Paymagnet has created a mPOS solution that uses NFC tags to allow your phone to act as a mPOS. Small merchants can now receive crypto payments and immediately have them transferred to USD/EUR
www.paymagnet.io
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1. 2 0 1 8 P a y m a g n e t . c o m A l l r i g h t s r e s e r v e d www.paymagnet.com firstcontact@paymagnet.com1
2. 2 0 1 8 P a y m a g n e t . c o m A l l r i g h t s r e s e r v e d www.paymagnet.com firstcontact@paymagnet.com2
“All the crypto fortunes amassed
are good for nothing
if they can’t be spent
or cashed out for values
that can actually be spent in the real economy.”
WHAT IS THE LAST MILE ISSUE
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WHAT IS THE LAST MILE ISSUE
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WHAT WE NEED
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WHAT IS THE LAST MILE ISSUE
WHAT WE HAVE
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WHAT IS THE LAST MILE ISSUE
VISA official Statement:
LAST MILE ISSUE ROLEMODEL:
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OUR NEW APPROACH – IS A NETWORK OF NFC TAGS
For the Crypto economy to work
we need to close this GAP
between
CRYPTO ONLINE ONLY TRANSACTIONS
WALLETS , TRADING, EXCHANGES…
CONSUMERS
ISSUE: POS TERMINAL HARDWARE
ISSUE: BRANDED VISA/MC CARDS / SHIT
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OUR NEW APPROACH – IS A NETWORK OF NFC TAGS
WE BUILD AN INDEPENDENT
ACCEPTANCE NETWORK
We shifted the payment processing
onto the client´s device
Tap & Go but without a POS terminal
INEXPENSIVE
SCALES MASSIVLY
RUNS ANYWHERE: RURAL / EMERGING
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We map those IDs in our system
to merchant´s places, shops,
restaurants, casinos, cabs…
Customers pay in-app. Done.
EACH PAYTAG CONTAINS A UNIQUE ID
PLACE OUR PAYTAGS
((NFC)) INTO ANY STORE
10. 2 0 1 8 P a y m a g n e t . c o m A l l r i g h t s r e s e r v e d www.paymagnet.com firstcontact@paymagnet.com10
1 S c a n Pa y Ta g b e l o n g s t o : Z a n z i b a r B e a c h & Re s t a u ra n t
2 C u s t o m e r p a y s I N A P P
3 We s e t t l e t o t h e o w n e r o f t h e Ta g : Z a n z i b a r
m e t a d a t a : U s e r 1 7 , p a y e d a t T a b l e 1 2 , 1 8 : 3 0 , E T H u s e d ,
W i l l e m s t a d , C u r a c a o , v i s i t e d 3 t i m e s , …
R E S T A U R A N T
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TRANSITION OFFER
CRYPTO
Get FIAT
PAY IN
INSTANT AT CURRENT RATE
SETTLE THE MERCHANT IN FIAT
Revenue Model
SIMPLIFIED
Merchant´s are only billed for processed
transaction on their tags
No hardware costs
No monthly fees
Pay by wallets / crypto – receive EUR/USD
or pure Crypto to Crypto options
Fallback: Pay by cards Visa / MC / DC
REDUCES COMPLEXITY AND RISK
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We have the power to grow exponentially.
Paymagnet scales automatically, depending
on load.
The backend, keeps track of transactions,
• stores meta-data about devices,
• provides reporting capabilities,
• configures settlement / reconciliation,
• offers real time notifications,
• maps PayTags to locations, online.
We run on a fully PCI DSS certified cloud
environment.
WE SCALE IN SOFTWARE
SCALE , SCALE, SCALE
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Square
ApplePay
PayPal
iZettle
MasterPass
Paymagnet
W o r k s
w i t h o u t
t e r m i n a l s
/ a d a p t e r s
W o r k s
i n s t o r e s ,
c a b s ,
c a s i n o s
S u p p o r t s
C r y p t o
c u r r e n c i e s
E T H / B T C
R o l l o u t
c o s t s
b e l o w
0 . 5 0
U S D / m e r c h a n t
What Competition ?!
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Where
are
we
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The Core
PAYMAGNET
C E O
M a r t i n G l e t t l e r M . S c
E x p e r i e n c e d I T - C E O
B a n k i n g / S e c u r i t y
L a r g e S c a l e I K T
S a n t a n d e r , A 1
T e l e k o m , T - S y s t e m s ,
M i n i s t r y o f I n t e r i o r ,
G o v C E R T , F e d e r a l
c h a n c e l l e r y A u s t r i a
C O O
T h o r s t e n
G u g g e n b e r g e r M . S c
E x p e r i e n c e d I T - C O O
N e g o t i a t o r / C o n t r a c t s
D i n e r s c l u b
A i r p l u s
A l c a t e l
H E A D O F I T
C h r i s t i a n Z ö c h m a n n
I T P r o f e s s i o n a l
S E - Q u a l i t y A s s u r a n c e
P o r s c h e I n f o r m a t i k
T - M o b i l e , …
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RUNS ANYWHERE
No Pos terminal
infrastructure requirement
99%
PAYMAGNET
Why Paymagnet is unstoppable
0.20 cents per PayTag
ULTRA LOW COST
Pay in CRYPTO
Settle in FIAT
“TAP & GO “
CUSTOMER
EXPERIENCE
SUPPORTS
INEXPENSIVE
PHONES
WE BUILD
OUR OWN
ACCEPTANCE
NETWORK