PayWay logo

PayWay

by PayLogic
No reviews yet
Active3+ countriesCloud
Quick facts
VendorPayLogic
Year launchedN/A
StatusActive
LocationCasablanca Business Area, 5, Rue Ibn Al Jaouzi, Quartier des Hôpitaux, Casablanca, 20380, MA
Countries served3+
Languages1
IntegrationsN/A
Free tierN/A
Free trialN/A
Contact salesYES

About PayWay

PayWay is a payment processing software from PayLogic that facilitates online transactions. It offers features such as secure payment gateway integration, real-time transaction tracking, and customizable reporting tools so businesses can manage their payment processes efficiently. The platform is designed to support various payment methods, including credit cards, debit cards, and digital wallets, ensuring a broad range of options for customers. Additionally, PayWay includes fraud detection mechanisms to improve security for both merchants and buyers. Key capabilities: secure payment processing real-time tracking customizable reporting fraud detection multi-currency support Best for: e-commerce businesses that need reliable and secure online payment solutions.

PayWay by PayLogic is an interoperable payment switch designed to support national and regional financial schemes by enabling seamless transaction processing across diverse payment channels. It is built to unify fragmented payment infrastructures, offering a secure and efficient backbone for financial institutions, regulators, and service providers. The user interface of PayWay is designed with clarity and operational efficiency in mind. Its dashboard provides a comprehensive view of transaction flows, settlement statuses, and compliance metrics, ensuring that administrators and operators can monitor activities without confusion. Navigation is intuitive, with well-structured menus that separate core functions such as transaction routing, reconciliation, and reporting. A unique design element is its real-time monitoring interface, which visually represents transaction volumes and anomalies, allowing users to quickly identify and resolve issues. Functionality is where PayWay excels. It supports multi-channel interoperability, enabling transactions across ATMs, POS terminals, mobile wallets, and online banking systems. Distinctive features include its ability to handle scheme-level settlement, regulatory compliance automation, and fraud detection.

Pros & Cons

Pros
  • Supports multiple payment channels including credit cards, BPAY, PayPal, and direct debit.
  • Daily transaction reporting helps businesses track payments and cash flow easily.
  • Recurring billing and subscription tools simplify management for SaaS and membership businesses.
  • Fraud detection and encryption features provide strong protection for customer data.
  • Payment matching using customer reference numbers reduces reconciliation errors.
Cons
  • Limited advanced analytics restrict deeper insights into customer behavior.
  • Integration with external enterprise systems is less flexible compared to competitors.
  • Occasional delays in settlement frustrate merchants relying on fast cash flow.

Features

Key features

National payment switch hub

centralizes transactions for authorization and settlement

Single interface to schemes

connects to VISA, MasterCard, American Express, and Diners Club via one interface

Enhanced interoperability

enables seamless transactions across banks, mobile wallets, and PSPs

Standardized fee structures

differentiates MDR for credit vs. debit to align fees with risk and processing

Revenue opportunities

supports value‑added services like phone cards and gift cards for merchants

National/stored value cards

enables issuance and use for local transactions and distribution of social benefits/pension cards

Additional features

Cost savings

neutral platform reduces multiple processor relationships and associated processing costs

Internet & mobile switching

robust platform for online and mobile payments with reduced fees and secure options

Low‑cost ATM sharing

interoperable ATM access across bank networks to lower customer fees

Clearing and settlement

facilitates accurate accounting for small retail and larger value transactions

Extensible for new entrants

scalable onboarding for banks, MNOs, fintechs, and billers

Central bank use case

promotes financial inclusion via unified, interoperable infrastructure

Pricing

Free trial
Free version
Request a quote
Promo Offer

Countries & Languages

3
Countries served
1
Interface languages
3
Billing currencies

Available in

MoroccoUnited KingdomUAE

Interface languages

English

Billing currencies

🇲🇦MAD🇬🇧GBP🇦🇪AED

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