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

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

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）

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.