Paycent: Enabling everyone to pay online

Paycent: Enabling everyone to pay online
Behind Paycent are two women entrepreneurs and visionaries, Sumedha Goel (left) and Svetlana Umarova.

MANILA, Philippines — Singapore-based Texcent is poised to be a global leader in mobile and cashless transactions as it launches Paycent.

A digital payment platform, Paycent enables users to pay bills and merchants, as well as send and receive funds domestically and internationally. It also caters to merchants who can accept cashless payments conveniently through a separate, customized app.

Behind Paycent are two women entrepreneurs, Sumedha Goel and Svetlana Umarova, who observed that overseas workers send funds to their loved ones back home. From this came their desire to bring down costs of money transfers and financially connect these people round-the-clock, across borders.

Thus, Paycent was conceptually born in 2014. And finally, it will be launched in Singapore and the Philippines this month. This will be followed by launch events in Hong Kong, Indonesia, Malaysia, Myanmar, Vietnam, Thailand, Pakistan, Nepal, Bangladesh, India and UAE within the year. It has offices across the Asia Pacific and the Middle East and shall be expanding its presence in Central Asia and Eastern Europe very soon.

Paycent runs on an entirely virtual channel and is comprised of two apps: one for users and one for merchants. Paycent/Released 

A digital platform

Paycent runs on an entirely virtual channel and is composed of two apps: one for users and one for merchants.

The user app allows adding funds, sending and requesting payments and paying bills. It also enables users to pay through split bill, top up mobile load, as well as view ongoing offers, discounts and promotions, among many other things.

Users can pay for products and services offered by Paycent’s online and offline accredited merchants and partners. They can add funds through credit cards, debit cards, bank transfers, and over-the-counter cash through merchants and bank partners.

Then there is the merchant app, which enables businesses to generate bill invoices. A merchant can add funds to their e-wallet simply via bank transfer or with cash via Paycent outlets.

Cashless lifestyle

Start the journey toward a “cashless economy” with Paycent and experience its many advantages.

The efficient money transfer platform also allows users to make mobile payments, and send and receive funds without using actual cash or credit cards.

It can also be used to pay bills real time, purchase airline tickets and transfer funds to another person (cross-border)—as long as both users have the mobile app. There is no minimum amount required.

The technology is not only an easy-to-access solution for both users and merchants, it also serves as a medium for safe and secure transactions. It brings more transparency in the economy, as all transactions leave a digital record.

Paycent will be available on the App Store and Google Play Store before the end of July.


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