Safe Payment Group

Safe Payment Group is developing a high-security payment solution to be used between private persons.

There is a growing need among consumers for a new secure solution to intermediate payments. A new secure payment tool can increase the circular economy, trade, and trust between different actors.

As peer-to-peer trading of products is increasing, the number of scammers on the most common trading platforms is rising. Most commonly, scams occur when the buyer sends money to the seller, after which the seller either disappears or delivers a faulty product to the buyer.

Based on a survey made, 15% of respondents had been victims of a scam. The victim’s legal position is weak because finding the offenders is difficult. Even if the offenders are found it is extremely uncertain whether the victim is going to get their money back.