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7/2020 ceased to operate
PayBox Payment Solutions
PayBox Payment Solutions Overview
PayBox Payment Solutionsenables groups and individuals to collect and transfer funds and make purchases immediately and safely using their mobile device. The technology enables direct peer-to-peer interaction without an intermediary. The company'sPayBox as a Marketplace feature lets merchants offer relevant goods and services to groups of users by using advanced machine-learning algorithms to optimize matching and conversion rates. In 2017, Discount Bank purchased an operating license for the PayBox social payment platform. Paybox as a business entity was shut down in July 2020.