How they describe themselves: PayKey is a FinTech that develops a unique Social Banking solution: a smartphone keyboard which is fully integrated with the bank’s apps. The keyboard is state of the art, meeting the highest industry standards, with one main addition: it carries the banking key, fully customized to our customer’s brand. Tapping the key opens a menu of services that users can instantly complete – Peer-to-Peer transfers, balance checks, credit top ups, chatbot service and more – from within ANY app, directly from their keyboard. This solution dramatically improves the mobile banking experience, streamlining it to the natural flow of social conversations.
How they describe their product/innovation: We will demo the user experience of PayKey’s Social Banking Solution, demonstrating instant access to key banking services from within any app – directly from the smartphone keyboard. Our demo will start with a WhatsApp chat, in which our demoist will tap the banking key and choose the Peer-2-Peer payment option, select a contact and a payment amount, and authenticate the transaction – completing the payment in 30 seconds without ever leaving WhatsApp. Following similar steps, she will check her account balance and choose the cardless withdrawal option to generate a one-type pin code for cash withdrawal from within the chat.
Product distribution strategy: Through financial institutions