About PayAll
Revolutionizing payments through innovative IoT technology and financial inclusion
Our History
Addressing critical gaps in financial services for developing regions
The Beginning
PayAll was conceived in response to a critical gap in financial services available in developing regions. Dr. Paulin Tchumtcha Wembe, recognising the potential for IoT and fintech technologies to address these challenges, established PayAll in 2022 with a vision to create accessible financial services for underserved populations.
PayAll is positioned at the intersection of two rapidly expanding sectors: fintech and the Internet of Things (IoT). Our innovative hybrid payment system directly addresses critical financial inclusion challenges in developing economies where cash dominance and infrastructure limitations create significant barriers to economic participation.
Global Impact
Bridging financial gaps in developing economies worldwide
Innovation
Combining fintech and IoT for revolutionary solutions
Inclusion
Making financial services accessible to everyone
Security
Advanced security measures for safe transactions
The Challenge We Address
1.7B
Adults worldwide remain unbanked
75%
Of unbanked live on less than $1 per day
0%
Access to any form of financial services
The inception of PayAll was driven by the recognition that approximately 1.7 billion adults worldwide remain unbanked, with 75% of those living on less than $1 per day lacking access to any form of financial services. This situation highlights the urgent need for alternative banking solutions that are adaptable and cost-effective.
Traditional banking often involves high costs, extensive travel distances, and excessive paperwork, exacerbating access issues for vast segments of the population. Our strategic focus on Africa stems from the continent's increasing digital adoption and significant potential for economic growth.
Cash remains dominant in developing countries despite the associated risks, and critical shortages of physical coins in markets like Cameroon create daily challenges for merchants trying to make change and manage cash transactions.
Meet the Team
PayAll is led by a dedicated team of professionals with diverse expertise in fintech, technology development, and emerging markets.
Dr. Paulin Tchumtcha Wembe
Founder and Chief Executive Officer
Dr. Wembe brings exceptional academic and practical expertise to PayAll. With a PhD in Engineering Project Management, a Master of Project Management, and a Master of Blockchain-Enabled Business, he possesses the ideal educational background for leading our innovative fintech venture.
His comprehensive understanding of project management, blockchain-based business models, digital payment infrastructure, cybersecurity risk management, and regulatory compliance positions PayAll for success in complex developing markets. Based in Victoria, Australia, Dr. Wembe oversees all strategic initiatives and maintains key relationships with investors and regulatory bodies.
Dr. Wembe holds a Master of Blockchain Enabled Business from Royal Melbourne Institute of Technology (RMIT University), providing the foundational knowledge for PayAll's token-based incentive model and distributed ledger architecture. This is complemented by his Master of Project Management, also from RMIT, which informs his methodical approach to scaling complex technological initiatives across challenging environments.
In addition to his blockchain and project management expertise, Dr. Wembe also holds a Masters in AI. This advanced degree in artificial intelligence further enhances his ability to drive PayAll's cutting-edge technological solutions forward, leveraging the latest advancements in machine learning and intelligent systems.
His highest academic achievement, a PhD in Construction Project Management from Curtin University in Perth, brings valuable expertise in managing complex, multi-stakeholder projects across diverse environments - skills directly applicable to PayAll's mission of deploying financial technology infrastructure in developing markets.
Academic Excellence
PhD from Curtin University, Masters from RMIT
Innovation Leader
Blockchain, AI, and fintech expertise
Global Vision
Focused on emerging markets development
Regulatory Expert
Compliance and risk management specialist
Mayukhraj Ray
Director of Information Systems
Ray's background is quite impressive, as he brings a unique blend of expertise in both mechanical engineering and artificial intelligence software development. With a strong foundation in mechanical engineering, he has honed his skills in designing and optimizing physical systems and components.
In addition to his engineering prowess, Ray has also made significant contributions in the field of artificial intelligence. He has managed a software team dedicated to AI research and development, with their work currently powering the student services department at the prestigious University of Hong Kong.
This combination of technical acumen and managerial experience makes Ray a valuable asset to the PayAll team. His ability to bridge the gap between physical systems and cutting-edge software solutions will be instrumental in driving the company's innovative offerings forward.
As PayAll continues to expand its reach and push the boundaries of what's possible in fintech and IoT integration, Ray's unique skillset and proven track record will be invaluable in helping the company achieve its ambitious goals in emerging markets worldwide.
Engineering Excellence
Mechanical systems design and optimization
AI Innovation
AI software development and research leadership
Team Leadership
Proven software team management experience
Enterprise Solutions
University of Hong Kong systems deployment