Redefining Digital Banking with Utila’s Secure and Efficient Crypto Solutions 

About PayeCards

International Finance Company & Digital Banking Platform

PayeCards is a leading international financial services provider redefining digital banking for a global audience.

They offer a comprehensive suite of financial solutions, including international money transfers, cross-border card acquiring with multi-industry offerings, e-wallets and full banking services with IBANs, seamless integration with Apple Pay and Google Pay and secure crypto trading with multiple fiat currencies. Payecards offers tailored banking solutions for both B2B and B2C clients.

The Challenge

Breaking Free from Legacy Crypto Solutions

Payecards had migrated its backend crypto operations to Utila platform from an established legacy player in the digital asset operations space because of unreasonable pricing, slower transactions and limited functionality with the provider.

PayeCards faced several challenges in managing their growing crypto operations:

Inefficient Transaction Management:
The transaction speeds and managing a high volume of crypto transactions for individuals and business clients across multiple cryptocurrencies required a more efficient solution.

Complex Wallet Management:
Managing multiple wallets and generating unique addresses proved cumbersome.

Limited Functionality and High Costs:
PayeCards’ previous provider lacked the necessary features and flexibility, and the pricing structure was not competitive.

Security Concerns:
Safeguarding user funds and complying with stringent regulations was paramount.

Additionally, Utila’s flexible “pay only for what you use” model reduced monthly costs for Payecards. By seamlessly integrating Utila’s robust MPC wallet solution, PayeCards has significantly streamlined its operations, enhanced security, and expanded its service offerings.

Utila’s responsive team facilitated a smooth transition from PayeCards’ previous provider, ensuring minimal disruption.

Beyond powering PayeCards’ core digital banking operations, Utila’s technology is also at the heart of the first-ever Telegram bank app, demonstrating its versatility and scalability. This partnership highlights Utila’s commitment to driving innovation in the digital asset space and empowering businesses to offer secure and efficient crypto services to their customers.

Utila has been a game changer in helping us deliver innovative, secure crypto solutions to our diverse client base. We evaluated several MPC wallet solutions, and Utila clearly stood out with its intuitive interface and cutting-edge security features. Their technology ensures that we always meet the highest standards of security and efficiency in blockchain transactions.

Hasan Bayraktaroglu, Group CEO of PayeCards