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3
Executive Summary:
The Payments industry in Singapore and the South-east Asian markets in growing rapidly. The Digital
Payment Market in Singapore & South-east Asia market will witness a CAGR of 58.90% during the forecast
period FY2017-FY2023. The market in Singapore alone is expected to reach $700 billion by 2022 in terms
of value of transactions.
ULTRIX envisions to be the PayPal of this growing South-east Asian and the Singapore market. It will allow
payments and booking through both fiat and cryptocurrency.
With ULTRIX app, users will be able to send money, manage finances, do shopping, book tickets & pay bills
with their favorite cryptocurrency. Users can scan QR code and make payment. They will also be able to
make direct payments to our partner vendors such as Singtel, Uber etc. To incentivize users, ULTRIX will
offer frequent discounts, promotion, & free airdrops to all its users.
In short “ULTRIX will be an app for the common man, and will make it easier for them to use their
cryptocurrency”.
ULTRIX team has a strong head way in terms of the product development. Given our background in
payments space, we were quick to develop prototype of the payments app. We have already established
tie-ups with partners such as Singtel, Singapore Airlines, Uber, Amazon etc. There are 20+ other partners
with whom we have tied up with.