Safepay Analysis
What is Safepay?
Safepay offers a digital payment platform for businesses, facilitating payments via credit cards, debit cards, bank accounts, and mobile wallets.
Employees
4
Founded
2019
Investors
- Stripe
- Other undisclosed investors
Product Features & Capabilities
- Credit card payments, debit card payments, bank account payments, mobile wallet payments, cash and cheque payments, powerful payment APIs, detailed transaction reporting, instant fund settlement, high success rates, secure payment processing.
Pricing
- Domestic Transactions: 2.9% + Rs 30 (Exclusive of tax)
- International Transactions: 3.2% + Rs 30 (Exclusive of tax)
- Custom Pricing: Custom MDRs can be negotiated based on volume committed, subject to a monthly fee covering premium support, maintenance fee, and custom fraud rules.
Who are the founders of Safepay
ZP
Ziyad Parekh
Founder, CEO
Market Focus
Safepay primarily focuses on the digital payments industry, providing a platform for businesses to accept various payment methods, including credit cards, debit cards, bank accounts, and mobile wallets.
Business Model
Transaction fees of 2.9% + Rs30 domestically; 3.2% + Rs30 internationally.
Competitors Overview
The main competitors of Safepay in the digital payment solutions market in Pakistan include:
- JazzCash: A leading mobile wallet service that allows users to make payments, transfer money, and pay bills. JazzCash is known for its extensive network and user-friendly mobile app, making it a popu
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