The rise of the fintech sector in 2008 coincided with a boom in the mobile technology market that continues to this day. The introduction of wearable gadgets into everyday life made it possible for users to access the network and be online around the clock and anywhere in the world.
MAX FT
The digitalization of trade, education, content consumption, work processes has also had a strong impact on the financial sector, making it possible to implement solutions that until now have been difficult to implement due to their cost and technical complexity of implementation.
New opportunities have given new mechanisms for managing and handling finances.
It was during this window of opportunity in 2010 that Max Systems began developing new financial systems for aggregating and integrating electronic payments services.
Now we are presenting to our clients two products Paynet and e-xezine.
Paynet
PayNet is a universal service for integrating Azerbaijan’s payment methods to accept cash and non-cash payments in favor of local and global service providers.
The development of this solution was started in 2010 by a working group created by Max Systems. In 2011, the first commercial transaction was made — the acquisition of a license for ESET anti-virus software through a payment terminal of the MilliON network. Thus, Max Systems became the first company in the CIS who implemented a similar sales scheme for anti-virus software.
Later, this sales scheme was used to distribute software from Kaspersky Lab, Dr.Web, and Bitdefender.
Now this integration solution is used by a large number of both Azerbaijani and international companies. Paynet interconnects a wide variety of services — from systems for accepting utility bills to payment systems for entertainment content, both in cash and by bank transfer.
e-xezine
e-xezine is a system for rapid integration with payment methods for accepting cash and non-cash payments in favor of commercial online projects.
After the Paynet solution was put into commercial operation in 2011, Max Systems began developing the next service — e-xezine. The main idea of the project was two main principles — the speed and simplicity of integrating the service with payment methods and the ease of drawing up an agreement with the user.
As a result of the work done in 2018, the service began its work in a test mode — users get access to integration with payment methods through ready-made solutions for popular CMS under one contract with e-xezine.
Also, at the moment, a solution is being worked out for even more competitive conditions for integration with existing social networks and trading platforms at optimal rates.
