1 - Myanmar
Myanmar ( Burma ) has few POS and rare usage because high commissions charged by banks to merchants.
Areas of low penetration banking can be good choice for rapid progress ?
As in 2017 figures, %90 of Myanmar population don't have bank account and just 7000 POS in the country.
In Deloitte research, %52 of Myanmar people say "not easy to use" of ATM cards & pos because of no link between different banks. On merchant side, cost of POS is 250$ is too high for them due to the low income in usd basis. %80 of people have smartphones. High smartphone usage and very few conventional point of sales.
Less regulation and government opened up local payments market to international payment companies.
Dev side : needed multi-language and multi-currency support.
2 - Philippines
Millions of Filipina/Filipino ( Philippines people ) work abroad and they send salaries to families every month. They pay 16 to 25 usd transfer fee for 600 usd remittance to Western Union, BDO, Cebuano, etc. HydroX can provide much better option to them. Is it huge market ? Yes it is. Roughly %10 of Philippines GDP come from OFW ( overseas filipino worker ) and Phils people who lives & work abroad. Philippines get remittance 28 billion usd per year according to the World Bank data.
%77 of Filipinos are unbanked. main reason is minimum required amount to open bank account. Non-bank payment and money transmitter companies are more popular. Hydro can make partnership with one of them.
coins.ph can be good option. easy to deposit from seven eleven markets ( 2000 7-11 in Philippines ). remittance , electric - water bill payments, mobile phone top-ups. coin exchange. easy to withdraw via phone number from atm without card or account.
some others such as Abra and Palawan Pawn shop chain ( which has 2600 stores in Philippines ) can be alternatives.
Sector based profiles :
1 - Dating websites/apps
People all around the world pay money to dating sites/apps. Volume for premium membership will be 3.2 billion USD in 2020.
we all know that some people dont want that others know he plays in dating site. Raindrop can provide better privacy. Payments for premium membership can be seen in credit cards monthly document. HydroPay eliminates this risk. If matched girlfriend is overseas, easy to support her via HydroX. Also AI learning in Mist phase can be helpful tool for detect fake profiles or scammers.
2- Cash on delivery.
we all order some stuff for courrier deliver. Sometimes forgot to keep enough cash for pay on delivery. If country has no mobile POS, HydroPay can be good solution for "HydroPay on delivery". that is really huge market.
3 - Donations - Fundraising
HydroPay can be use for micro donate a social project or student fundraising programs. they have troubles about getting donates. they can be willing to use HydroPay for get donates or fundraising.
SEAN key highlights and fintechs overview with metrics.
By Snow Under Sun | SnowUnderSun | 4 days ago
$0.24 tipped
ASEAN ( Association of South East Asian Nations ) is EU style union.
here is some details and metrics ASEAN market profile and detailed overview about ASEAN fintechs. This data can be useful for cryptocurrency start-up who wants to penetrate ASEAN market with partnership.
ASEAN KEY HIGHLIGHTS
GDP : 2.6 Trillion USD
Population : 650 Million
Urbanization : %47
Median Age : 29 ( young population )
Internet Users : 350 million people
Smartphone Users : 392 million people
Social Media penetration : %55
(source : IMF & World Bank data )
ASEAN FINTECH STARTUPS METRICS ( crypto based and non-crypto )
1 - Country based figures
Singapore
No of fintechs : 490
Investment in 2017 : 142 m USD
Key Subsector : Payments
Regulatory Sandbox : Yes
Philippines
No of fintechs : 120
Investment in 2017 : 78 m USD
Key Subsector : Payments and Remittance
Regulatory Sandbox : No
Indonesia
No of fintechs : 262
Investment in 2017 : 26 m USD
Key Subsector : Mobile Pay and Alternative Lending
Regulatory Sandbox : Yes
Malaysia
No of fintechs : 196
Investment in 2017 : 75 m USD
Key Subsector : Payments and Consumer Finance
Regulatory Sandbox : Yes
Vietnam
No of fintechs : 77
Investment in 2017 : 3 m USD
Key Subsector : Payments
Regulatory Sandbox : No
Thailand
No of fintechs : 128
Investment in 2017 : 12 m USD
Key Subsector : Payments
Regulatory Sandbox : Yes
( source : tracxn )
2 - Revenue models and funding
Percentage of transaction : %52
Flat fee per transaction : %43
others : %5
1 - Myanmar Myanmar ( Burma ) has few POS and rare usage because high commissions charged by banks to merchants. Areas of low penetration banking can be good choice for rapid progress ? As in 2017 figures, %90 of Myanmar population don't have bank account and just 7000 POS in the country. In Deloitte research, %52 of Myanmar people say "not easy to use" of ATM cards & pos because of no link between different banks. On merchant side, cost of POS is 250$ is too high for them due to the low income in usd basis. %80 of people have smartphones. High smartphone usage and very few conventional point of sales. Less regulation and government opened up local payments market to international payment companies. Dev side : needed multi-language and multi-currency support.
2 - Philippines Millions of Filipina/Filipino ( Philippines people ) work abroad and they send salaries to families every month. They pay 16 to 25 usd transfer fee for 600 usd remittance to Western Union, BDO, Cebuano, etc. HydroX can provide much better option to them. Is it huge market ? Yes it is. Roughly %10 of Philippines GDP come from OFW ( overseas filipino worker ) and Phils people who lives & work abroad. Philippines get remittance 28 billion usd per year according to the World Bank data. %77 of Filipinos are unbanked. main reason is minimum required amount to open bank account. Non-bank payment and money transmitter companies are more popular. Hydro can make partnership with one of them. coins.ph can be good option. easy to deposit from seven eleven markets ( 2000 7-11 in Philippines ). remittance , electric - water bill payments, mobile phone top-ups. coin exchange. easy to withdraw via phone number from atm without card or account. some others such as Abra and Palawan Pawn shop chain ( which has 2600 stores in Philippines ) can be alternatives.
Sector based profiles :
1 - Dating websites/apps People all around the world pay money to dating sites/apps. Volume for premium membership will be 3.2 billion USD in 2020. we all know that some people dont want that others know he plays in dating site. Raindrop can provide better privacy. Payments for premium membership can be seen in credit cards monthly document. HydroPay eliminates this risk. If matched girlfriend is overseas, easy to support her via HydroX. Also AI learning in Mist phase can be helpful tool for detect fake profiles or scammers. 2- Cash on delivery. we all order some stuff for courrier deliver. Sometimes forgot to keep enough cash for pay on delivery. If country has no mobile POS, HydroPay can be good solution for "HydroPay on delivery". that is really huge market. 3 - Donations - Fundraising HydroPay can be use for micro donate a social project or student fundraising programs. they have troubles about getting donates. they can be willing to use HydroPay for get donates or fundraising.
SEAN key highlights and fintechs overview with metrics. By Snow Under Sun | SnowUnderSun | 4 days ago
$0.24 tipped
ASEAN ( Association of South East Asian Nations ) is EU style union.
here is some details and metrics ASEAN market profile and detailed overview about ASEAN fintechs. This data can be useful for cryptocurrency start-up who wants to penetrate ASEAN market with partnership.
ASEAN KEY HIGHLIGHTS
GDP : 2.6 Trillion USD
Population : 650 Million
Urbanization : %47
Median Age : 29 ( young population )
Internet Users : 350 million people
Smartphone Users : 392 million people
Social Media penetration : %55
(source : IMF & World Bank data )
ASEAN FINTECH STARTUPS METRICS ( crypto based and non-crypto )
1 - Country based figures Singapore No of fintechs : 490 Investment in 2017 : 142 m USD Key Subsector : Payments Regulatory Sandbox : Yes
Philippines No of fintechs : 120 Investment in 2017 : 78 m USD Key Subsector : Payments and Remittance Regulatory Sandbox : No
Indonesia No of fintechs : 262 Investment in 2017 : 26 m USD Key Subsector : Mobile Pay and Alternative Lending Regulatory Sandbox : Yes
Malaysia No of fintechs : 196 Investment in 2017 : 75 m USD Key Subsector : Payments and Consumer Finance Regulatory Sandbox : Yes
Vietnam No of fintechs : 77 Investment in 2017 : 3 m USD Key Subsector : Payments Regulatory Sandbox : No
Thailand No of fintechs : 128 Investment in 2017 : 12 m USD Key Subsector : Payments Regulatory Sandbox : Yes ( source : tracxn )
2 - Revenue models and funding Percentage of transaction : %52 Flat fee per transaction : %43 others : %5
Self funded : %45 ICO & angel investors & loans : %55
3 - Type of Fintech ( some are multitype ) Payments : %33 Lending or financing : %25 Remittance : %21 Data Analytics : %18 Blockchain - DLT : %16 Robo-advisory : %13 InsurTech : %12 CryptoCurrency : %7 Digital Identity : %5
4 - User-End Customers ( Multiple targets ) Banks / non-bank finance corps : %51 Retail Customers : %47 Start-ups : %45 Corporations : %39 Goverments : %20
5 - Average revenue of ASEAN fintechs less than 1K USD : %19 1K to 10K : %23 10K to 50K : %25 50K to 100K : %12