Analysis

No Clear Market Leader

Competitor

Time to Transfer

Transaction Fee

Large American Money Transfer Operator

Same Day

US$6 - US$10

Large Asian Bank

2-4 days

US$20

London-based Money Transfer Operator

Almost immediate

US$4

DG Pay

Immediate

Free

Blockchain Solution to Resolve Market Pains

Segment

Challenges

Benefits

Workers abroad needing to send money home

Bank accounts are expensive. Remittance is slow and costly.

Low transaction fee and immediate transfers.

Tourists requiring foreign exchange when travelling

Tourists having to carry cash physically and subject to risk of loss or theft.

E-wallet provides convenience and security when travelling.

Companies needing to pay suppliers or trade partners

Bank account transfers are expensive and slow. Costly to maintain funds in Bank accounts.

No transaction fee and immediate transfer to nearly any location across Asia, Europe and Australasia.

Withdrawals at overseas ATMS

Expensive to withdraw cash from ATMs via Cirrus / Maestro at unfavourable exchange rates and high transaction fee.

E-wallet provides convenience and security when travelling.