PayIt Named Top-Tier Software Vendor by APPS RUN THE WORLD in the APPS and CLOUD TOP 500 Market Report

PayIt Strengths, Domain Expertise, and Key Differentiators

PayIt provides a patent-pending, enterprise-grade platform focused exclusively on government services. Their daptable customer experience platform empowers agencies to expedite revenue collection, enhance operational efficiency, and foster sustainability, all while delivering a seamless digital experience in line with contemporary online expectations. PayIt seamlessly integrates into any back-office system, boasts a swift launch timeline of approximately 90 days, and offers residents a unified GovWallet. This centralized platform stores transaction history, receipts, and payment methods across multiple agencies, providing residents with a consolidated and efficient experience.

PayIt Recent Developments

In November 2023, the Jackson County, Missouri Collection Department, in collaboration with PayIt, unveiled an enhancement to its online payments platform, myJacksonCounty, through the integration of Interactive Voice Response (IVR). This latest feature represents PayIt's ongoing commitment to refining the platform, which was initially introduced in 2019. The introduction of IVR not only enhances accessibility and convenience for Jackson County residents but also mitigates the volume of payment-related calls that agency staff must address. Ultimately, this initiative aims to cultivate an improved experience for both Jackson County residents and employees.

In November 2019, PayIt partnered with TxDOT to launch payitTolls, a mobile-optimized solution that offers the ability for drivers to manage their TxTag accounts. In August 2019, Alexandru Otrezov joined PayIt as a chief marketing officer.

In November 2018, The N.C. Division of Motor Vehicles launched a new online payment platform so customers can complete several types of vehicle registration transactions online. NCDMV has been working with PayIt to launch this new service since 2017."

PayIt Mergers and Acquisitions (M&A) Activities

In May 2023, PayIt successfully acquired Sovereign Sportsman Solutions (S3), thereby expanding its portfolio to encompass a comprehensive suite of outdoor recreation solutions. This strategic move enhances PayIt's robust array of high-growth offerings, which already includes services in property tax, DMV, courts, and various other sectors.

PayIt Customers in ARTW Customer Database

Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying PayIt applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of PayIt and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified PayIt Platform customers.

PayIt Key Enterprise and Cloud Applications

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PayIt Direct vs Indirect sales

PayIt Customers - Breakdown by Geo, Size, Vertical and Product

List of Verified PayIt Customers

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PayIt serves a clientele comprising state, local, and federal government entities. In collaboration with their government partners, PayIt is instrumental in revolutionizing the customer experience, ushering in a more contemporary, convenient, and mobile approach to government interactions

PayIt Market Opportunities, M&A and Geo Expansions

In November 2023, PayIt announced the appointment of Tom Nieto as President and Chief Operating Officer. Concurrently, the company outlined its strategic initiative to onboard 100 new employees as part of its expansion plans.

In 2020, PayIt demonstrated its capacity to expediently digitize government processes and payment functionalities. The platform seamlessly integrates with any existing system of record, providing our government partners with top-tier security and a highly scalable framework. Notably, PayIt introduced a new payment collection service, PayIt Express, for The Unified Government of Wyandotte County and Kansas City, Kansas. The swift launch of PayIt Express, within a matter of days, was instrumental in addressing office closures and facilitating the seamless continuation of digital operations for Wyandotte County/KCK.

In May 2019, PayIt gained a $25M follow-on investment from early backer Weatherford Capital.

In March 2019, PayIt received a $100M+ Investment from New York-based venture capital firm Insight Partners. The size of the investment — one of the largest gov tech fundings in recent years — represents a major development for the startup."

PayIt Risks and Challenges

PayIt exclusively markets its product within the United States, catering to a singular industry. The company faces a competitive landscape characterized by numerous contenders.

PayIt Ecosystem, Partners, Resellers and SI

PayIt has collaborated with the state of Oklahoma to introduce myOklahoma, a cutting-edge digital solution. This innovative online platform, powered by PayIt, enables residents to conveniently renew vehicle registrations, order birth certificates, and anticipates the introduction of additional services. Users of myOklahoma can establish a secure digital wallet that consolidates and stores their payment, profile, and transaction information in a single location. This integration facilitates expedited payments, reduces in-office visits, and enhances the overall efficiency of interactions across various government offices.

PayIt primarily engages in direct sales.

In July 2021, PayIt Digital Government formally announced its strategic partnership with the City of Toronto, signifying a significant milestone for both PayIt and the residents of Toronto. PayIt eagerly anticipates contributing to the Toronto landscape by streamlining the government experience for its residents and actively supporting the growth of the local technology economy.

PayIt Cloud Infrastructure Insights

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• PayIt Public Cloud and Infrastructure (IaaS)
• PayIt Platform (PaaS)
• PayIt Application Delivery
• PayIt Private Cloud and Data Centers

Research Methodology

Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.

Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).

For additional information on our methodologies, here's the link: