About Omise We did not begin operating as a “FINTECH” payment company. In Japanese, Omise means ‘shop’ or ‘store’. E-commerce (social-featured) Platform Online Payment Gateway Platform One huge setback we encountered is that Thailand lacked a sophisticated payment gateway to support our planned finish product.
About Omise Online Payment for Everyone mission We feel strongly that payment is for everyone. Accepting payment online should be a right, not a privilege. HOW? sudo Geography Product Portfolio New Infrastructure
About Omise Localized Alternative Robust security Payment Methods (APM) Easy integration New generation of Payment infrastructure Simple registration Awesome dashboard No downtime cloud base infrastructure Omise will become the one-stop payment gateway service for ASIA.
About Omise “15 most funded FinTech startups in Southeast Asia” - Tech in Asia - First prototype payment gateway launch at ECHELON THAILAND SERIES A Incorporated Funding in Indonesia Incorporated Live closed beta test in Singapore Development of Pivot towards developing and Japan e-commerce platform a payment gateway June Aug Sep Dec Apr Jun Dec 2013 2014 2015 Our investors “13 Asian Startups To Watch In 2016” - TechCrunch -
Definition of FINTECH in ASIA - Regulatory - Law FINTECH - License Government - System infrastructure - New payment methods - Implementation connectivity - Payment infrastructure - Pay in and out portal Financial Institutions Technology In Asia, regulations is one of the biggest obstacles FinTechs face. The other, is the financial institution connectivity barrier. However, both parties (the government and financial institutions) have immensely contributed and become more involved with technology, working to create a sufficient FinTech environment.
Market differentiation Example: A Forecast of 2019’s payment type to market differentiation ratio Others Credit Card Credit Card Others COD 10% 27% 37% 11% 21% Bank Transfer 8% Debit Card 22% eWallet eWallet 33% Debit Card US Market SEA Market Plastic card - Cashless Society Countries with localised payment *Global payment report 2016 *Global payment report 2016 The graph represents the difference in people’s payment behaviour. It demonstrates the opportunity of localised payments.
Market opportunity Markets are growing rapidly despite obstructions. In 2016, Southeast Asia’s market is expected to become larger than the whole US market. $673Billion Growing at a double digit % $20Billion B2C Market size P2P Payment Market size *Global Asia E-Commerce Report 2015 *VISA research - Half of the population still don’t own a bank account - Low number of credit card holders Obstacles in Asia’s Market - Restricted by regulations - Unreliable infrastructure - Remittance across the region
Market opportunity Ideal Financing Solutions for Asia’s Market O2O HR Technology Accounting Mobile payment Each country has different HR With corporates expanding There’re people who own regulations such as tax, across the region, there’s smartphones but don’t own a payroll, insurance etc. high demand of accounting bank account. SaaS providers. What if carriers could provide eWallet that comes with a card? We’d be able to facilitate people’s daily lives and, at the same time, aim towards forming a cashless society.
Future payment The FUTURE of global payments. Technology has the potential of solving current complications in network infrastructures, but without co-operation from the government sector and financial institutions things will be tough. Eventually synthetic intelligence will takeover humans and retain the consistency of the financial world. Decisions made will be by the most consistent AI technology; leaving out possibilities of human errors and promoting fairness. Corruption will be non-existent. Card brands Businesses Banks/Stocks Consumers