Case Study

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Case Study •

RaiPay
Global payments app used in 7 countries.

From mobile wallet to payments app.
One partner through every redesign and system shift.

— Exceptional mobile wallet.
— Fresh looking & intuitive.
— For everything payment-related.

What started as a card manager in 2019 evolved into a full-fledged mobile banking suite. RaiPay is everything payment-related for Raiffeisen Bank clients under one roof.

27 mil

contactless payments in 2025

700 k

active users

15 k

peer-to-peer transactions monthly

The Partner

RPC – the provider of innovative and reliable card services to members of Raiffeisen Bank International (RBI), partnered up with Panaxeo to create RaiPay.

Being a digital delivery centre for card issuing, card acquiring, and digital payments, RPC securely processes transactions from Raiffeisen Bank cards or payment devices in Albania, Austria, the Czech Republic, Croatia, Serbia, Hungary, and Kosovo.

The Mission

What began as a tool to empower Raiffeisen Bank’s clients with a secure, swift, user-friendly mobile wallet evolved into a feature-packed mobile banking suite. New features keep rolling in, along with new fintech standards and evolved design thinking. RaiPay always adapts to do what its users need it to do.

Panaxeo makes sure it does.

Timeline

  • RaiPay redesigned for a broader payments use case.

  • The app evolved from a simple wallet into a more capable payments experience.

  • The new design made RaiPay feel more mature, intuitive, and user-driven.

Gen 1
Creation

  • RaiPay began as a mobile wallet.

  • Panaxeo designed the product from scratch.

  • We defined its UX, UI, and overall product direction.

Gen 2
Panaxeo redesign

Gen 3
Design system

  • Later, Raiffeisen introduced its own design system, and we transitioned RaiPay into it.

  • Overall tech upgrade to new Android and iOS standards.

  • We adapted the product without disrupting the experience users already knew.

Key Features

P2P Money transfer

Need to split the bill? Or pay a buddy back? Tap your phones together with NFC or scan their card number. Simple and easy.

Card Connections

Where is your card information stored? Can you trust all of those merchants?

The Card Connections feature allows you to view all your subscriptions and repeated payments. No need to use the merchant’s website. Your card information is always under your own control.

Custom NFC experience
without Google

Need an additional layer of security in NFC payments? Set. Do you want them as fast and seamless as possible instead? Say no more.

Perhaps something in between? RaiPay lets you customize how you pay with your Android phone.

Loyalty cards

Drugstore, pharmacy, hardware store… Nobody has that much physical space in their wallet.

RaiPay can store all of those cards virtually. Scan the barcode, QR code, or find the card manually.

Digital cards

Need a virtual card in addition to your regular debit card? Consider it done.

Create a digital card. Keep it or delete it later, up to you.

Available in 7 CEE countries

Raiffeisen Group’s banks from the Czech Republic, Austria, Serbia, Croatia, Kosovo, Albania, and Hungary already use RaiPay.

RaiPay is a modular platform. Individual countries can adopt the modules that make sense for their market and let us customize them. Because what users expect from a banking app in Serbia might be very different from what customers in Austria or Hungary prioritize.

“Building and evolving RaiPay has been a long and sometimes challenging journey. What we value most is Panaxeo's ability to combine strong technical expertise with genuine ownership and commitment. Our cooperation is built on trust, transparency, and a shared focus on delivering value to our banks and their clients.”

Petra Paulovič
Digital Team Leader, RPC

Participation in a successful roll-out in 9 countries (later scaled down to 7)

Strong response from the community with a 4.6-star average rating on Google Play (all countries average)

Highest possible level of security and UX on platforms achieved by native Android and iOS development

Try it yourself

The design prototype we made for RaiPay. Touching encouraged.

FAQs

  • Instant transfers between cards/friends/colleagues, disposable virtual cards, one-tap 3D Secure authorization, in-app communication, and a Card Connections feature to manage where card details are stored with merchants.

  • A successful rollout across 9 countries, a 4.6-star average rating on Google Play, and native Android/iOS development for maximum security and UX per platform.

  • Martin Kolesár, R&D & UX Lead at RPC: "The trust and knowledge you can rely on the other party to deliver on time and in high quality is priceless."

  • Going strong since 2019!

When the brief changes halfway through the journey, do you want excuses or solutions? Exactly.

Let’s talk.
Panaxeo logo

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