KOMTEC: ICT INNOVATIONS FOR FINANCIAL SERVICES
INTRODUCTION • Komtec was launched in 2009. • Azerbaijan intends to turn ICT into prime economic sector by 2020 with Azeri companies investing into IT projects not just locally, but also globally. • Komtec is inspired by this vision. • The Company is operating with MilliÖn trademark since February 2013. • Our vision is to render all types of e-payment and efinance services to merchants and customers with the cutting-edge technologies and integrated ICT platform.
What we do • As a clear market leader, we provide universal payments services to all: – – – –
Cash or cashless Any place any time Any type of payment means or method Online or offline
• Our services are – – – – –
For customers: convenient, reliable, economic and quality For merchants: economic, cheap, timely payments For agents: additional income and employment For economy: innovative payment methods For government: support all smart card initiatives (utilities, transport)
Our payment platform - universality
Our partners
Key facts The Company is growing at great speed: Volume increase
Payment network
2011
700%
800
7.6
300
13%
2012
280%
3,300
22.4
600
23%
2013
220%
5,300
50.3
1,000
30%
2014F
200%
10,000
90
2,000
40%
Years
Transactions, Customers, mln ths
Market share
Growth potential Yet opportunity to grow is ample: Mobile Utility Banking Government Total monthly
Current volume 12 13-27 13 0 38-52
Potential turnover 67 50-65 400 50 567-582
Current share 18% 26-41% 3% 0% 7-9%
What is happening in the world • The key trend on the world payment market is the ongoing and accelerating merge of mobile handsets, banking and ecommerce • There is a general consensus that by 2020, m-payments might overtake cash and credit – M for Mobile predicts m-payments to go to 0.5 trln by 2017 from 6 bln in 2012 – M-payments accounted for 23% of e-commerce in the UK in 2012 (2011: 12%)
• We would like to bring this trend to Azerbaijan with very little time gap
– E-commerce, m-payments, m and e-banking, apps, contactless payments, mobile POS
Our aspirations • The technology trends will allow Komtec to become – Non-bank financial service organization that will offer • Mobile and e-payments • M-lending, money transfer, card issuing • Processing and switching
– E-commerce platform (retail, travel, transport) – Payment services for government – ICT hub
• International gateway • Universal platform that combines all financial services in one
– Wallets
• Manage all cash, cards, bank accounts and loyalty programs from a mobile handset
Universal Platform
Support we expect from government • Payment systems law application • Privatization of competing government payment systems • Tax exemption for cashless transactions • ICT fund support • E-government speed-up • Techno-park roll-out
Conclusion • Payment market holds a promise of huge potential. • Our company has the necessary know-how and infrastructure to take its share in this potential • The Company has ambitions to roll-out international investments in countries with similar economies and promise • Our Company is ready to present investment scenarios and plans to any potential investors interested in developing this business
THANK YOU!