Moneyhub is thrilled to announce its partnership with Payme, an innovative payment solution tailored for small businesses, sole traders, and one-man bands. The collaboration aims to transform the way these entrepreneurs manage and receive payments by leveraging seamless, Open Banking technology.
Payme offers a customisable platform that adds intelligence to payment processes, allowing users to send payment links or QR codes easily to their customers. The app balances gamification and professionalism, along with an educational element that demystifies the use of smart payment technology, providing confidence to users that it’s safe and fast.
A Modern and Straightforward Approach to Payments
Payme, which is due to launch later this year, is a powerful yet straightforward, subscription-based app that integrates Moneyhub's comprehensive payment capabilities. The app eliminates outdated practices like sharing bank details via text with customers, replacing them with modern, efficient and secure solutions.
In addition to helping users to feel more professional, established and in control, the solution facilitates a quick and easy means of payment for both the user and their customers, thus reducing the number of delayed or forgotten payments, as well as eliminating the high fees associated with traditional POS machines.
Fawaz Abdulrauf, the young and visionary founder of Payme, began developing apps at the age of 12. His entrepreneurial spirit drives Payme's mission to empower individuals with a payment solution that extends beyond simple transactions, fostering a community of savvy business owners who can focus on "building a business" without the typical complications
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The Moneyhub Partnership
The Moneyhub platform is the obvious solution for forward-thinking payment solutions like Payme. As well as being cheaper and quicker than standard BACs and POS payment methods, it is also less susceptible to fraud and failed payments.
Payme approached Moneyhub after learning that Moneyhub has the best Open Banking coverage in the UK.
Fawaz said: "Our goal is to simplify open banking for the public. Partnering with Moneyhub allows us to focus on enhancing user experiences, educating the market, and making bank transfers a professional and convenient way for small and individual businesses to accept payments"
Dan Scholey, CCO at Moneyhub commented: “Our partnership with Payme reflects our commitment to harness the power of the Moneyhub platform to simplify financial management and unlock economic potential and growth in the UK. It’s particularly refreshing to see an app aimed at young entrepreneurs, who are the future of our country’s economy.”
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About Payme
Payme (registered as Usepayme) is dedicated to simplifying payments for small businesses and entrepreneurs with its innovative app that combines ease of use with powerful financial technology. Aimed at Gen Z, Payme makes managing payments accessible and efficient, helping users feel established and in control.
About Moneyhub
Moneyhub is a data, intelligence, and payments company which develops ISO 27001 certified software for Open Banking, Open Finance, and Open Data applications. Its FCA-regulated Open Data platform enables companies to quickly and easily transform data into personalised digital experiences and initiate payments. Its APIs and fully customisable platform provide data aggregation, insights, notification nudges, and payment systems. As a result, clients have the consent-driven data and analytics they need to create super-personalised offers, products, and services. Hundreds of organisations, spanning finance to media and retail, rely on Moneyhub’s award-winning technology.