A Wallet For Everyone – SGPay
SGPay taps into the US$12 billion e-payments industry in South-East Asia. Manage your virtual currencies like Bitcoin, make e-payments via your credit cards and shop online- all in a single platform.
Our SGPay Token is built on the Ethereum blockchain in accordance with the ERC-20 standard. The SGPay Token (or SGP in short) is built as a utility token to be used on our primary platform SGPay. It will be adopted by our technology partners and affiliated merchants. We chose to build SGP on the Ethereum blockchain because it brings advantages such as decentralization, security, transparency and lower transaction costs. It is also the preferred blockchain network of many large corporations such as Microsoft and UBS who are part of the Enterprise Ethereum Alliance.
Our primary platform SGPay is a 3rd generation e-wallet and e-payment mobile application that allows users to buy and sell cryptocurrencies, or make purchases using both cryptocurrencies and fiat currencies. Our objective is to make SGPay the leading e-wallet and e-payments mobile application for everyone living in Singapore and the region. Customers will be able to pay for their groceries, purchase movie tickets, book flights and more with SGPay. They will also be able to select their preferred mode of payment, either in fiat currency or cryptocurrency at selected merchants.
Singapore makes a good launch pad for the development and execution of the functionalities of SGPay. Many payment providers have ignored Singapore as a potential market due to its relatively small market size. However, they fail to recognize Singapore's capacity to quickly adopt innovative technology due to its highly educated workforce as well as tech savvy population. Singapore is also a leading financial center in Asia with one of the highest GDP per capita in the world.
The Singapore government has recently advocated a national push towards e-payments which will increase the chances of investments and acquisitions in this sector. After establishing our presence in Singapore, we will transition to nearby overseas markets such as Malaysia and Indonesia. Indonesia is the 4th most populous country in the world and the South East Asia region is poised to see tremendous growth.
E-commerce and e-payments are also growing at an increasing rate in the region, posing a great opportunity for FinTech firms. To encourage further adoption of SGPay, we will also be creating additional business platforms to support the use of our token. These include SGReward that will tie in with our SGPay platform to offer monetized reward points as well as SGFund that will help to financially support the expansion of small and medium enterprises (SMEs).
Singapore has the “right ingredients” to be a Smart Nation, but it lags behind other cities in certain areas such as electronic payments, said Prime Minister Lee Hsien Loong. The above statement highlights the country’s unified push towards e-payments which opens up more opportunities for new payment platforms to flourish.
Payment systems which integrate new technologies and trends such as cryptocurrencies have a much larger chance of offering a unique proposition versus the current market incumbents. QR Code Payments are also being shown the limelight.
A newly formed payments council, set up to look into ways to advance e-payments in Singapore, has created a task force specifically to develop a common QR code for Singapore (SGQR) that could be used for e-payments Island wide The task force aims to introduce a standardised QR Code that can be used by any payments application such that confusion can be avoided among consumers.
READY MARKET – A PERFECT LAUNCHPAD
The chart above highlights the trend of mobile payments in Singapore – which already holds a substantial lead over other regional markets. Though small in size, Singapore’s population has shown a much higher readiness to embrace new trends in both mobile and electronic payments compared to neighbouring countries such as Malaysia, Philippines, Thailand and Vietnam.
This is due to the mature technology field here as well as the fact that every Singaporean owns 3.3 handheld devices including mobile phones.
The market has a ready audience but has not found a true integrated payments platform that leverages on trends that have found a more mature foothold worldwide. These include payments by QR Code highlighted above, in addition to integrated services straight on the platform. This trend is highlighted by the dual success of AliPay in China and PayTM in India.
These platforms have become giants in their own right which offers much more than just basic payments functionality. AliPay for example, offers insurance, payment of utilities bills, purchase of movie tickets, and its own shopping mall all in the same application. It is through this viewpoint that can be said that the current payments infrastructure and ambition of current local players are severely lacking.
CRYPTOCURRENCIES IN SINGAPORE
CRYPTOCURRENCIES IN SINGAPORE
Singapore has rapidly emerged as a preferred hub for cryptocurrencies. Its fintech-friendly status, government grants and accommodative stand towards Initial Coin Offerings (ICO) has made it a favourite for fintech firms coming into Singapore. MAS is also taking an accommodative approach under which current compliance and securities laws apply while considering specialised regulations for future implementation.
The cryptocurrency community in Singapore is also quite active and this leads to an emerging market for providers of services related to blockchain technologies. However, the market is not mature yet and many providers are also concentrating on overseas markets (similar to that for e-payments). There exists an opportunity to normalize, dominate and create a unique selling proposition (USP) for our project to succeed based on the current environment.
- The government’s push towards e-payments and a ‘cashless’ society will provide much needed common infrastructure and support to our platform
- The lack of a current payments platform that matches or comes close to the success of AliPay in China and PayTM in India
- The regulatory friendly approach of MAS towards cryptocurrencies in Singapore which will help general acceptance and the adoption drive on our platform.
Earn Spend Play
Purchase Bitcoin, make e-payments, rent a bike, buy movie tickets and shop online.
All in a single app
Buy, sell and manage your cryptocurrencies on-the-go. SGPay provides 24/7 real-time portfolio tracking on mobile.
PAYMENTS ECOSYSTEM
Make payments using fiat currencies as well as cryptocurrencies at participating merchant outlets.
GREATER DIVERSITY
SGPay supports more cryptocurrencies than other local e-wallets. This allows you to diversify your portfolio and reduce risk.
INTEGRATED REWARDS SYSTEM
Earn reward points while shopping on our partner online mall. No gimmicks, expiry dates and lengthy T&Cs.
Target Number Of Active Users
About detail Our Project also plan please read our Whitepaper
Contribution Details
1 Ether to 2720 SGPay Tokens
- Minimum Contribution: 1 ETH
- Maximum Contribution: 100 ETH
- Do not send your Ether from exchanges like Bittrex, Poloniex, Kraken etc.
- Our smart contract will instantly distribute SGPay Tokens upon receiving your Ether
- Open Ethereum wallet with support of tokens (for example MyEtherWallet, MetaMask, Mist)
- Click to "Send Ether & Tokens"
- Copy Pre-Contribution Ethereum Address from your whitelist email or user panel (make sure to double check)
- Put gas limit: 200,000, Gas Price: 50 GWEI max gas price.
Contribution details are only available to whitelisted accounts
Join the whitelist And Details About ICO
Join Our Community
BCT Profil Link : https://bitcointalk.org/index.php?action=profile;u=1349169
ETH Address : 0x8630585BF2C519b74551c1eCBE50f20698Ab2049
ETH Address : 0x8630585BF2C519b74551c1eCBE50f20698Ab2049
time portfolio tracking on mobile.
PAYMENTS ECOSYSTEM
Make payments using fiat currencies as well as cryptocurrencies at participating merchant outlets.
GREATER DIVERSITY
SGPay supports more cryptocurrencies than other local e-wallets. This allows you to diversify your portfolio and reduce risk.
INTEGRATED REWARDS SYSTEM
Earn reward points while shopping on our partner online mall. No gimmicks, expiry dates and lengthy T&Cs
EASE OF USE
Buy, sell and manage your cryptocurrencies on-the-go. SGPay provides 24/7 real-time portfolio tracking on mobile.
PAYMENTS ECOSYSTEM
Make payments using fiat currencies as well as cryptocurrencies at participating merchant outlets.
GREATER DIVERSITY
SGPay supports more cryptocurrencies than other local e-wallets. This allows you to diversify your portfolio and reduce risk.
INTEGRATED REWARDS SYSTEM
Earn reward points while shopping on our partner online mall. No gimmicks, expiry dates and lengthy T&Cs
EASE OF USE
Buy, sell and manage your cryptocurrencies on-the-go. SGPay provides 24/7 real-time portfolio tracking on mobile.
PAYMENTS ECOSYSTEM
Make payments using fiat currencies as well as cryptocurrencies at participating merchant outlets.
GREATER DIVERSITY
SGPay supports more cryptocurrencies than other local e-wallets. This allows you to diversify your portfolio and reduce risk.
INTEGRATED REWARDS SYSTEM
Earn reward points while shopping on our partner online mall. No gimmicks, expiry dates and lengthy T&C
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