This Italian based Company has developed a unique, integrated digital multi-function platform for the mobile payment, e-money and money transfer accessible by PC, tablet, smartphone and GSM mobile. It offers these new features:
1. Can be used by PC, tablet, smartphone or simple GSM;
2. Offers services that are available through website, APP, SMS, NFC and QR-code;
3. Can be integrated with phone bills of telephone companies from around the world.
The platform incorporates existing services offered by international competitors but integrates them with new and strategic functions. The technology may be operational from the get-go; consumers and merchants can utilize it without any new technological means since it is based upon simple GSM!
The Company aims to become a global system that encourages and enables customers to make electronic payments easily and safely, and with greater speed. The platform could be adopted in major international markets within 1 or 2 years.
Solutions:
For the Consumer:
– Open a bank account in virtual real-time via the web, APP and SMS;
– Manage money by web, APP, texting, email, credit cards, NFC, QR-code;
– Receive salary and compensation payments;
– Receive or send money anywhere;
– Make payments at any shop or e-commerce site;
– Unify credit card, bank account, and mobile phone number.
For the Merchant:
– Open a bank account in virtual real-time by web, APP and SMS;
– Process payments and cash withdrawals;
– Make payments for business, nationally and internationally;
– Pay utility bills and taxes;
– Unify credit card, bank account, and mobile phone number;
– Associate a “virtual pos”, “mobile pos” and “pos contactless”;
– Integrate with any e-commerce and mobile commerce application.
Market Overview:
Research indicates that mobile payment market is expected to be worth 721 billion dollars with over 450 million users in 2017, up from 245 million users today.
Transaction:
Company plans to raise up to EUR 80 million (with a minimum of EUR 7 million) to reach global markets (Europe, Americas and Asia). Additional details will be provided upon execution of a NDA.