Payy
Private-by-default stablecoin payments: balances hidden with zero-knowledge proofs, spendable on a Visa.
ZK-private stablecoin L2 + card; ~$220M volume.
- Who holds it
- You do. Funds sit on-chain in a wallet the company cannot freeze.
- The ledger
- The blockchain — no company keeps the authoritative record.
- If it fails
- Nothing on the company side to fail; but lose your keys and the money is gone for good.
Derived from Payy’s regulation type and custody — a class of protection, not a guarantee. Limits and eligibility vary by scheme, balance and jurisdiction; confirm before you rely on it. What happens if a neobank shuts down →
The facts
| Category | web3-native |
| HQ | New York, US |
| Founded | 2023 |
| Custody | Self-custodial |
| Regulation type | Self-custodial software |
| License detail | Self-custodial ZK L2; card via issuer partners |
| Card | Visa · Virtual + physical |
| Cashback | Points |
| Stablecoins | Yes |
| KYC | Card only |
| Active regions | North America, Europe, Latin America, Africa, MENA, Asia, Oceania |
| Countries | Global |
| Founders | Polybase Labs (Sid Gandhi + team) |
Verified links: official site ↗ · terms ↗ · privacy ↗ · @payy_link ↗
Common questions about Payy
What is Payy?
Payy is a self-custodial, on-chain-first neobank, headquartered in New York, US and founded in 2023. You hold the keys: Payy never takes custody of your funds. It is software rather than a licensed institution (Self-custodial ZK L2; card via issuer partners).
Does Payy have a card, and where can you use it?
It issues a Visa virtual and physical card, and identity checks apply to the card but not to the wallet. It is available in all 7 world regions tracked here.
Does Payy require KYC?
Partly. You can use Payy itself without verifying your identity, but ordering its card requires KYC.
What does Payy cost?
From the verified fields: cashback Points. Cashback and yield are "up to" figures that change constantly and often depend on a paid plan — confirm current terms with Payy before relying on them.
Head-to-head
Peers
Phantom · Zengo · MiniPay · Eco (Beam) · Dakota · MetaMask
Payy appears in
Neobanks that never hold your money (53) · Neobanks where only the card requires ID (33) · Neobanks available in North America (126) · Neobanks available in Europe (144) · Neobanks available in Asia (132) · Neobanks available in Oceania (72) · Neobanks available in Latin America (113) · Neobanks available in Africa (92) · Neobanks available in MENA (85) · Neobanks that issue a Visa card (182) · Neobanks in United States (66)
Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.