Wayerz is a company trying to tackle a very real, and very massive, problem. Wayerz provides an integrated banking platform that is aimed at optimizing international bank wiring. For anyone who doesn’t need to use international payments, the minutiae of getting money between point A and B may well be a complete mystery. But as someone who lives in one country but derives his revenue mainly from another, I can tell you it is difficult and complex.

Currently, there are three unpalatable choices for international payments. The first, reliable but expensive, is to use PayPal. PayPal knows how much pain international payment causes, and has rightly surmised that individuals and businesses will generally be prepared to pay a significant margin in order to relieve that pain. So PayPal makes payments easy, albeit sadly expensive.

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Ben Kepes

Ben Kepes is a technology evangelist, an investor, a commentator and a business adviser. Ben covers the convergence of technology, mobile, ubiquity and agility, all enabled by the Cloud. His areas of interest extend to enterprise software, software integration, financial/accounting software, platforms and infrastructure as well as articulating technology simply for everyday users.