MASSPAY is a mobile payment system that allows any phone to make contactless payments without modifications or extra hardware. It aims to compete with cash payments by being simple, universal, and requiring minimal new investment. Users can make payments by scanning a merchant sticker or dialing a number, confirming details, and authorizing with a PIN. The system provides benefits of simplicity, affordability, and bridging the digital divide for users, while reducing costs for merchants. It is backed by an experienced team of 18 industry professionals and has received several patents.