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PayMyWay

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Payment splitting solution enabling contactless transactions for shared expenses.

Overview

PayMyWay focuses on payment splitting solutions that allow users to divide transaction costs among multiple parties. The service is applicable in situations such as joint gifting, shared living expenses, and collective subscriptions. It automates the division of payments, promoting fairness and transparency, and integrates with existing payment systems for direct debits and real-time settlement. The platform includes a contactless payment option, enabling users to manage shared expenses via mobile devices. PayMyWay targets restaurants and bars in the Puget Sound area, responding to the demand for no-contact payment solutions during the COVID-19 pandemic, which supports safe business operations and enhances accountability in financial management.

Key facts

Founded
2024
Sector
Payments

Business model

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About PayMyWay

What does PayMyWay do?

PayMyWay focuses on payment splitting solutions that allow users to divide transaction costs among multiple parties.

Where is PayMyWay headquartered?

PayMyWay is headquartered in Nashville, United States.

When was PayMyWay founded?

PayMyWay was founded in 2024.

Which sector is PayMyWay in?

PayMyWay operates in Payments, part of Financial Technology.

Who are PayMyWay's competitors?

Companies similar to PayMyWay include Zplintr, Splitcart, and Paymo.