It is located south of Cape Payer, a headland in the fjord's southern coast.
Together with Petermann Peak this mountain was long believed to be one of the highest summits in northeastern Greenland, but its actual height does not reach 2,000 metres (6,562 ft).
[1] It is marked as a 7,692-foot-high (2,345 m) peak in the Defense Mapping Agency Greenland Navigation charts[5] and as a 2,320-metre-high (7,612 ft) mountain in other sources.
The peak was named after Austro-Hungarian arctic explorer Julius von Payer (1842–1915) who was co-leader of the expedition.
In August 1870 Julius Payer, Ralph Copeland and Peter Ellinger climbed to the ice plateau NE of Payer Peak via the Solklar Glacier and from here were able to view of inner Kaiser Franz Joseph Fjord and Petermann Peak.