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FaasPay
A PayCode-based payments app for North American users and African merchants to send, receive, and accept cross-border payments with KYC verification and fast local-currency settlement.
FaasPay Product Overview
Is FaasPay Right for You?
Liners prepares and updates these highlights as product information changes. Editorial standardsBest For
- North America to Nigeria pay
- Nigerian online merchants
What It Does Well
- PayCode payments
- Cross-border transfers
Things to Check
- North America availability
- PayCode flow steps
About FaasPay
FaasPay is a PayCode-based payment tool by WallX for businesses and individuals who need to send, receive, and accept payments, including cross-border payments from North America to merchants in Africa.
Key capabilities include:
- PayCode payments for generating codes to pay merchants or receive money from customers without sharing personal banking details
- Secure transaction processing with stated fraud-prevention measures and encrypted PayCodes to protect payers and recipients
- Fast settlement in local currency, with recipients receiving funds in their preferred African currency in seconds (as stated on the website)
- KYC and identity verification, including document checks, government ID scans, and biometric verification for business owners
Available on Android and iOS (the app is described as available for North American markets).
It targets a B2B audience, primarily African business owners and merchants receiving payments, plus customers and senders in North America paying African merchants.
It is notable for its stated regulatory status, the website identifies it as a WallX Innovation Inc. company registered with FINTRAC as a Money Service Business (MSB Registration No. 22718986), positioning it for compliant cross-border payment flows connected to African commerce.
FaasPay Facts
Liners compiles product facts from official websites, app stores, documentation, trusted public sources, and details shared by product teams during editorial review. We also consider crowdsourced updates when they include verifiable evidence, and refresh facts as information changes. How we source dataOperates In
What it does
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Frequently Asked Questions About FaasPay
FaasPay is a PayCode-based payments app for sending, receiving, and accepting cross-border payments, especially between North America and merchants in Africa. It works by generating PayCodes so users can pay or receive money without sharing personal banking details, and recipients can receive funds in their preferred local currency.
FaasPay is described as operating primarily for North American users sending payments to African merchants, but the website does not list specific countries. Based on the available information, the exact country list is .
Yes, Faaspay is available on iOS and Android. You can download Faaspay on the App Store for iPhone, or get it on Google Play for Android.
FaasPay is best suited for African business owners, merchants, and customers who need to receive payments, as well as North American users sending payments to Africa. It is also positioned for business and personal use.
You can contact FaasPay at fasepay@wallx.co or support@wallx.co.
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