Photo - iBonus Limited
50234

iBonus Limited

Mobile Double Offline Payment for Digital Currency

Market: Crypto currency
Stage of the project: Operating business

Date of last change: 12.11.2020
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Idea

The Only Mobile Off-line Payment solution which supports 99% of smartphones (iOS & Android) with transaction time < 1 second

Current Status

- Smart card Offline payment system for the US Army in Iraq and Afghanistan
- Staff Offline card payment system for the Bank of China (HK)
- Debit card Offline for ADCB bank in U.A.E.
- Offline e-voucher for UNWFP in Syria
- 2020 Juniper Research Smart City Gold Award for Mobile transit ticketing
- Sandbox demo of double offline payment with HSBC bank (Nov. 2nd 2020)

Market

Banks, Digital Currency service providers, Facebook's Libra, Paypal

Problem or Opportunity

Digital Currency is set to replace traditional fiat currency and it has to use in any conditions with or without the Internet.

In fact, China Digital Currency has a requirement of double offline payment (both sender and receiver have no Internet)

Solution (product or service)

Our solution
- Stable QR-BLE-QR technology
- Supports all smartphones (IOS and Android)
- Transaction time less than 1 second
- double offline mobile payment
- Anonymity

Competitors

- NFC based technology - Less than 15% of smartphones have NFC
- InfraRed and BLE payment technology are too slow and not stable
- Both Alipay and WeChat Pay are single offline and not anonymity

Advantages or differentiators

Our solution
- Stable QR-BLE-QR technology
- Supports all smartphones (IOS and Android)
- Transaction time less than 1 second
- double offline mobile payment
- Anonymity

Finance

B-to-B, targeting service providers.
User license of US$0.1+ per user per year

Business model

B-to-B, targeting service providers globally, or exclusively for one operator globally.

Money will be spent on

Main Marketing

Offer for investor

20-30% of the company shares

Team or Management

Risks

Technology competition

- Offline payment technology has been omitted by big players since 2014.

Incubation/Acceleration programs accomplishment

Sandbox Demo with HSBC bank:

Demonstration of double offline payment for China Digital Currency

Won the competition and other awards

2018 Hong Kong Smart City Awards:
The Outstanding Offline Mobile Payment System

2020 Juniper Research: Future Digital Awards:
Smart City Gold Award: iBonus Mobile Transit Ticketing

Invention/Patent

Patent-pending in US and China, PCT worldwide:
● US Patent Pending 16/681,365
● China Patent Pending 201910340975.1
● Worldwide PCT PCT/CN2020/078535

Photos

Photo 1 - Mobile Double Offline Payment for Digital Currency

Product Video

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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video