Paytiko: Revolutionizing Payment Orchestration
In an exclusive interview with Biz Tech Outlook, Paytiko's leadership reveals how their innovative payment orchestration platform is simplifying transaction management and empowering businesses to scale globally without the complexities of managing multiple payment systems.
Can you briefly introduce Paytiko and its core mission within the payment solutions industry?
Paytiko is a cutting-edge payment orchestration platform, designed to simplify and optimize payment processes for businesses of all sizes. As digital transactions become more complex, Paytiko aims to provide a comprehensive solution that not only streamlines payment management but also drives business growth. Our mission is to connect merchants to a vast global network of over 500 payment providers, empowering them with advanced tools and features that ensure seamless transaction management. By offering solutions tailored to various industries, Paytiko enables businesses to scale globally, without having to worry about the complexity of managing multiple payment systems. Regardless of industry, our platform ensures that businesses can focus on what they do best while we handle the intricacies of payment processing.
What are the key features of Paytiko’s payment platform, and how do they stand out from other solutions in the market?
Paytiko’s platform offers three primary products that are designed to cater to the diverse needs of businesses:
- Pay Ins: This feature allows businesses to accept payments from multiple channels, including credit cards, mobile wallets, and bank transfers. The flexibility to integrate multiple payment methods ensures businesses can operate globally with ease.
- Pay Outs: This tool streamlines the management of outgoing payments and refunds, supporting various methods to ensure businesses can disburse funds quickly and securely. Whether paying suppliers, employees, or partners, businesses can rest assured that the process is smooth and efficient.
- Reporting & Reconciliation: Our comprehensive reporting and reconciliation tools offer businesses real-time insights into their payment processes, helping them track transactions, monitor trends, and ensure accurate accounting. This is particularly useful for businesses dealing with high transaction volumes or complex global operations.
In addition to these core products, we offer advanced features such as Pay-By-Link, Smart Routing, Virtual Terminal, and more. Pay-By-Link enables businesses to send customized payment links to clients, making the payment process more flexible and user-friendly. Smart Routing optimizes transaction paths through user-defined preferred processors, to tailor to consumer payment preferences, increase transaction success rates, and minimize costs. Our Virtual Terminal feature allows businesses to accept payments via phone or mail orders, providing added flexibility in how they manage transactions.
All of these features, and more, are presented through a centralized and customizable turnkey dashboard, which sets Paytiko apart from competitors by offering greater control, speed, and flexibility to businesses.
How does Paytiko ensure secure and compliant payment processing for its clients, especially in a rapidly evolving regulatory landscape?
Security and compliance are top priorities at Paytiko. We ensure that all transactions processed through our platform are protected by adhering to the strictest security protocols in the industry. Paytiko is PCI DSS Level 1 compliant, which means that we meet the highest standards of payment industry security. This includes encrypting sensitive data, conducting regular security audits, and maintaining a robust monitoring system to ensure that our platform remains secure.
Additionally, Paytiko keeps pace with evolving global regulations, ensuring that businesses using our platform remain compliant in every region they operate. This includes adhering to various local regulations, such as data privacy laws and anti-fraud measures. We are also in the process of applying to be part of the Dubai International Financial Centre (DIFC), further demonstrating our commitment to regulatory compliance in key global markets. Our focus on security and compliance gives businesses peace of mind, knowing that their payment processes are secure and in line with global standards.
Can you describe the types of businesses or industries that benefit the most from Paytiko’s solutions?
Paytiko is a versatile platform that caters to a wide range of industries, making it an ideal choice for businesses of all types. Our clients span various sectors, including eCommerce, travel, hospitality, fintech, and SaaS. The flexibility and scalability of our platform make it especially beneficial for businesses that process a high volume of global transactions or need to manage payments across multiple regions.
One particular sector where Paytiko has gained significant traction is prop-trading. In fact, we are the leading payment orchestration software provider for this industry, with over 500 clients in the sector. Our platform’s ability to handle both large and small payment volumes makes it a perfect fit for prop-trading companies, which often deal with complex, high volume global transactions.
Other sectors that benefit from Paytiko include eCommerce, where businesses require quick and efficient payment processing to maintain customer satisfaction, and hospitality, where seamless transactions are crucial for enhancing the guest experience. For eCommerce, we offer various Plugins that connect our merchants to leading shopping platforms such as OpenCart, WooCommerce, WordPress, and Adobe. For hospitality, we allow merchants to integrate their personalized checkout pages to our systems, eliminating the need for We leverage AI-driven automated payouts, smart routing, and real-time payment tracking to stay ahead of emerging trends in the digital payments space.” redirections away from their sites. By offering solutions tailored to the unique needs of different industries, Paytiko ensures that businesses can thrive in today’s digital economy.
In what ways does Paytiko’s platform enhance the user experience for both businesses and consumers?
At Paytiko, enhancing the user experience for both businesses and consumers is central to our platform’s design. For businesses, our platform offers centralized management tools that simplify the payment process, making it easy to monitor and control transactions in real-time. Features, such as smart routing, optimize the transaction flow, ensuring higher acceptance rates and minimizing payment failures. This, in turn, leads to increased revenue.
Moreover, businesses can customize their payment pages and options without needing to navigate away from the platform, providing a seamless and efficient experience. This customization allows merchants to offer localized payment methods that cater to their specific customer base, improving customer satisfaction.
For consumers, Paytiko ensures a smooth, secure, and frictionless payment process. By allowing businesses to keep customers within their ecosystem during the checkout phase, we minimize disruptions and reduce the likelihood of payment abandonment. Quicker processing times and more reliable transactions enhance the overall customer experience, which translates into higher customer retention and brand loyalty for businesses.
How does Paytiko leverage technology and innovation to stay ahead of market trends in digital payments?
Innovation is at the heart of Paytiko’s strategy. We leverage AI-driven automated payouts, and real-time payment tracking to stay ahead of emerging trends in the digital payments space. By using artificial intelligence to automate payouts, we reduce the chances of human error and ensure that transactions are processed as quickly and efficiently as possible.
Additionally, our real-time payment tracking feature allows businesses to accurate locate and understand all “incoming and outgoing funds, through color-coded statuses, filtrations, charts, and transactional data. This overall simplifies the financial gargon that comes with payment management.
Paytiko is also committed to staying connected to the latest advancements in the fintech space. We regularly attend expos and events, such as GITEX Global 2024, Seamless Middle East, and others; where we engage with industry leaders and stay informed on the newest developments and trends. This proactive approach allows us to continuously improve our platform and introduce new features that address the evolving needs of businesses and consumers alike.
By staying at the forefront of technological innovation and maintaining a deep understanding of market trends, Paytiko ensures that our clients always have access to the most advanced, secure, and efficient payment solutions available.
We would like to showcase the founder and the team; could you please share more about them with our audience?
Our founder, Mr. Razi Saleh has an impressive track record ranging from marketing, managerial, and C-level roles at top fintech firms such as A.N. All New Investments Limited. Throughout his career, he constantly sought to partner with payment f irms that offered advanced payment optimization and management. Yet his search highlighted stark gaps present in the world of payments. Thus, he founded Paytiko, as he understood the need to provide a complete and seamless payment experience for merchants and end-customers alike. His leadership has bolstered the company’s presence in the digital payments arena, helped expand our marketing efforts in industry leading events, and constantly spurred us all to push our limits and boundaries to always present our clientele with the best possible platform and services possible.
Having been originally founded in Sofia, Bulgaria, we have since expanded our operations to the emerging fintech hub of Dubai, UAE. Our team consists of Majdi Salih (Chief of Business Development), Milen Marinov (Chief Product Officer), Hanan Al Shayeb (Chief Commercial Officer), Fawzi Saleh (Chief Marketing Officer), a diverse Dubai based business development team, and other professionals all geared towards onboarding merchant clients, connecting with emerging payment processing partners, and ensuring Paytiko runs smoothly in all facets.
“We leverage AI-driven automated payouts, smart routing, and real-time payment tracking to stay ahead of emerging trends in the digital payments space.”
“Paytiko keeps pace with evolving global regulations, ensuring that businesses using our platform remain compliant in every region they operate.”
Company Name : Paytiko
Website : https://www.paytiko.com
Management Team
Mr. Razi Saleh | Founder
Majdi Salih | Chief of Business Development
Milen Marinov | Chief Product Officer
Hanan Al Shayeb | Chief Commercial Officer
Fawzi Saleh | Chief Marketing Officer