Paystro is a digital platform that simplifies international money transfers, allowing users to send and receive funds, exchange currencies, and pay bills with just a smartphone and an internet connection. By removing traditional transaction barriers and addressing the gaps left by other digital remittance solutions, Paystro makes cross-border financial transactions faster, more affordable, and easily accessible worldwide.
With real-time tracking, transparent fees, and a decentralised system, users enjoy seamless, secure transactions without hidden costs. Paystro offers a smarter, more efficient way to move money globally, whether for personal or business needs.
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Challenges
Traditional remittance relies on intermediaries like banks or money transfer operators, requiring senders to pay fees and endure unfavourable exchange rates. Transactions are often slow, lack transparency, and involve cumbersome paperwork. These inefficiencies make time-sensitive transfers difficult, increase fraud risks through informal channels, and limit accessibility in remote areas. Digital remittance platforms emerged to improve convenience, yet critical gaps remained.
To overcome these challenges, Paystro redefined the process by introducing decentralised currency exchange through its peer-to-peer marketplace, frictionless payment methods, real-time transaction tracking, and seamless bill payments. Designed for both individuals and businesses, Paystro transforms global transactions into a fast, secure, and user-friendly experience.
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Assurdly Partnership With Paystro
As a consulting partner, Assurdly joined the Paystro team to lead the development and delivery of a seamless digital payment platform. Acting in multiple capacities, we leveraged our product delivery expertise to transform the vision into a fully functional, market-ready solution.
Product Management: First, we worked closely with the Paystro team to define core product requirements, gathering insights from stakeholders to ensure every deliverable was clearly articulated and accurately documented. This structured approach allowed us to develop a well-defined roadmap, minimising the chances of ambiguous goals and ensuring the project stayed within scope. Throughout the development process, we provided compliance advisory, ensuring the product met all regulatory requirements for both the region and industry it serves.
Project Management: We structured the project into weekly milestones with clear goals, maintaining constant communication with stakeholders. Our team proactively monitored potential risks and project progress, ensuring Paystro's product features were developed and delivered on time.
Quality Assurance: At Assurdly, we take a shift-left testing approach, integrating testing early in the software development lifecycle, starting from the requirements and design phase. As Paystro’s features were rolled out, we conducted thorough functional and usability testing to validate that each component met stringent standards for functionality, efficiency, and user experience.
Paystro Features
Paystro is transforming cross-border financial transactions through innovative technology and user-centric design with the following features:
Flexible Payment Options: Effortless & Transparent
Users can make payments directly from their bank accounts, with cards, Apple Pay, Google Pay and other payment options coming soon for added flexibility. Paystro’s Refer & Earn and upcoming Earn As You Send features make every transaction more rewarding.
Peer-to-peer (P2P) marketplace: Secure & Reliable
Paystro enables users to exchange currencies directly on the platform, eliminating intermediaries and ensuring faster and more cost-effective exchanges. Its secure escrow payment allows users to engage in decentralised transactions confidently. Built-in chat functionality facilitates direct communication between users, allowing them to easily follow up on transactions until completion.
Bills Payment: Fast & Inclusive
Paystro simplifies essential payments, allowing users to instantly settle bills for family members, covering utilities, school fees, insurance, and more. Its real-time processing ensures timely payments, breaking financial barriers across borders.
Advanced Security: Reliable & Transparent
With sophisticated security protocols, Paystro safeguards user transactions, ensuring every payment is secure and free from hidden risks. Users can transfer money with confidence, knowing their financial data is fully protected.
Multi-currency Accounts (Coming Soon): Inclusive & Efficient
Paystro’s upcoming multi-currency feature will allow users to manage and transact between different currencies. Designed for businesses and families, this will enhance cross-border transactions while maintaining ease of use and cost efficiency.
Key Outcomes And Implications
Paystro’s solution was successfully delivered with a web app and mobile apps (iOS and Android), currently available in the United Kingdom for money transfers and payments to Nigeria, with plans to launch the UK-Kenya and UK-Ghana corridors in Q2 2025 and an expansion to Canada later in the year.
By partnering with Assurdly, the Paystro team entrusted us with building their digital platform from the ground up, transforming ideas into a fully functional, high-quality solution. Our systematic development approach allowed both quick development and efficient delivery of the product to meet all stakeholder needs.
Here's what our client had to say after delivering the product:
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