Livia klimovitsky szabo

SupiPay Mobile-payment platform Livia J. Klimovitsky Szabo Founder, CEO

Encourage the innovation of money Founded 1996 in Budapest, Hungary Started ATM transaction processing in Europe IPO in 2 years Market Cap: $3.71B

GE Consumer Finance Division Consumer Credit Role: Product Management

CEE Regional Office

Largest bank in Central Eastern Europe

Role: Global product management Role: M&A of Russian, European Banks 2.200 banks in CEE region

Largest European payment processing company (Clearing House and Settlement) Role: Chief Executive Officer

21 years End to End constant growth in payment industry

New Technologies accelerator Role: Founder Funded SupiPay Inc.

New technologies, new tools Smartphone has additional features (wireless, interactive, secure) Direct money transfer is possible

1980..

Location is no longer important

4.8 billion mobile phone users 2.2 billion smart phone users 80 million new smartphones sold in every month

Electronic payment volume, $ trillions 7.3% p.a.

10 9

1.2

8 7

1

6

0.8

5

0.8

4

0.6 0.6

3 2

2013-18 CAGR Percent

3.6

0.9 0.8

0.9

1.1 1

1.1

1.3 1.2

1.4

10.2

1.2

8.2

6.2 4.6

4.9

2012

2013

5.4

5.8

2014F

2015F

6.3

6.6

2016F

2017F

7

1 0

2008

Large merchants Source: McKinsey US Payments Map

Medium sized merchants

2018F

Small merchants

Large merchants: Greater than $100 million in electronic sales volume Medium-sized merchants: $5 million to $100 million in electronic sales volume Small merchants: $5 million in electronic sales volume

Crypto-Currencies and ValueAdded •

Free unlimited use

•

No transaction fee

•

Real-time money transfer (private, corporate, government)

•

User-generated content for small businesses, CRM, discount

•

Multi currency exchanges

•

Tipping function

•

E-ticketing

•

Front office and back office together

•

B2B and B2C on the same time

•

Easy integration of social network or financial institutions

•

4 billion real-time users (private and corporate)

•

Centrally controlled real-time general ledger

Bitcoin vs. General Ledger vs. SupiPay - 1 Transparency Central control Operational safety

Blockchain

Distributed ledger

SupiPay Technology

All payment history information is available to all participants.

All payment history information is available to all participants.

Payment history is centrally stored.

White-label partners see their own data subset.

No central control, but a subgroup controlling the majority of computational power of the group can assert control.

Unsafe if superior computational power is introduced, ledger can be corrupted.

Based on consensus.

Similar to blockchain.

Data storage

Shared and publicly available.

Shared and publicly available.

Responsibility

Shared responsibility.

Shared responsibility.

Duplicated transactions

Central control by a trusted system operator SupiPay Inc. Digitally signed transaction requests from client devices, different layers each validate data.

Digitally signed transaction data is stored and archived in a replicated database system in multiple locations.

Centralized responsibility.

Unique client generated transaction ID for each request, a transaction Guarantees against double spending. Guarantees against double spending. cannot be executed twice. Strong data consistency against double spending.

Bitcoin vs. General Ledger vs. SupiPay - 2 Blockchain

Distributed ledger

Money issuing capability

Mining.

Similar to Blockchain.

Limits

Artificial limits point to deflation.

Limits agreed upon by members of the network.

Strengths Weaknesses Opportunities Threats

Slow transactions. No central authority, superior computational power can override previously agreed upon transaction data.

Challenges the concept of modern money.

Undermines the authority of current payment system actors. Regulation efforts can undermine its success.

SupiPay Technology Virtual currencies: issuance in any amount controlled by the system operator. Hard currencies backed by 100% cover in commercial bank money or other liquid & safe collateral ďƒ Money issuing follows monetary transmission.

Limits set by the system operator, or white-label operators.

Fast, sub-second transactions, backed by a core banking system.

White-labels can be easily created.

Weaknesses depend on implementation. Shared ledger exposes sensitive data.

Improvements in transaction speed.

Regulation efforts can undermine its success.

Rapid growth through the white label system in emerging markets.

Business model Main revenue source: Advertising sales

Contact Livia J. Klimovitsky Szabo, Founder, CEO

liv.klimovitsky@supipay.com

Mobile: +1 (305) 890-8040

Legal partner, Gunderson Dettmer

www.supipayinc.com