π―Market & Opportunity
Last updated
Last updated
Our process is technology-driven, simple and intuitive.
The market to be tapped is enormous and set to grow at a 40% CAGR.
And it is the biggest underserved segment in the payment market globally.
SOM: targeted merchants in the web3, high-risk, SAS payment processors and online service providers that need immediate access to certain emerging markets.
The global e-commerce market is estimated at $27.15 trillion, yet settling cross-border transactions remains expensive, slow, and inaccessible to people in certain regions.
From the inability to purchase certain goods, to high remittance fees, to battling hyperinflation, emerging markets need a safe, affordable, accessible, and reliable way to exchange money.
Examples of market opportunities include:
Colombia: Opportunity for low-fee remittances, as many people are abroad sending money home.
Argentina: A safe haven from hyperinflation.
Morocco: Closed ecosystem with certain products inaccessible.
Egypt: Credit cards are no longer issued.
India: Card payment is only in Rupee.
Venezuela: No access to apps like Netflix or Spotify.