Accessible from any device via an app, Paxum is a cutting-edge registered money service business that is changing the financial transfer landscape. Paxum’s services make it possible for individuals and businesses to send and receive payments with ease and access real-time fund transfers at reduced payout costs.
Paxum Inc is registered with the Financial Transactions and Reporting Analysis Center of Canada (FINTRAC). “FINTRAC oversees the compliance of ‘reporting entities’ with their requirements under the Canadian Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA).”
With a Paxum account, people can easily access their money on the go via a mobile app. This allows for secure and fast fund transfers, viewing transaction history and details, and viewing balance. Paxum is available in more than 50 countries in 20+ currencies for local bank transfers and allows for mass wire transfers worldwide to any Mastercard.
Account creation on Paxum is simplified into three simple steps; the first is registering an account, which is followed up by uploading relevant documents and then sending and receiving payments. Following the account creation, preapproval of the account and submitted records take place within 24 hours.
The Paxum solution is proactive in ensuring safety and ease of fund transfers across regions. Paxum is unique in that it is a solution-focused company that provides multiple methods to receive and send money. “We provide multiple methods to receive payments into your Paxum Payment account in more than six currencies.”
Paxum offers a suite of services to ensure that every transaction goes off seamlessly for business clients. Businesses can conduct mass wire transfers globally. They can also do mass EFT transfers to their clients and send and receive payments from other Paxum users. Paxum for business clients helps reduce payout costs and offers competitive pricing. The service is also transparent in all charges listed on the website.
For individuals, Paxum facilitates payments for work and other transfers and withdrawals. People can get paid for their services through Paxum, send and receive money to and from other Paxum users and make withdrawals through multiple availed methods. These include using the Paxum prepaid card. People can also view all the personal account charges by Paxum that are listed on the company website.
Generally, Paxum is changing the financial services space by offering innovative solutions that cut down on costs and improve efficiency. “Our network of banking partners enables you to transfer funds to over 200 countries.” Through the EFT transfers, which are much cheaper, Paxum makes it possible to get accounts credited less than 24-hours.
For those who do not use the Paxum app, the web interface is also available as “an easy-to-use online portal to send global mass payments by uploading a CSV or XML file with all your recipients.”
Paxum is the premier money business service tailored for individual and mass payouts with e-wallet solutions that cater to the financial needs of people across the globe. The company offers a comprehensive suite of money transfers, receiving payments, and withdrawals in multiple currencies worldwide. Paxum is also registered with FINTRAC.