User:Tigran.parseghyan/EasyPay

“EasyPay” LLC commonly referred to as EasyPay is an Armenia-based payment and settlement organization founded in April 2014. The company provides online financial services.

The company has over 200+ employees, most of them working in Armenia. The name EasyPay derives from the company's philosophy of providing easy payment solutions for everyone. EasyPay’s core products are an online wallet “easywallet'' and a self-service payment terminal kiosk.

History ։

In 2014, EasyPay LLC started its operation in Yerevan, Armenia, locating terminal kiosks around the city. More than 3000 payment terminals are installed in the whole area of the Republic of Armenia and the Republic of Artsakh. Over the 7 years of operation, EasyPay

EasyPay

Industry	FinTech
Founded	2014
Headquarters	Yerevan, Armenia
Area served	Armenia
Key people	Mikayel Gabrielyan (CEO), Mher Galstyan (COO), Hayk Asatryan (CFO), Karlen Grigoryan (CIO), Arthur Hovhannisyan (Chief Accountant)
Revenue	(506M AMD (2020))
Number of employees	200+
Website	www.easypay.am

managed to obtain a stable position in the market, recruiting a loyal and innovative workforce.

EasyPay took its first steps with 8 terminal kiosks and continued to grow. In 2021, the company has already managed to locate more than 3000 kiosks scattered throughout the country. The kiosks are available in most regions and cities around Armenia.1370 of our terminal kiosks are located in Yerevan, and 1650 are located in different regions of Armenia.

According to the article published in the World Bank , in 2019 the RA economy grew by 6-7%, establishing the highest GDP growth in the region. Parallel to this, EasyPay also had a positive leap in the form of human resources. Between 2017 and 2021, the number of EasyPay employees increased from 17 to 170.

In 2017, EasyPay launched its second product, easywallet, which is a digital wallet that allows one party to make online transactions with another party offering digital currency units for goods and services. In almost 4 years, the app managed to collect and offer over 500 services and is continuously growing. The company opens a platform for the citizens to pay for several services, such as cellular network providers, utility payments, internet and TV, bookmakers, road/police/parking fines, bank transfers and loan repayments, insurance, e-wallet refillings, online games, tuition fee, social networks, web listing services, freight forwarding services, taxi services, charity foundations, hotel booking payments, etc.

Philosophy

Back in 2014, the company adopted an ideology to provide an easy and simple payment system, designed to ease people’s financial life.

“In a modern world, people face challenges every day, making it extremely hard to focus on things that matter. We spend our time thinking and working on our work-life balance, professional life, and finances, ignoring our mental & physical wellbeing. While our to-do list is packed with hundreds of tasks, we suggest excluding the financial one, offering an easy and fast solution. At EasyPay, we are confident that you will save your time, taking more focus on yourself as the everyday financial processes will be like a child’s play. We value your time. Let’s start the journey together to bring such a reality. It’s easy!”

Services

The company mainly operates in 2 directions: Self-Service payment terminal kiosks and online wallet (easywallet).

Terminal kiosks located in different parts of the city, allow performing a wide range of activities, including online payments and fast and secure transactions. easywallet is an online wallet, which allows users to get access to 500+ services and make online transactions and payments.

easywallet

EasyWallet is an electronic wallet that allows users to pay for the services provided in the application, using their smartphone. easywallet is the next generation electronic wallet, designed to ease people’s financial transaction processing, by suggesting an easy and secure payment system with 500+ services. The application allows the user to plan their expenses with an all-in-one electronic wallet.

Easywallet software provides security and encryption for personal information and the actual transaction. The application is an alternative to credit or debit card transactions and point of sale terminals. To make the best use of the 500+ services that easywallet offers, the user has to go through the identification process, by attaching an SSN or a bank card to the wallet.

Aside from being an online payment system, the application also provides an opportunity to: execute P2P transfers, get a loan directly on the user easywallet account, track monthly and annual expenses, shop with QR payment system, receive cashback from transactions, bind international bank cards (Visa/MasterCard/Arca/AMEX/Payoneer).

Corporate Social Responsibility (CSR)

EasyPay’s CSR policy is based on its core values, which are focused on customer needs, honesty, transparency, innovation, and creativity. EasyPay is confident that responsibility should be expressed through local and targeted approaches. EasyPay’s main CSR direction is financial education for all age segments.

EasyPay also adopted secondary CSR directions for short-term projects. The directions include:

• Nature protection, energy consumption replacement, and environmental preservation and conservation
• Technological improvement for vulnerable segments
• Women empowerment programs