Categories: News

GDP Inc. Launches PEZZAPay, the First P2P Platform Set to Change How Businesses Make Cross-Border Payments

SMEs in the Philippines will be able to have someone settle their payments in Japan and China as if they were making these payments locally.

Manila, Philippines, August 28, 2019 –(PR.com)– Some products can be cheaper if bought in Japan or China compared to The Philippines. One thing stopping Filipinos from enjoying these discounts are the cost and inconvenience of making a cross-border payment.

Asian Fintech start-up GDP Inc. is launching a Peer-to-Peer solution for businesses called PEZZAPay. The platform matches users with someone in Japan or China tasked to execute a desired payment on behalf of the user.

Users provide the funds locally, allowing them to bypass up to 80% of transaction costs and to settle payments within 1 day. The platform safeguards the transaction process.

Victor Wu, co-founder of GDP inc., says: �As businesses grow and experience more cross-border activity, they face a traditional banking system that often overlooks SMEs.

“Traditional methods provide inefficient cross-border services with expensive fees, long transaction times, unfavorable exchange rates and even transparency issues.

“GDP aims to make PEZZAPay the best fintech alternative that allows its users to access a faster, cheaper, easy-to-use and reliable cross-border payment solution.”

Early testers of the platform say: “It’s like asking a friend you trust to pay for you abroad and having the peace of mind that everything will be ok.”

PEZZAPay is now available for early adopters. The platform anticipates to grow its user poll in the upcoming weeks to facilitate the innovative payment ecosystem.

To encourage new users to discover the benefits of using the PEZZAPay platform, GDP is offering an unprecedented 0% service fee in all transactions from now until October 31st.

Let’s block ads! (Why?)

Miscw.com

Recent Posts

Lee Kum Kee partners with HCSA Community Services to support and help aspiring individuals to enter the culinary world

Lee Kum Kee aims to equip these individuals with the professional skills and knowledge to…

8 mins ago

Inocras Hong Kong Limited, in Collaboration with Cancerinformation.com.hk Charity Foundation and Sponsored by AstraZeneca Hong Kong, Offers Free BRCA or HRD Genetic Testing for Eligible Cancer Patients in Hong Kong and Macau

HONG KONG--(BUSINESS WIRE)--Inocras Hong Kong, in partnership with Cancerinformation.com.hk Charity Foundation (CICF) and generously sponsored…

52 mins ago

The ASEAN-Japan Centre Relaunches Official Website: New Database and Interview Content Added

TOKYO--(BUSINESS WIRE)--The ASEAN-Japan Centre (AJC) renewed its official website (https://www.asean.or.jp/). On the top page of…

2 hours ago

Fortanix Accredited by Singapore’s IMDA, Commits to Help Organisations Strengthen Data Security Posture

Being accredited allows Fortanix to establish strong credentials as a trusted data security provider with…

2 hours ago

Fabrinet Announces Third Quarter Fiscal Year 2024 Financial Results

Exceeds Guidance Ranges with Record Revenue and Net Income Per Share BANGKOK--(BUSINESS WIRE)--Fabrinet (NYSE: FN),…

7 hours ago

South Korea Data Center Market Investment Analysis Report 2024-2029: Opportunities in IT, Electrical, Mechanical Infrastructure, General Construction, and Tier Standards – ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "South Korea Data Center Market - Investment Analysis & Growth Opportunities 2024-2029" report…

10 hours ago