SPAYZ.io, a global provider of advanced payment technologies, is developing an Open Banking solution to meet the increasing demands of financial ecosystems.

Driven by a commitment to technological innovation and continuous improvement, SPAYZ.io supports businesses in navigating the complexities of global finance with ease.

The company’s team participated in a two-day event at iFX Cyprus 2025, conducting over 55 business meetings with both new and existing clients and partners. These discussions provided valuable insights into evolving market requirements, particularly highlighting an increased need for Open Banking capabilities.

As a result, the upcoming Open Banking solution is expected to offer simplified, compliant, and customizable connectivity among financial institutions, banks, and service providers. This initiative underscores SPAYZ.io’s commitment to developing practical and scalable infrastructure tailored to client needs.

Industry Trends at iFX

The iFX Cyprus conference also highlighted broader industry trends, with a strong presence from payment providers. Forex firms showed a heightened interest in solutions specifically designed for East Asia, particularly Japan and the Republic of Korea.

SPAYZ.io has a rapidly growing footprint in Europe, Asia, and Africa, offering businesses swift access to payment services. The company’s vision is to enable clients to scale efficiently and compliantly in both established and emerging markets.

Spayz.io Developments

In May 2025, SPAYZ.io explored various African countries to increase its presence and capture new growth opportunities. After thorough research that included analyzing regulatory frameworks, understanding market demand, and forming local partnerships, the company planned to integrate several new countries into its geographic network by the end of 2025.

This expansion includes South Africa, where EFT Bank Transfers were facilitated in key markets, as well as support for Mobile Money solutions in Egypt and Cameroon.