About ePayments

We ceased working with PSI PAY and having already partnered with Mastercard we were able to issue cards and directly interact with the payment system.

We made major upgrades to our iOS and Android apps, which included the addition of new features and an even slicker design. This led to the app receiving a rating average of over 4.6 on the AppStore and Play Market.

We also translated our website, the clients’ personal area, and the app into Spanish and Portuguese to meet the demands of an expanding global market – especially in Latin America.

In recognition of how seriously we take security we received PCI DSS Level 1 certification. It is an obligatory certification for all large financial institutions that requires meeting over 200 information security and data standards.

We also finished our partnership with WaveCrest and started working with new card issuer PSI PAY and all our clients received replacement cards within two months.

We also added a new currency – the Russian rouble.

We launched a new version of ePayments which included added security – such as payment password and two-factor authentication – and an improved appearance.

Most of the functions that our clients have become familiar with were also launched. They included innovative features such as wire transfers – which enable our clients to send money to a bank account or settle payments with a partner abroad. In addition, we introduced a profit-sharing scheme whereby every client could earn from ePayments.

We also made ongoing enhancements and user improvements. We added convenient service additions such as being able to order a second card in another currency. We also added time-saving payment templates, instant money transfers and payments by phone or email. Finally, we increased our investment in our team and expanded across all departments.

We received our Financial Conduct Authority (FCA) licence in July, giving us the rubber stamp of approval needed to show that we are a reliable financial organisation. As our regulator is based in London – one of the world’s most prestigious financial centres – it opened up many new opportunities. It enabled us to replace our card issuer for example, and we began working towards becoming a Mastercard principal partner. It also gave us the opportunity to partner directly with Yandex, Qiwi and WebMoney.

We launched new products such as integration with WebMoney and euro cards for our clients, in addition to co-branded card projects.

To reflect our high standards we carried out the necessary work to receive authorisation from the London-based regulatory body, the Financial Conduct Authority (FCA) – being UK-based it is one of the most stringent and respected regulatory bodies worldwide.

The first version of ePayments.com went live. It focused on personal payments, offering wire transfer receipts and enabling clients to withdraw money onto their own cards – big innovations at the time.

We also made the decision to become a fully-fledge financial institution. This enabled us to build our own independent payment infrastructure and become a Mastercard Principal Member. We also linked our services with alternative payment systems and opened our own bank accounts. In addition, we made preparations to receive a regulatory licence in recognition of the high system security we had put in place.

The Electronic Payments Association was founded by entrepreneurs from the affiliate-marketing and e-commerce market. Their extensive experience led them to recognise that there were not enough services offering instant cross-border payments. The year was spent working on a solution, putting together agreements with contractors and preparing for launch.