Not From Silicon Valley

Giorgi Tsurtsumia - Enabling E-Commerce in the Post-Soviet States: (PAYZE)

av Not From Silicon Valley | Publicerades 7/7/2021

E-commerce is already a USD$5 trillion market. The likes of PayPal, Stripe, and many others have helped the global e-commerce space grow exponentially, serving effectively as the payment bridge between consumers and online retailers. Whilst e-commerce has boomed in the US, China, and throughout Europe and India, there's one area of the world that has been slower to adapt: The region made up of the former Soviet states, including: Eastern Europe: Russia, Ukraine, Belarus, Moldova West / Central Asia: Uzbekistan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan Eurasia: Georgia, Armenia, Azerbaijan Baltics: Estonia, Latvia, Lithuania The total population of these 15 countries: 300+ million But with different currencies and payment systems within each country, no payment gateway or processor has been able to integreate the region and start an e-commerce boom. Until now. Meet PAYZE, born and bred in the Eurasian country of Georgia.  Since launching only last year, they've processed over 90,000 transactions and are growing 35% month on month. This type of growth is reason enough for PAYZE founder Giorgi Tsurtsumia's say: "We're becoming the Stripe of the former Soviet states". How? Tune in to find out.

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