japan s landscape of qr payment - bank of thailand · 2019-05-08 · singapore 2012 established...
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Japan’s Landscape of QR Payment
- Next-Gen Payments Network Powered by Blockchain -
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Takashi OKITA, CEO of SBI Ripple Asia
August 7th @ADBI-BoT Innovative Finance Future Growth
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SBI Ripple Asia CEO (2016-)
・(1998-2016) VeriTrans., Inc., Co-Founder (Former CEO)
・(2012-2016) econtext ASIA Limited. Co-founder(Former CEO)
SBI Graduate School Business Management Research Professor(2008-)
- Financial Research Center, Fintech Researcher (2016-)
・ (2014-2015) Financial System Council Committee Member
・ (2014-2016) Industrial Structure Council Installment Sales Observer
Fintech Association of Japan Advisory Board(2016-)
Takashi Okita (沖田 貴史)
Introduction
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Landscape of Cashless Trend in Japan
Source: IMF International Financial Statistics
LOWEST CASHLESS
RATIO
Actual Money Circulation vs GDP
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Tech Giants try to innovate by QRcode Payments
Rakuten (Online Marketplace)
Oct 2016-
NTT DOCOMO (Mobile Carrier)
April 2018-
LINE (Online Marketplace)
Dec2014-
SoftBank & Yahoo!Japan (Mobile Carrier, )
Autumn 2018-
PayPay
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Banks leading Instant Payment Services in Various Countries
Country Service Date Population
(Adoption Rate)
Sweden Swish Dec, 2012 6Million
(60%)
Denmark MobilePay May, 2013 3.7Million
(65%)
Norway Vipps May, 2015 2.6Million
(50%)
Thailand PromptPay Jan, 2017 20Million
(30%)
U.S Zelle June, 2017 86Million
(25%)
Singapore PayNow July, 2017 1Million
(20%)
Launched in 2009
Acquired by Braintree in 2012
Competing with Fintech and other Business Services
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Next-Gen Payments: Smartphone App “Money Tap” Powered by Ripple Distributed Technology
Balance Menu Screen Transaction QR Code Payment
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RC Cloud
xCurrent Instance
ILP Validator(s)
Japanese Consortium
Banks
Foreign
Banks, etc
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Japan Bank Consortium conducted PoC(Feb. 2017)
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Ripple and SBI Ripple Corporate Profile
235 Team members
More than half are Engineering Talent
8 Offices Worldwide
San Francisco (HQ) New York, USA London, UK Sydney, Australia Luxembourg Tokyo(SBI Ripple Asia) Mumbai, India Singapore
2012 Established
Providing Financial Services using Blockchain technology
40% 60%
Strategic Investment
Strategic Joint Venture to cover the Asia Region which will be a major area for
future business
Chris Larsen: Co-Founder, Executive Chairman 20+ years of experience in Fintech Market such as E-loan, Prosper A pioneer and a serial entrepreneur
3rd Joint Venture with SBI Group
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Ripple’s Mission:
Internet of Value(IoV):
Enabling the world to move money like information moves today.