Sunday, April 11, 2021
Techiexpert.com
No Result
View All Result
  • Login
  • Register
  • Home
  • Tech news
  • Startups
  • AI
  • IOT
  • Big Data
  • Cloud
  • Data Analytics
  • ML
  • Blogging
Techiexpert.com
No Result
View All Result

Future Age Solutions to Launch P2P Payment Device

Sony T by Sony T
October 6, 2018
in Tech news
Reading Time: 1 min read
A A
0
Future Age Solutions to Launch P2P Payment Device
11
SHARES
130
VIEWS
Share on FacebookShare on Twitter

Future Age Solutions (FAS), a Singapore-based disruptive products innovation startup, is about to launch an innovative product called Digital Wallet, a payment device enabling peer-to-peer payments that works without Internet, reaching even the remotest areas of the world.

The Digital Wallets will eliminate or minimize the needs of worldwide printing of currency notes, minting of coins, ATMs, and Internet based phone payment options. In addition, worldwide counterfeit currency business will come to an end, says Vinod Khillan, Vice President FAS.

On an average, 10% of the world economy is transacted in cash mainly for small payments through physical wallets. The idea of this invention is to replace the physical wallets by Digital Wallets.

Digital Wallet, a handheld slim and tiny biometric device that works on fingerprint authentication, makes payments or transactions highly safe and secure in encrypted mode. Moreover, the total isolated private network, encrypted inter-communication and total isolation from Internet connectivity makes the digital wallet extremely safe, secure and immune to hacking and data theft.

ADVERTISEMENT

The Digital Wallet functions on proprietary systems like processor, operating system, Unique Embedded Text Script and payment processing software application inventions by an Indian origin inventor and founder of FAS, Raj Tore.

The Digital Wallet is a currency specific product which will cover all 180 legal tender currencies of the world within the geographic territories of the currencies. FAS’s US subsidiary corporation, Digital Cash Inc, will setup worldwide currency specific subsidiaries to enable Digital Wallets’ transactions.

The Digital Wallets will start rolling out in stages worldwide starting 2019.

Tags: digital paymentsFintech startupsFuture Age Solutions
Share6Tweet2Share1Pin1
Sony T

Sony T

Sony is a passionate bloggers writes on Futuristic technologies ...

Related Posts

Microsoft Teams is coming under Government Community Cloud
Tech news

COVID accelerated a push to the Microsoft cloud. Top reason: Microsoft Teams — ShareGate Report

by Srikanth
April 10, 2021
Microsoft new gaming device powered by Azure
Tech news

Digitate’s ignio™ AIOps For Azure Now Available in the Microsoft Azure Marketplace

by Srikanth
April 8, 2021
Four Practical Applications Of Artificial Intelligence And 5G
Tech news

Four Practical Applications Of Artificial Intelligence And 5G

by Srikanth
April 7, 2021
Demographic Data
Tech news

How Can Demographic Data Be Used to target a market effectively?

by Sony T
April 7, 2021
Could we see online casinos utilize new technologies further?
Tech news

Could we see online casinos utilize new technologies further?

by Sony T
April 7, 2021

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

Latest Stories

How to get started with AIOps?
Artificial Intelligence

How to get started with AIOps?

by Srikanth
April 11, 2021
Websites For Conducting a Background Check
Startup news

Essential background checks that every Australian startup should use

by Sony T
April 11, 2021
Microsoft Teams is coming under Government Community Cloud
Tech news

COVID accelerated a push to the Microsoft cloud. Top reason: Microsoft Teams — ShareGate Report

by Srikanth
April 10, 2021
PumPumPum
Startup news

PumPumPum raises INR 5.5 Cr in Pre-Series A funding led by IPV

by Sony T
April 9, 2021
Load More
Techiexpert.com

© 2020 All Rights Reserved

  • Terms of use
  • Privacy Policy
  • About Us
  • Contact us
  • Write For Us
  • Cookie Policy

  • Login
  • Sign Up
No Result
View All Result
  • Home
  • Tech news
  • Startups
  • AI
  • IOT
  • Big Data
  • Cloud
  • Data Analytics
  • ML
  • Blogging

© 2020 All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Newsletter ?

What is Expected ?

  • Newsletter
  • eBooks
  • Tech Reports
  • Infographic
  • Webinar
  • Event Tickets
We would like to show you notifications for the latest news and updates.
Dismiss
Allow Notifications