/mention/43/pundix/ The Nilson Report – Pundi X POS Terminal Handles Cryptocurrency
The Nilson Report

Issue 1129 | Apr 2018


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FEATURED COMPANIES

Companies featured in this issue include:

Top 50 U.S. Debit Card Issuers

Affirm Moves Installment Financing In-Store

Walmart Expands Money Transfer Service

Whitepages Pro Fights Cross-Border Fraud

FICO Card Alert Service

Deserve Expands Credit Cards Beyond Students

Investments & Acquisitions—March 2018

Pundi X POS Terminal Handles Cryptocurrency

Doxo Adds Cash Option for Bill Payments

Top Issuers of U.S. Debit Cards, Purchase Volume 2017

Investments & Acquisitions—March 2018

Investments & Acquisitions in Money Transfers Since January 2017

Market Shares of Purchase Volume for Top U.S. Debit Card Issuers 2017

Top 50 Debit Card Issuers Ranked by Purchase Volume Per Card 2017

Top 50 Debit Card Issuers in the U.S. Ranked by Purchase Volume 2017

Market Shares of Purchase Volume for Top U.S. Debit Card Issuers 2017

The 5 largest U.S. debit card issuers are shown here along with their market share of the $2.729 trillion in Visa and Mastercard and PIN debit card purchase volume in 2017.

1. 1. Wells Fargo,
11.8%
2. 2. Bank of America,
11.4%
3. 3. JPMorgan Chase,
10.8%
4. 4. PNC Bank,
2.5%
5. 5. U.S. Bank,
2.4%

Full access to the Market Shares of Purchase Volume for Top U.S. Debit Card Issuers 2017 is available when you subscribe to The Nilson Report.

POSTED APR 17, 2018 | PRINT

Pundi X POS Terminal Handles Cryptocurrency

The Pundi X point-of-sale device shown here uses the Android 7.0 operating system and is EMV-compliant as well as PCI-PTS certified. What distinguishes the device from other POS terminals is that it supports blockchain-based platforms, which are being integrated with multiple cryptocurrencies including Bitcoin, Ethereum, NEM, Qtum, Achain, Stellar Lumens, and more. The goal is to allow consumers to use cryptocurrency to pay for goods, services, and utility bills as well as trading and investment—in countries where regulations permit. Merchants accepting payment from one cryptocurrency could be funded in that same digital currency, or in another they might prefer, or in their fiat currency. 

The Pundi X multicryptocurrency terminal can also handle transactions from bank cards, mobile wallets, private label cards, and loyalty cards and can also be used to top up the stored value in a prepaid card. It can be used to buy cryptocurrency, which consumers can store in a wallet and use to make payments. 

Indonesia-based Pundi plans to distribute 300,000 NFC-enabled multicurrency (fiat and cryptocurrency) Pundi X Pass cards to help build the cryptocurrency ecosystem in South Korea. It will do so in partnership with Coinnest, a cryptocurrency exchange in that country with 500,000 members.

Pundi X sees opportunities to sell its devices in 31 countries including China, Canada, Hong Kong, Japan, Singapore, South Korea, and Switzerland. The company expects to ship 4,000 Pundi X terminals this quarter. The goal is to ship at least 100,000 in three years.

Pundi operates a QR code-based payment system in Indonesia called Pundi Pundi, which links more than 100,000 consumers to 600+ merchants.

Zac Cheah is CEO and Co-founder at Pundi X Labs in Jakarta, Indonesia, 62 (877) 8762-2729, zac@pundix.com, www.pundix.com.

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