It was back in 2008 that Igor N. business colleagues got the idea of creating an independent international financial structure to provide all banking services, when one “fine” day a payment delayed by several banks cost him and his collegues a major oil deal with Nigeria! This was a shocking outcome of a global problem running international financial settlement for a finished product.
Something had to be done about this. So, Igor N. thought “If we don’t do it, then who?”, and he took on the most challenging task of building an international financial platform to serve the needs of customers of all levels, with high security of all transactions.
To get a first-hand introduction to the topic, Igor joined a banking structure where he spent almost two years learning the detail, eventually reaching a Branch Manager position at one of the major banks. Obsolete platforms for interbank settlements and customer service left him with no choice other than building his own, new and improved version of the system!
In 2012, this group of enthusiasts made a first attempt to implement their payment infrastructure under a Loyalty Program. However, this attempt failed due to a law preventing private companies in Russia from engaging in this activity.
In spring 2017, our programmers started developing GBPay independent acquiring system. Every piece of software had to be written from scratch.
Today, "GBPay Payments" LLC is a fully independent system, using:
- own processing center;
- own independent acquiring;
- own branded GBPay debit cards – multicurrency, ruble cards and cards for foreign partner banks;
- own unique SPC GBP security system, which ensures complete independence from other similar systems and their security infrastructure, such as PCI DSS; and finally:
GBPay uses its own Geo Block Crypto Information Communication Channel (GB CICC) – a platform similar to SWIFT!
GBPay is International Independent Payment System has been recognized by the UN financial institutions!