NEW YORK, NY and MONTREAL--(Marketwire - Jul 12, 2012) - Payza, the award-winning international online payment platform, announced today that Executive Vice President Firoz Patel has been named a finalist for the prestigious Ernst & Young Quebec Entrepreneur of the Year Award. This is the first time Patel has been named a finalist by the world-renowned entrepreneurial services company after having been nominated for the award the previous two years.

In announcing this year's finalists, Francois Dufresne, Partner at Ernst & Young and Quebec Director of Entrepreneur of the Year, said, "It's important to highlight all the potential our entrepreneurs harness and share with our markets and communities. Rewarding successful entrepreneurs means recognizing not only their contribution to the economy, but the well-being of our society as well."

Entrepreneur of the Year celebrates the contribution and spirit of entrepreneurs everywhere. The Canadian program is in its 19th year of honoring the country's most impressive entrepreneurs from all areas of business. Award finalists are chosen based on their vision, leadership, financial success and social responsibility.

"The goal of our company has been to simplify instant transactions between individuals and online businesses and we have grown to become one of the world's leading online payment platforms," said Patel. "To be honored by Ernst & Young as a finalist for this award serves as confirmation not only of my own efforts, but also the hard work, dedication and innovation of our entire team. I am proud to be considered for this award."

The Quebec winners will be announced at a banquet on October 25, and the overall winner will represent the region at the national gala in Toronto on January 16, 2013.

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, and prepaid cards, among others. With over 9 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.