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Omise fintech研究会


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This is presentation for Ministry of Economics in Japan.

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Omise fintech研究会

  1. 1. Online Payment for Everyone Thailand Japan Singapore Indonesia 2016 > Malaysia / Philippines / Vietnam / Hongkong 2016_Jan © Omise Pte. Ltd., 第8回 FINTECH研究会 Founder / CEO Jun Hasegawa 海外におけるFinTechの動向、日本への示唆・連携の可能性
  2. 2. About Omise 2016_Jan © Omise Pte. Ltd., 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.
  3. 3. About Omise 2016_Jan © Omise Pte. Ltd., mission Online Payment for Everyone We feel strongly that payment is for everyone. Accepting payment online should be a right, not a privilege. HOW? Geography Product Portfolio sudo New Infrastructure
  4. 4. About Omise 2016_Jan © Omise Pte. Ltd., Omise will become the one-stop payment gateway service for ASIA. Simple registration Easy integration Awesome dashboard Robust security Localized Alternative Payment Methods (APM) No downtime cloud base infrastructure New generation of Payment infrastructure
  5. 5. About Omise 2016_Jan © Omise Pte. Ltd., “15 most funded FinTech startups in Southeast Asia” - Tech in Asia - “13 Asian Startups To Watch In 2016” - TechCrunch - Our investors 2013 2014 Development of e-commerce platform June Pivot towards developing
 a payment gateway Aug First prototype payment gateway launch at ECHELON THAILAND Sep Live closed beta test Dec 2015 Apr SERIES A Funding Jun Incorporated in Singapore and Japan Dec Incorporated in Indonesia
  6. 6. Definition of FINTECH in ASIA 2016_Jan © Omise Pte. Ltd., Government Financial Institutions Technology - Regulatory - Law - License - Payment infrastructure - Pay in and out portal - System infrastructure - New payment methods - Implementation connectivity FINTECH 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.
  7. 7. Market differentiation 2016_Jan © Omise Pte. Ltd., 21% 22% 37% 10% 11% 33% 8% 27% Example: A Forecast of 2019’s payment type to market differentiation ratio Credit Card Debit Card eWallet Others Credit Card eWallet Bank Transfer COD Others US Market SEA Market The graph represents the difference in people’s payment behaviour. It demonstrates the opportunity of localised payments. Debit Card *Global payment report 2016 *Global payment report 2016 Plastic card - Cashless Society Countries with localised payment
  8. 8. Market opportunity 2016_Jan © Omise Pte. Ltd., B2C Market size $673Billion *Global Asia E-Commerce Report 2015 In 2016, Southeast Asia’s market is expected to become larger than the whole US market. Growing at a double digit % P2P Payment Market size $20Billion *VISA research Markets are growing rapidly despite obstructions. Obstacles in Asia’s Market - Half of the population still don’t own a bank account - Low number of credit card holders - Restricted by regulations - Unreliable infrastructure
 - Remittance across the region
  9. 9. Market opportunity 2016_Jan © Omise Pte. Ltd., Ideal Financing Solutions for Asia’s Market HR Technology Accounting O2O Mobile payment Each country has different HR regulations such as tax, payroll, insurance etc. With corporates expanding across the region, there’s high demand of accounting SaaS providers. There’re people who own smartphones but don’t own a bank account. 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.
  10. 10. Future payment 2016_Jan © Omise Pte. Ltd., Businesses Card brands Banks/Stocks Consumers 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.