Paypa Plane is the future of recurring payments. Linking business and customer-facing tools, we create transparent, manageable and secure recurring payment relationships that support financial literacy for consumers and businesses alike. Our one-of-a-kind tools bring transparency, trust, accountability and security to a recurring payment arrangement. Our consumer-facing recurring payment digital wallet allows consumers to self-manage their payments and allows for secure content to recurring payments to be given. Our business dashboard means that each payment arrangement can be managed and accurate cash-flow predictions can be viewed. In addition, our declined payment management flow is impactful and supports optimized cash-flow for businesses whilst respecting the underlying consumer-business relationship. In other words, we support a happy customer-business relationship, reduce customer churn for businesses and still capture 98.6% of all expected cash-flow within 72 hrs of the original due date.
Paypa Plane launched in August 2018 with 1 business customer and 80 consumer accounts. We now process for over 50 businesses and have over 5000 active consumer accounts.
We are focused on not just processing payment via direct debit (BECS, SEPA, ACH etc) and credit card but also enabling fast-payments for recurring 'pre-approved' payment schedules (and the account verification and consent mechanisms that this will require). Our systems are designed as a management system which can accommodate many alternate acquirers and aggregators - meaning Paypa Plane is set to become a SaaS tool for large enterprise, FIs and payment facilitators to better manage their own recurring payments.