Wayforpay

Wayforpay, founded on 2014, is an online payment system, which is licensed by the National Bank of Ukraine. The company offers online payments, has its own android system, scoring system, as well as its own products in online lending.

Wayforpay is also licensed by the Czech National Bank as an issuer of electronic money. The company's offices are located in Kiev and Dnipropetrovsk, as well as in the European Union countries (Latvia and the Czech Republic), which allows the System to operate in the European market in the field of money transfer, make electronic payment and be a leader in the European market.

Wayforpay has passed the Payment Card Industry Data Security Standard compliance audit.

The company has implemented online solutions in the field of risk management.

From the data set, using machine learning, the system allows tracking of scammers and unscrupulous customers. The system analyzes IP, behavioral factors, client's geolocation, device tracking, searches for matches among other payment instrument, validates addresses and customer data. This allows to users automatize the process of scoring of payers on cards with the goal of reducing fraudulent transactions.

Wayforpay is an Ukrainian technical partner of VISA to implement in Ukraine a payment solution based on QR code technology.