← Alle Unternehmen
Über das Unternehmen
Payco is a Swiss Financial Intermediary revolutionizing international trade finance. Our fundamental service is providing fully compliant letters of credit (LCs) for trade confirmation. However, we go beyond this by providing the fastest, cheapest and most convenient way to access LCs. We do this by employing blockchain technology, artificial intelligence and stable cryptocurrencies. Currently, most LCs are still obtained from banks that operate through slow, expensive and complicated systems. Often, these banks rely on manual processes, which takes several days. We’re cheaper, faster and easier, and our system’s also more secure. With blockchain technology, we can securely handle documents far more efficiently. With artificial intelligence, we can greatly simplify document review processes. Finally, using cryptocurrency stable-coins allows us to execute transactions more swiftly. Importers can get access to a letter of credit in a few minutes. Exporters can receive their documents in minutes as well. When it comes to price, we charge around ⅓ of what banks charge. Payco LCs also don’t need third-party confirmation. This is when a second bank is needed to guarantee a letter of cred