Collect & Pay

Collect & Pay is a financial technology company (fintech) operating under the AIFC (Astana Financial Services Authority, Kazakhstan) license since 2020. The company's mission is to offer businesses a technological platform for global cash flow management: receiving funds, paying out and optimizing spending.

Collect & Pay is part of the Collect Group, which unites several technology companies specializing in SaaS solutions, Open API and cash flow management. The license for activity was received from AIFC in 2022 under number AFSA-A-LA-2022-0023 and is perpetual. The management includes CTO Vladimir Belikov, CRO Lenar Fatkhullin, Director Evgeniy Gonchar, CFO Assel Suleimenova and Head of Support Natalia Sivolina.

Services and solutions

Collect & Pay provides a range of financial services for businesses:

• Multi-currency accounts: balance management, transactions, automatic currency conversion. More than 170 countries are supported, including Europe, Asia, Africa and America.
• Receiving and sending payments: business clients can quickly accept payments from customers and make international transfers.
• Issuing UnionPay cards: instant issuance of payment cards with 3DS support and the ability to link to the platform.
• Integrations via Open API: the platform is easily integrated into ERP, CRM and accounting systems.
• Analytics and reporting: automated reports and recommendations for optimizing financial transactions.
• Security and compliance: two-factor authentication, data encryption, compliance with AML and KYC standards.

Target audience

Collect & Pay is focused on international companies, especially those working with emerging markets. The clients include online retail, marketplaces, freelance platforms, companies engaged in payments to counterparties and staff salaries. The platform has proven its effectiveness in the conditions of unstable currencies and limited infrastructure of developing markets.

Partners and integrations

The main partners are UnionPay (card issuer), as well as various local payment systems and banks around the world, connected via API. The company is actively expanding its partner network to cover more than 900 payment methods in hundreds of countries.

Platform advantages

One of the main advantages of Collect & Pay is its global coverage - the platform supports work in more than 170 countries and is integrated with more than 900 payment methods. This allows businesses to scale up and enter new markets without complex additional connections.

The company ensures fast processing of transactions: most payments are processed within 1-2 days, which has a positive effect on cash flow and the stability of business processes.

The transparent pricing policy is worth mentioning separately. Commissions for cross-border transfers and other transactions are known in advance, which reduces financial risks and helps plan expenses.

An important advantage is the high level of security. Collect & Pay complies with international AML/KYC standards, uses modern encryption and two-factor authentication, which minimizes the risk of fraud.

Finally, the platform is flexible in integration — thanks to the open API, it can be easily connected to existing CRM, ERP and accounting systems, adapting the functionality to the needs of a specific business.

Disadvantages and limitations

• Limited licensing regime: activities are regulated only through AIFC, which may impose additional requirements for operations in other jurisdictions.
• Dependence on UnionPay: payment cards are focused primarily on their ecosystem, which may not be so convenient for clients working in regions with other banking systems.
• Limited public information about clients: most cases are not publicly disclosed, which complicates the assessment of reliability based on external reviews.
• Entry threshold: for large transactions, turnover limits and requirements may be set.

Collect & Pay is a promising fintech player offering a convenient, secure and scalable solution for managing global payments and finances, especially relevant for companies operating in developing countries. A strong technological base, flexible infrastructure and security provide the platform with competitive advantages.

IT-OFFSHORE is ready to help your business open an account in Collect & Pay, select the optimal service structure and ensure integration with platforms that meet your corporate needs.