Paytile Join Forces
“Can geo-location replace account numbers as the primary identifier for private, cashless P2P payments?”
IndustryFintech / Consumer banking
The story
PayTile is a fintech company that pioneered geo-location-based peer-to-peer (P2P) payments, allowing users to transact without sharing personal information. In January 2022, Cross River Bank announced it would power PayTile's infrastructure, providing core banking and payments capabilities. The company positions itself at the intersection of privacy-preserving payments and location-based commerce.
Last 12 months
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Product timeline
2022
Cross River Bank announced partnership with PayTile to power its location-based P2P payments app with core banking infrastructure and payments capabilities.· banking
The stack
Accounting gap: none