Paymobil
Paymobil, formerly known as Epay / Mutiny and Epay, is a fintech company based in San Francisco, offering a global bank account replacement through its app that utilizes USD Coin (USDC) on the Polygon Network for secure and instant global transactions.
Services
Paymobil offers a range of financial services designed to provide a global bank account replacement using stablecoins. Users can send money to any email or phone number worldwide in seconds. Transactions on the platform are free of charge. The app allows for buying, saving, and earning in US dollars regardless of the user's location. Users can also purchase dollars or receive payments in stablecoin within the app using their bank accounts or cards.
Technology and Security
Paymobil utilizes USD Coin (USDC) on the Polygon Network for transactions, ensuring secure, fast, and cost-free monetary transfers. The application operates with a non-custodial architecture, enabling a global launch and operation. Private keys are generated on the user's phone and backed up automatically to iCloud or Google Drive, ensuring only the user has access to their funds. USDC used in transactions is audited monthly by one of the top five accounting firms in the US, and it can always be exchanged for USD at various global exchanges like Coinbase, Circle, and Binance.
Accessibility and User Experience
Designed to be highly user-friendly, Paymobil is the first wallet that offers ease of use comparable to legacy p2p services without requiring the user to understand the underlying cryptographic technology. The app is available for download on both the Apple App Store and Google Play Store. This ensures accessibility for users across different devices and platforms. By focusing on user experience, Paymobil facilitates easy navigation and seamless financial transactions.
Company Information
Paymobil, formerly known as Epay / Mutiny and Epay, operates within the fintech industry with a focus on payment solutions. The company is headquartered in San Francisco, CA, USA, and supports remote operations. Paymobil was part of the Y-Combinator W20 batch. The application and services are licensed to end-users by Mutiny Payments Inc, located in Claymont, Delaware. The end-user license agreement was last updated on May 20, 2020.
Global Reach and Operations
Paymobil operates on a global scale, serving regions including the United States of America, Canada, and worldwide through remote access. The platform's non-custodial architecture supports a global launch and operation, making it possible for users to participate from virtually anywhere. The ability to transact, buy, save, and earn in US dollars facilitates cross-border financial activities seamlessly, supported by the widespread acceptance and audit of USDC on the Polygon Network.