Company

Why We Built PayZen: Our Story

PT
PayZen Team
January 5, 2025
5 min read
Why We Built PayZen: Our Story

The Problem We Saw

Frustrated person with finances

💭 The Frustration Was Real

In 2023, our founders experienced firsthand the frustration of sending money internationally. Traditional banks charged exorbitant fees, hid exchange rate markups, and took days to complete transfers. Worse, there was little transparency about where your money was or when it would arrive.

We knew there had to be a better way. Australian businesses need efficient cross-border payment solutions – whether paying international suppliers, receiving payments from global clients, or managing multi-currency transactions. Yet the options available were either expensive, slow, or both.

Our Mission

🎯

Our Simple Mission

Make international money transfers as easy, fast, and affordable as sending money to a friend across town. We believe everyone deserves access to fair exchange rates, transparent fees, and reliable service.

Building with Compliance First

Compliance and regulation

From day one, we committed to doing things the right way. We obtained our AUSTRAC license and built our entire platform with regulatory compliance at its core. This wasn't the fastest path, but it was the right one.

🛡️ AUSTRAC Licensing Means

Your money is protected and held in segregated accounts
We follow strict anti-money laundering and counter-terrorism financing protocols
We're subject to regulatory oversight and ongoing compliance monitoring
Your transfers are secure and compliant with all Australian regulations

Our Values

📊

Transparency

We show you the real mid-market exchange rate and our fee upfront. No hidden charges, no surprises.

Speed

We've built our technology to be fast without compromising security. Delivery times vary by destination.

⚖️

Fairness

Everyone deserves access to fair exchange rates, whether you're sending $100 or $100,000.

🔐

Security

We protect your money and data with bank-level security measures and full regulatory compliance.

What We've Achieved

Team celebration

Since launching, we're proud to have:

Licensed
AUSTRAC Regulated
Growing
Community
Multiple
Countries Supported
Transparent
Pricing & Fees

💰 Competitive pricing that helps businesses save on cross-border payments

Looking Forward

Future vision

We're just getting started. Our roadmap includes:

Expanding to more corridors and currencies
Launching advanced business features for enterprises
Building deeper integrations with popular platforms
Introducing multi-currency cards for easier spending abroad
Developing AI-powered tools to help you time your transfers

Join Us

We're Building This For You

Whether you're a business paying international suppliers, receiving payments from global clients, or managing cross-border transactions, we're here to make your business payments easier.

Thank You

🙏

To every business client who's trusted us with their payments, every team member who's worked tirelessly to build PayZen, and every business that's provided feedback – thank you. This is just the beginning.

– The PayZen Team

Melbourne, Australia 🇦🇺

Ready to start saving on your transfers?

Join businesses using PayZen for cross-border payments

Key Takeaways
  • Transparent pricing with mid-market rates
  • AUSTRAC licensed and regulated
  • Fast transfers - delivery times vary by destination
  • Bank-level security encryption

AUSTRAC Licensed (AU)

PayZen is a registered remittance service provider licensed by AUSTRAC

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