PayId | Ziksu

What is PayID? Why PayID matters? How it works with ZiksuPay’s PayID integration? Benefits over traditional payments The Growing Impact of PayID on Payments

PayID: Simplifying Secure and seamless payments

What is PayID?

PayID is an innovative digital payment system that simplifies the way we send and receive money. Instead of using complex bank account numbers or payment codes, PayID allows users to make transactions using simple, easy-to-remember identifiers like email addresses or phone numbers. PayID brings together multiple payment platforms, offering a faster, more secure, and universally compatible solution for digital payments.

Why PayID matters?

For businesses, PayTo provides an easy way to set up and manage payment agreements with customers. Here's how the process works:

Simplifies Payments

Forget the hassle of long account numbers or payment details. PayID lets you use a simple identifier like your phone number or email address, making transactions quicker and easier

Enhanced Security

PayID reduces the risk of errors and fraud. By linking a payment to a unique identifier, you can be sure that your payment is directed to the correct recipient, ensuring security and accuracy.

Universal Compatibility

PayID works across different payment platforms and networks, making it easy to send and receive payments whether you're using an online wallet, bank app, or third-party service. This flexibility means you can connect with others, no matter the platform they use.

Lower Fees

Traditional banking systems and cross-border payments often come with high fees. PayID integrates various networks, reducing transaction costs, making payments more affordable.

How it works with ZiksuPay’s PayID integration?

PayID Creation: ZiksuPay automatically generates and links your PayID to your account, streamlining the process without needing a separate signup with a bank or payment provider.
Send/Receive Payments: With ZiksuPay, you can easily make payments by using your recipient's QR code, which contains their PayID for quick and secure transactions.
Back-End PayID Integration: ZiksuPay integrates PayID seamlessly on the back end, ensuring smooth cross-platform transactions across different payment networks without any compatibility issues.

Benefits over traditional payments

Traditional payment methods like credit cards and bank transfers can be time-consuming and prone to errors. PayID simplifies the entire process—no more entering long numbers or dealing with confusing international fees. ZiksuPay QR code contains your PayID. It’s fast, secure, and cost-effective transaction method.

The growing impact of PayID on payments

Yes, PayTo serves as a modern, digital alternative to traditional direct debit systems. While direct debit relies on outdated paper-based processes and lacks flexibility, PayTo allows for real-time payments with customer authorisation before funds are debited. This offers businesses better control over payments, while consumers enjoy more visibility and security. As a result, businesses and consumers alike are adopting PayTo for its superior experience.