Country: USA
Year: 2015
Concept
- Beyonic is based in the US (Washington D.C., Austin) and Uganda and offers mobile payment solutions to organizations in emerging markets
- The start-up offers their service through a mobile app that companies can use to digitize their workflow payments, pay their employees, and collect funds
- Their core revenue stream consists of taking a percentage per transaction and commissions from telecom partners
- The payment API can integrate with 15 different enterprise payment applications (currencies are currently limited to UGX, Uganda, and KES, Kenya) that uses CURL, PHP, RUBY, PTYHON or JAVA as client libraries
Consumer Benefits
- Total budget control: Beyonic allows users to create a balance for each country, each project, department or region, and work with multiple customers and currencies
- Cybersecurity: payments are protected via the web app and API that allows pre-confirmation of recipients’ identities, and backed by approval controls and traceability
- End to end digital money processing: Beyonic makes it easy to entirely digitize money transactions, from collection to payments, every transaction can be done via a mobile device
How To Use
- Businesses can create a free trial account online directly on Beyonic’s website
- Full customization of reports/environment and system integration is made easy, and support is available on request