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SGPay

A Wallet For Everyone

Singapore has been a hotbed of blockchain projects in the past year, resulting in successful Singapore-born cryptocurrencies such as DigixDao and Kyber Network. A call has been made by the Singapore Prime Minister Lee Hsien Loong to “simplify and integrate” e-payment services. SGPay is one such project borne from the ideas of innovation and integration. It aims to integrate numerous services into one platform, a digital wallet service for both cryptocurrencies and fiat currencies.

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~$800,000
value of tokens sold in ICO
Ended
Token
SGP
Price in preICO
1 SGP = 0.40 USD
Price in ICO
0.5000 USD
Country
Whitelist/KYC
KYC
Restricted areas
USA, China, South Korea
preICO start
1st Feb 2018
preICO end
14th Feb 2018
ICO start
1st Mar 2018
ICO end
31st Mar 2018
More on ICO
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About SGPay

Our SGPay Token is built on the Ethereum blockchain in accordance with the ERC-20 standard. The SGPay Token (or SGP in short) is built as a utility token to be used on our primary platform SGPay. It will be adopted by our technology partners and affiliated merchants.

We chose to build SGP on the Ethereum blockchain because it brings advantages such as decentralization, security, transparency and lower transaction costs. It is also the preferred blockchain network of many large corporations such as Microsoft and UBS who are part of the Enterprise Ethereum Alliance.

Our primary platform SGPay is a 3rd generation e-wallet and e-payment mobile application that allows users to buy and sell cryptocurrencies, or make purchases using both cryptocurrencies and fiat currencies. Our objective is to make SGPay the leading e-wallet and e-payments mobile application for everyone living in Singapore and the region. Customers will be able to pay for their groceries, purchase movie tickets, book flights and more with SGPay. They will also be able to select their preferred mode of payment, either in fiat currency or cryptocurrency at selected merchants.

Singapore makes a good launch pad for the development and execution of the functionalities of SGPay. Many payment providers have ignored Singapore as a potential market due to its relatively small market size. However, they fail to recognize Singapore's capacity to quickly adopt innovative technology due to its highly educated workforce as well as tech savvy population. Singapore is also a leading financial center in Asia with one of the highest GDP per capita in the world. The Singapore government has recently advocated a national push towards e-payments which will increase the chances of investments and acquisitions in this sector.

After establishing our presence in Singapore, we will transition to nearby overseas markets such as Malaysia and Indonesia. Indonesia is the 4th most populous country in the world and the South East Asia region is poised to see tremendous growth. E-commerce and e-payments are also growing at an increasing rate in the region, posing a great opportunity for FinTech firms.

To encourage further adoption of SGPay, we will also be creating additional business platforms to support the use of our token. These include SGReward that will tie in with our SGPay platform to offer monetized reward points as well as SGFund that will help to financially support the expansion of small and medium enterprises (SMEs).

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