Finance Awards 2021

17 | Finance Awards 2021 QuantoPay Ltd is a second generation fintech solution enriching customers’ freedom to spend, earn, save and transfer money. In cooperation with Contis Group Ltd, the company is directly e-money licensed in the UK and 30 European countries, while its QuantoPay VISA cards have global functionality and usage from the beginning. Since 2018, QuantoPay has been developing global fintech and other services based on the latest cutting- edge technology, partially based on blockchain. Its objective is to enable access to financial services to everybody, providing transparency and facilitating access to innovative financial solutions. It fuses technology with traditional financial services to reach young generations in particular and revolutionise banking by creating fintech as a service. The product is also open for all who appreciate QuantoPay’s way of challenging not only existing financial institutions, but also self-declared challenger banks. Access to QuantoPay’s various services will be provided through its mobile app in Q1 2022 to offer multicurrency accounts and, in partnership with VISA, payment cards for fast, secure and cheap transfer of funds. No bank account is required – all that’s needed is a smartphone with an internet connection. This is the future of smart payments. Using the service, customers will be able to rest assured that their money is safe at all times. The technology incorporates multilayer security management, new bio identification process, strong KYC/AML through ONFIDO Cooperation, fraud protection (deep machine learning), disposable virtual cards, contactless payment, and the ability to freeze/unfreeze or block their card in the app instantly. Once the QuantoPay/VISA platform has gone live, QuantoPay’s own faster and more secure Binance Smart Chain based smart contracts will be integrated, eventually allowing it to handle Best Educational FinTech Solution Provider - Greater London various administrative and fintech solutions of its platform through blockchain technology. This will be followed by lending, cashback, a deferred payment solution, international remittances, microfinance, insurtech, robotrading, and more services, to be implemented at a later stage. A key benefit of QuantoPay’s service is it saves the fees. It will not take money away from customers but it will actually give it to them, enabling them to save on fees for every transfer or payment. In the UK, research studies found that it is up to nine-time cheaper to use QuantoPay instead of a bank to send money from GBP to AUD, EUR or USD for £200 and £1,000. And it’s up to seven- times cheaper to spend the same amount abroad with the QuantoPay card. Meanwhile, in Germany, research studies found that it is up to five-times cheaper to use QuantoPay instead of a bank to send money from EUR to AUD or USD for £250 and £1,000. And it’s up to two-times cheaper to spend the same amount abroad using the QuantoPay card. And in Australia, research studies found that it is up to twelve-times cheaper to use QuantoPay instead of a bank to save money from AUD to EUR or USD for $250 and $1,000. Ultimately, QuantoPay believes in fairness, aiming to enable access to financial services to everybody through technology and education. It is working to merge both the centralised and decentralised worlds to give the customer the smoothest financial experience. QuantoPay’s services will first become available in Europe with its UK and EU banking licenses, followed by expansion to North and Latin America, the Middle East and Asia further into 2022. Company: QuantoPay Ltd Email: [email protected] Website: www.quantopay.com Nov21658

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