Level Up Payment Processing Strategies for Crypto in Asia - TOKEN2049 Singapore 2022

um guys thank you for having me my name is proful Mora I'm the global expansion officer for nuve and I'll be talking a little bit about leavening up the payments processing uh strategies for Asia or via crypto and some of the services that we offer just a tiny bit about myself um I've been in the payments industry for uh 25 years I've gone through a process of the traditional banking straight on to uh mail order telephone order onto uh the crypto scenes and then obviously a variety of other types of services including alternative payments and so on so let me talk a little bit about what I'm here to really sort of focus on I've got four main subjects that I would like to talk about um crypto scene within Asia to give you some size and scale specifically for Asia some of the challenges that I think um that we will face but also more importantly the opportunities that are likely to come through some of the services that we actually have and then a few takeaways for you guys to consider and uh and and ponder over um this is an interesting slide for me because um you know payments is a global uh service offering but what I when I look at southeast Asia as a as a region uh payments is generally a very fragmented uh set of requirements particularly when you're handling payments which are either cash driven or local to that specific country or credit cards debit cards and alternative payments and I actually see myself looking at this region where crypto can really play a massive part just look at the investment that's actually gone in to Southeast Asia 600 new names have actually come through 200 of them are right here in Singapore uh the companies that have actually been set up and and organized and then also the investment just up until you know an hour in 2022 we've put in uh in excess of like a one one billion US dollars of flow has gone in to this particular area and why I see um crypto booming in Southeast Asia is really if you step back and look at the demographics uh look at the population look at the age and look at the um the access of data through the mobile phones 4G 5G a lot more access is being given to younger audiences who are more prolific and more want to focus on to payments that are new not the traditional banked unbanked or wallets or credit cards they're really looking for alternative services and I think this is where Asia will play a very big part in what their uh what we will be doing going forward I really want to then talk about some of the opportunities that I see and challenges I also see in Southeast Asia I mentioned earlier that Southeast Asia's from a payments perspective quite fragmented uh unlike if you look at the us or Europe where they have a single currency a single uh uh form of payments which is all under a European union or a Federal Bank State Asia is still fragmented doing their currencies and doing their processes within their areas but the demographics are changing and as Mark spoke about just a moment ago before me web3 will change those aspects with decentralization uh understanding a data privacy understanding our identity is being managed and I think that will bring a really different process going forward for payments alongside them more and more people will start to make payments via crypto I already have in my business um 40 different crypto payment services uh alternative payments that people are using to make payments for their goods and services online and I think this will definitely change but this will come with obviously some challenges challenges are generally all around uh regulatory demands making sure that e-country wants to comply to the growth of crypto within their particular country and particularly around there um their region want to talk a little bit about my company many of you may not have heard it um it's nuvay we're publicly listed on two stock exchanges uh on the Toronto Stock Exchange and NASDAQ dual listed we've been around for 20 plus years headquartered out of Montreal uh we are globally based 1600 odd people uh currently uh in the numbers that we have but the key aspects of what we are trying to achieve is really service the online and offline markets of global Merchants who want to integrate singularly to us but have the ability to process all types of cards credit cards debit cards alternative payments and crypto payments and accepting those crypto payments within their region in the currency that they want so when I look at my business at the glance you have to have the regulatory requirements all the licenses in the countries that you do business very important otherwise you can't trade currently we have 200 plus markets uh we are locally in 45 processing in these particular countries but the the fourth uh tab that I can show you right now um that number has grown 570 plus alternative payments uh what does that actually mean it actually means that if you are a merchant wanting to offer your services to uh the end retail uh consumer the consumer has not just Visa Master uh um uh types of credit card payments but on my platform they have the ability to accept 570 alternative payments this would mean payments out of Brazil which is local picks or payments out of Germany which would be so forth for example um or out of Australia which is uh NPP or local payments that are not credit cards but built into the system is also the ability to pay by crypto which allows uh the end user to pay in any currency any method that's local in their format to understand to make for that particular payment so this is quite significant when you're dealing with Merchants that are wanting to trade globally through a singular uh integration this is what Louvre at a simple glance can do for for you I wanted to move on to another product that we have and I'll talk a little bit about how that product uh expands out the products called Simplex is part of The luve Suite of products but it's most relevant for this particular occasion to present uh Simplex is in in essence um a service that actually has the ability to provide uh crypto on-ramp off-ramp services today we're licensed out to Lithuania for an Emi electronic money institution license we have underneath our platform currently 350 plus Partners onto our systems and at least 2.5 million users enabled to actually pay by crypto but also the ability to be issued uh for credit cards off the back of those particular services that we've gone I think what's really really important about this particular piece you can see our partners that we have today but it's also the currencies that you're getting in which is over 100 plus but also the ability to pay in a 100 plus uh cryptocurrencies so this allows you and the user to actually enable the payment either through cards alternative payments and or by cryptocurrencies in the system and let me explain to you how we do this so um what are our customers love about us as we speak so what we have is uh three real solutions that as we speak right now we have the turnkey the coin onboarding and then our new way uh acquiring services so the turnkey is essentially where we enable uh Partners to come on board the ability to uh uh quickly access payment services PODS Alternative payments and crypto payments uh even if it's a new startup where their licensing requirements are still underway they form up as a startup the ability to TurnKey with Nouve enables them to start their business start to accept payments and process uh uh uh transactions within that we also have the ability to provide these new partners the ability to take uh banking as a service so if the new partner requires a form of Banks and settlement Banks we have a variety of services where they can obtain bank accounts handle 23 currencies uh in those particular ones and actually take Fiat to crypto crypto to Fiat settlements within the same infrastructure of our TurnKey solution added to that I mentioned earlier we have 350 providers right now uh sorry Partners within our system right now and um where we will have new coin um coins onboarding we still have this ability to really bring those coins across to our 350 uh partners and have them access in addition to acquiring service so it's not just uh not just crypto handling uh crypto payments but also the ability to take cards and alternative payments globally as a service and this is key and we've seen huge growth of merchants wanting to work in that particular environment and really speed up their their product payment of offering to their their users so for me um yes uh Fiat currencies into crypto the ability to sort of handle the regulation which is what Louvre brings and I think um you know again Mark mentioned it earlier on in terms of um web web 3 um I think from my perspective do you decentralization is the really key piece uh from my perspective data privacy is also a very important aspect of it and on control over the actual um digital uh identities these three things are the things that I take away currently when I look at web 3 which allows us to enable to grow outside of the big fintech uh uh um you know companies that control our ability to actually grow so I think this is the key aspects that I would uh I would put when I think about web3 um this is it this is nuve um what I'd like you to take away from this particular presentation is that there is a a company out there that supports crypto on um supports the payment capabilities and supports the ability to really expand from a singular connection singular integration globally anywhere you want to trade we're able to support you so please thank you for um having me on stage thank you