MONTREAL--(Marketwire - Jun 18, 2012) - Payza, the award-winning international online payment platform, announced today that Executive Vice President Firoz Patel has been nominated for the prestigious Ernst & Young Quebec Entrepreneur of the Year Award. This is the third year in a row that Patel has been nominated for the award, which is presented by Ernst & Young LLP's Entrepreneurial Services Quebec practice.

"I am pleased to see that my efforts in building a business have been noticed by such a prestigious firm like Ernst and Young," said Patel. "To be nominated once is quite an honor, but to have been nominated for a third time for the Entrepreneur of the Year award recognizes the hard work and continued success of our business. I am very proud of this recognition and thank my nominators for their consideration."

The Entrepreneur of the Year Awards recognize the spirit and contribution of entrepreneurs in Quebec and around the world. The Canadian program is in its 18th year of honoring the country's most impressive entrepreneurs from all areas of business. Ernst & Young knows how important it is for governments, educational institutions, the financial sector and Corporate Canada to work together to create an ecosystem in which an entrepreneurial culture can thrive. Award winners are chosen based on their vision, leadership, financial success and social responsibility.

"Quebec needs entrepreneurial role models," explains François Dufresne, Quebec Director of Entrepreneur of the Year. "That's why it's essential that we highlight their success, and reward them. Paying tribute to entrepreneurs shows them that society appreciates their achievements. What's more, successful entrepreneurs can inspire young Quebeckers and encourage them to go into business."

Nominees will be honored at Ernst & Young's annual Entrepreneur of the Year event held on June 19 in Montreal.

About Payza
Payza is the international online payment platform that specializes in e-commerce processing, corporate disbursements, and remittances for individuals and businesses around the world, and that is globally renowned for excellence in usability, security and customer service. The e-wallet platform provides its members worldwide convenient and flexible loading and withdrawal options, such as localized bank transfers, global bank wires, credit/debit card, checks, prepaid cards, among others. With over 8 million members, Payza offers its services in 197 countries and in 22 different currencies. Payza is proud to include more than 75,000 merchants that use its all-in-one solution for accepting payments and managing their business. In addition, Payza offers foreign exchange services, fraud screening services, email invoicing, mass and single remittances and business management tools. Payza also provides under-serviced and emerging markets with an affordable and convenient way to receive international payments, thereby bolstering local economies in a global marketplace. Payza has offices in New York, London, Montreal, Stockholm, Mumbai, and Dhakka.