moves6 records
Expansion highlights6 records
PAYSAVO competitors and assessment
Company assessmentDirect peers
- Airwallex: Airwallex provides multi-currency business accounts, international payments, and FX for SMBs and enterprises globally. It directly competes with Paysavo's Business Account cross-border payments and multi-currency wallet for business customers.
- Wise (TransferWise): Wise is the leading multi-currency wallet and cross-border payments platform for consumers and businesses, offering mid-market FX rates and accounts in 40+ currencies. It is the most direct competitor to Paysavo's core multi-currency wallet and international money transfer offering.
- Payoneer: Payoneer provides cross-border business accounts, multi-currency receiving, and marketplace payouts to freelancers, SMBs, and platforms. It directly competes with Paysavo's Business Account for overseas staff/supplier payments and platform seller payouts.
- Revolut: Revolut offers multi-currency accounts, cards, crypto exchange, and international transfers to consumers and businesses globally. It is a direct competitor across Paysavo's full product surface, including wallet, cards, FX, and crypto.
- Remitly: Remitly is a digital remittance platform focused on immigrant corridors, with strong presence in US-to-Latin America, Africa, and Asia flows. Paysavo competes head-on in the same remittance corridors, particularly the African destinations Remitly has prioritized.
- WorldRemit: WorldRemit offers digital international money transfers to 130+ countries with mobile wallet, bank deposit, and airtime top-up options. It directly overlaps Paysavo's remittance, mobile top-up, and multi-currency payout product set.
Broad incumbents
- MoneyGram: MoneyGram operates a global money transfer network with both digital and agent-based channels across 200+ countries. It is a broad incumbent in the same remittance category Paysavo targets, including mobile wallet and bank deposit payouts.
- Western Union: Western Union is the largest traditional remittance network with 500,000+ agent locations in 200+ countries. It is a broad incumbent competing with Paysavo on remittance corridors and cash payout, particularly in markets where Paysavo's PaySavo Cash operates.
- PayPal (Xoom): PayPal is a global digital payments incumbent operating wallets, merchant acquiring, and Xoom remittance across 200+ markets. It competes broadly with Paysavo across consumer wallet, business payments, and cross-border transfers, though as part of a much larger product portfolio.
Emerging players
- dLocal: dLocal is a payments processor specializing in emerging markets across Latin America, Africa, and Asia, enabling global merchants to accept local payment methods. It is comparable to Paysavo's emerging-market focus and cross-border payment infrastructure.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights6 records
Customer concentration
PAYSAVO social profiles
Digital presencePAYSAVO compliance and trust
Trust signalCompliance8 records
PAYSAVO financial estimates
Financial estimateRevenue estimate
Valuation estimate
PAYSAVO leadership team
Management profileNumber of profiles
Profiles1 record
PAYSAVO funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
PAYSAVO M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about PAYSAVO
What does PAYSAVO do?
Paysavo operates a proprietary multi-currency digital payment platform offering multi-currency wallet management, international money transfers, currency exchange, crypto buy/sell/trade, prepaid card and barcode-based cash payment acceptance, plus business accounts for cross-border payroll, supplier payments and invoicing. The platform serves individual consumers, small and medium businesses, and enterprise clients across 100+ countries with real-time processing, PCI DSS Level 1 compliance and 65+ regulatory licenses.
Is PAYSAVO a public or private company?
PAYSAVO is a private company. It is classified as unknown and is currently operating.
When was PAYSAVO founded?
PAYSAVO was founded in 2020. It employs 11 to 50 people.
Where is PAYSAVO based?
PAYSAVO is headquartered in Regina, Canada, in the North America region.
How does PAYSAVO make money?
Five revenue lines are on record. Transaction Fees are the primary driver. The others are service Fees, card Distribution Revenue, business Account Services and crypto Trading.
Who are PAYSAVO's main competitors?
Direct peers on record are Airwallex, Wise (TransferWise), Payoneer, Revolut, Remitly and WorldRemit. Broad incumbents are MoneyGram, Western Union and PayPal (Xoom). dLocal is listed as an emerging player.
Does PAYSAVO have an API?
Yes. Paysavo offers APIs for bill payments, merchant payments, and international money transfers. The platform supports API and Webhook integrations for business customers. The Terms of Service include detailed API terms: API keys must be kept secure and rotated regularly, webhook signatures must be verified, rate limits must be respected, and sandbox credentials are not for production use. Developer API access is mentioned on the Business page.
What industry is PAYSAVO in?
PAYSAVO's product category is Cross-Border Payments. Its primary akta.pro industry code is FSAGALAB, Embedded Payments (Pay-ins, Pay-outs, Wallets). Its NAICS code is 52232 and its SIC code is 6199.