Introducing PayK — Group Payments
Today marks the public launch of PayK, the social finance platform for groups and communities. A next-generation evolution of PayBox, the Israeli fintech with over a million active users, PayK is purpose built for Australia. Launching with a new brand, a redesigned product, and benchmark payment technology compliant with Australian financial security standards.
PayK is designed to make it simple and effortless to collect money with anyone for anything. Digital banking and finance has come so far — but money is still so much about person-to-person transactions. We’re making group finance simple with instant, temporary wallets for any purpose, with realtime transparency, automatic reminders, and, benchmark security. All 100% free.
To use PayK, all you need is a goal, and a group of people. For example: Going away gift for Hannah with Tim, Matt, and Sarah. Here’s how it works.
- Create a group, name it, and invite everyone involved, we make it easy with direct messages, or a shareable link.
- Watch as they contribute funds instantly using any Australian Visa or Mastercard, you can see who’s paid and who hasn’t in realtime! And if anyone’s slowing the group down, you can ping them with notifications right from the group screen.
- When everyone’s chipped in, simply withdraw the full amount to your Australian bank account, totally free, and get on with your life without the burden of social debt, scanning statements, or handling cash.
And that’s it. Simple, painless, and super fast. Perfect for gifts, holidays, dinners, barbecues, sharehouses, bucks or hens nights, or anything else where money between groups always sucks!
PayK is available for free on Android or iOS, and if you need any help getting set up, call our support line during business hours at 1800 729 528 (we’ll even set up your groups if you’re feeling lazy!)
Enjoy!
