MPAY, as a company was established in 2010, with the aim of providing bank-centric mobile payments on the Albanian market. Its namesake service was launched in 2013 in collaboration with Raiffeisen Bank Albania and Societe Generale Albania (now OTP Bank Albania).
MPAY provided a payment processing switch allowing clients of banks to pay their utility bills, top up their mobiles, check balances of their bank accounts and receive alerts of their utility invoices. This was a pre-mobile banking era.
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The innovation MPAY brought at the time was the connection of clients’ mobile phones, regardless of how smart or basic they were, to those clients’ bank accounts. Such connection enabled and increased the interaction between bank clients and their bank accounts in terms of utility and usage.
All over the world, the adoption of mobile payments is transforming how people interact with money. Our belief is that the wide usage of mobile devices, coupled with electronic money movement, will change the landscape of financial services in Albania.
The initiation of MPAY services is made available through the implementation of the latest, most customized technologies. MPAY cooperates with Bank and mobile operators in Albania to offer the highest standards and most secure transactions.