I EVENTS HIGHLIGHT
2023 Year in Review & 2024 Roadmap
The beginning of the Year 2024 started with our AMA sessionwithour Founderand GroupCEO,Mr, Anish Jain. He shared how in 2023, WadzPay faced industry challenges but remained resilient, focusing on technology and innovation. The company experienced significant growth in partnerships, regulatory approvals, and expansion efforts in regions like the Middle East, SouthAsia, andAfrica.
WadzPay's WPC project saw progress with the Private Chainalreadyliveandpilotprogramsunderway,whilethe PublicChainawaitedclarity onregulations. Thecompany also made strides in regulatory approvals, hiring a new blockchain leader from Ripple, and advancing towards a Tier1exchangelisting.Additionally, partnershipswithkey entities in Indonesia, Vietnam, and Africa were established, with plans for a significant rollout duringthe Hajj/Umrahprogram.
Looking ahead to 2024, WadzPay's priorities include securing regulatory approvals, executing customer projects, launching WPC, finalizing funding rounds, and showcasing technological advancements through their privateandpublicchains.
PODCAST
HEA 1 ow1
Background Technology and Interest
• Amit talks about his background in traditional finance industries spans over 24 years, including work with organizations like Aviva Life Insurance, AmericanExpress,andBankofAmericaContinuum, RBS.
• Blockchain technology's disruptive potential and decentralized nature have sparked interest in its potential to revolutionize processes, enhance security, andchangethewayfinancialtransactions arehandled.
Role at WadzPay
• His role at WadzPay as the President for the JAPA region allows them to leverage their experience in business dynamics, growth strategies, and operationalefficiency.
• He is focused on driving adoption and shaping operations in Japan, Asia Pacific, and Australia, contributing to the adoption of blockchain-based solutions.
Key Learnings from the Journey in the Industry
• Adaptability is vital as the industry constantly changes, allowing for adjustments and new opportunities.
• Collaboration drives innovation, and working with various stakeholders fosters impactful and sustainableoutcomesinfintechandblockchain.
• Customer Centricity is key, focusing on helping customerssolveforthesolutionstheywant.
• RegulatoryAwarenessiscrucial, andunderstanding and navigating regulations ensures sustainable growthandfosterstrust.
• Resilienceisakeytraitinthejourney, asthose who persistwillemergewithasignificantimpact.
Explaining Blockchain Technology
• Blockchain is a digital book where transactions are writtendowninaseriesofblocksboundtogetherin achaincalledablockchain.
• Transactions are grouped into blocks, each with a unique digital code, making it hard to change any pastblocks withoutchangingtheentirechain.
I EVENTS HIGHLIGHT
• Unlike traditional databases, blockchain is decentralizedanddistributed, makingittransparent andtoughtotamperwith.
Blockchain's potential to transform various industries, such as finance and supply chains, is significant due to its decentralized nature and tamper-resistantcharacteristics.
Blockchain's Impact on Business and Industry: Real-world Examples ofBlockchain Benefitting Businesses
TransportandTourism:WadzPay'sBlockchain-based Pilgrim Program and Pilgrim Solution for Pilgrim travelers.
Healthcare: Secure healthrecordsandtrackdisease outbreakdata using blockchain.
Financial Services: Virtual Assets wallet using Bitcoin blockchain for tracking balances in different currencies.
Retail: Companies building a decentralized market for trading goods and services without intermediaries.
Future Trends and Innovations in Blockchain Technology
• Increased Adoption: Surge in blockchain adoption across industries.
• RegulatoryClarity: Emergence ofclearerregulations around blockchainandcryptocurrencies.
•Interoperabilityand Scalability: Innovations focused on enhancing interoperability among different blockchains.
•DeFi Evolution: Decentralized Finance offering a broader array of financial services without intermediaries.
• NFTs and Digital Assets: Rise of Non-Fungible Tokens (NFTs) extending beyonddigitalarttoassets likerealestate, intellectual property.
WadzPay's UniqueApproach
Offersacomprehensive suiteof B2Band B2B2Csolutions tailored to the needs of banks, merchants, and fintech companies in the blockchain-based payment technology space.
Provides end-to-end support and acommitmentto being atthe forefrontofinnovation.
Challenges in the Blockchain and Payment Solutions Industry- Regulatory shifts, scalability concerns, and widespread adoption. WadzPay is fostering a culture of compliance, investing in research and development, and prioritizingeducation.
Advice for Businesses Considering Blockchain-BasedPaymentSolutions
•Understand your needs and how blockchain addresses them.
• Educate your team and research available solutions.
• Start small, comply with regulations, prioritize security.
• Choose reliable providers, focus on user experience.
• Evaluate, improve, andscale gradually.
INTERNATIONALWOMEN'S DAY
On the occasion of International Women's Day, WadzPay conducted an internal engagement "Empower Her: A WadzPay Women's Symposium,'' which was held on March 7th, 2024, aimed to celebrate the achievements of women, inspire inclusion, and foster diversity within WadzPay. The event featured insightful discussions, keynote speeches, and interactive sessions, all designed toempowerand uplift ourfemaleemployees.
At WadzPay, we are committed to fostering an environment of inclusivity and diversity. We believe that embracing diversity of thought, background, and identity strengthens ourteam and drives innovation. Through our actions and initiatives, we aim to inspire inclusion by creating a workplace where all voices are heard, respected, and valued. We are dedicated to building a culture where everyone, regardless ofgenderoranyother characteristic, feelsempoweredtocontributetheirunique perspectives andtalents.
Her: ,yWomen's
I HIRE HIGHLIGHTS
