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How they describe themselves: nanoPay is a fully integrated loyalty and payment platform that empowers the way merchants connect with their customers. nanoPay streamlines checkouts and creates a Frictionless® shopping experience that delivers loyalty, offers and payment in a single touch. In 2015, nanoPay purchased MintChip from the Royal Canadian Mint: the first regulator-friendly digital cash platform. Our target partners are central banks, banks, telcos, acquirers, retailers, as well as developers, POS providers, and everyday consumers.

How they describe their product/innovation: MintChip is a digital replacement for cash, linked to a country’s fiat currency. It uses Secure Asset Stores to move funds between parties without an intermediary and can process payments both online and offline. MintChip is a very simple way of transferring assets, similar to cash, in an electronic format. Typically, electronic payment systems are not instant, require intermediaries, settlement, and include the potential for disputes, charge-backs and necessitate a costly liability structure. MintChip provides a more seamless, secure, and faster payment experience for both merchants and consumers; bringing us one step closer to becoming a cashless society.

Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, licensed

Contacts:

Bus. Dev.: Nebo Djurdjevic, VP Business Development, nebo@nanopay.net, 416-900-1111
Press: Lauren Jaeger, Senior Account Executive, Uproar PR, ljaeger@uproarpr.com, 312-878-4575 x246
Sales: Kent Rawlings, Chief Commercial Officer, kent.rawlings@nanopay.net, 416-900-1111