PayNet LLC

Alternative payments system in Macedonia. Automated Instant Cash Payment System based on Payment Terminals (smart kiosks similar to ATMs but accepting cash instead of dispensing). The system is designed to process cash payments for various services (mobile communication, utilities, insurance policies, taxes and fees, etc.) in the regions with extensive use of cash in the economy (in Macedonia more than 80% of all payments made by individuals are made in cash). At the same time E-Wallet will be introduces which users will be able to top up using Terminals. Two product development stages Phase I - Geographic coverage expansion Phase II - Product Expansion: will be focused on introduction of more advanced payment solutions and ultimately introducing electronic wallet (e-wallet) and electronic currency They ALREADY established company in Macedonia, received approval from the regulator, and sign contracts with major service providers to process payments for their services.