MAKE ALL PAYMENTS PROFITABLE AGAIN.
Payment modernization without the risk.
10M TPS+. Secure. Instant. Ubiquitous. Profitable.
Okanii supplies banks with digital money technology to create a global instant payments network that is owned and operated by the banks. Okanii’s digital asset technology supports any asset, any amount, any use-case, any transfer method.
Supporting payments as low as
Asset types on a single platform
On a global scale
Payment systems are old and have not kept pace with technology.
Cash costs $1.2 Trillion annually
The physical nature of cash limits use-cases and has high costs due to manual process.
Electronic transactions cost $1 Trillion annually
Electronic transactions' dependency on identity increases risk, fraud, and costs globally.
Over 1.7 Billion adults are unbanked
$2.2 Trillion of cost annually and 40% of the adult population is still unbanked.
$2.2T waste. High operational cost leads to higher pricing and thin margins if any.
Typically takes 1-4 days to settle.
Hacking, identity theft, friendly fraud, cyber security, and rising fraud costs due to dependency on identity.
Lack of rewards
Only credit cards provide rewards due to the profitability of the credit side, but consumers should be able to receive rewards on all payments regardless of type.
Existing payment rails are a system of redundant checking due to Identity dependence.
Old, inefficient, slow, and very expensive to operate, maintain and update.
All electronic transactions are based on identity, are expensive, and are prone to fraud /theft.
Lack of data
So much time and money is wasted on reconciliation or trying to find out where your money is in a transaction and when it is going to arrive.
Payments are a fragmented product mix as they have evolved over time and banks have only added products to address the whole market. There are over a dozen products, including cash, debit, credit, cheques, drafts, money orders, wires, EFT, ACH, Gyros, etc., to satisfy the needs for P2P, B2C, B2B, G2X, cross-border, online and offline markets. Why?
This overlapping fragmentation leads to significantly higher operational costs to support all of these systems and a poor user experience.
Okanii's DAT platform provides a single ubiquitous product and experience that addresses the entire market, saving banks a fortune in any use-case they decide to deploy it in.
One platform for every scenario.
Push/pull, invoice, payroll, mortgages, cross-border.
mNFC, SMS, email, QR.
POS, NFC, ecommerce.
Online & Offline
Okanii is the only platform that satisfies all six pillars of the internet of value
Competitive solutions operate on top of these legacy platforms.
We simplify payments for all customers.
SIX PILLARS OF THE INTERNET OF VALUE COMPARISON VS. LEGACY RAILS
Note: Cost figures from 2018 Payments Canada “Cost of Payments in Canada” whitepaper.
Okanii is the future of all payments.
95% cost reduction. Every transaction is profitable from $0.01 to $1B transactions.
Instant transactions, low latency, no reconciliation.
Quantum-proof individual tokens are unbreakable.
10M+ TPS, global platform for all global assets.
Each token is validated, not the person. Personal info is separated from the transaction. No fraud or identity theft.
Good funds guaranteed 100%, no counterparty risk.
Affiliate programs, merchant digital cash, community currency, Event currency.
Modular micro-services architecture provides limitless flexibility.
Everything in one place, all transactions, receipts, points, etc.
Ubiquitous platform. Individual self-contained tokens facilitate all assets all use-cases, all transfer technologies.
Bank owned & controlled
White-labeled platform, banks keep full control.
Micro-payments, IoT, gig economy
Untapped revenue streams in the trillions with dozens of use-cases.
Minimum integration effort for banks to deploy.
Open, secure APIs
Modern APIs secured with asymmetric cryptography.
Okanii platform supports programable data with each token.