With industry leaders and innovators converging upon Dubai in the United Arab Emirates on May 2 nd and 3 rd , 2018 to display and discuss their wares at the Future Blockchain Summit, Till Payments seized the opportunity to shine the spotlight on how it’s changing the physical payments landscape across all industries – by delivering real and tangible benefits to end merchants via its complimentary range of Retail Payments solutions.
"We chose the Future Blockchain Summit as a launching pad for our RegTech because of the Dubai government’s 2020 blockchain powered city challenge and its digital wealth initiative 'Internet of Things' (IoT) strategy" said Shadi Haddad, Founder and CEO of Till Payments. "At the very core of Till’s technology are blockchain, IoT and payments. The Summit provided us an opportunity to showcase the synergy of our product set to an audience focussed on adoption of such technology."
As the utilisation of artificial intelligence gathers pace in financial services, Summit attendeesreceived a sneak peek into why Till Payments is at the forefront of next-generation intelligent
payment systems:
- The first company to deliver a taxation compliance solution that leverages the blockchain technology.
- The only platform that offers enterprise-level integration to global Point Of Sale (POS) packages out of the box.
- Allows financial institutions to understand a client’s full revenue lines, aiding in lending and cashflow opportunity identification.
Till Payments demonstrated unique, innovative regulatory technology for merchants and government by unveiling its Hyperledger Fabric blockchain credentials, instantaneous value-added taxation reporting and compliance node. The latter provides real-time compliance data to regulatory bodies to aid in the closing of the taxation gap.
After two years of extensive research and development, Till Payments launches its products in July 2018. These will cater for diverse applications, including: in-store; on the road; not-for- profit and fund-raising; government; and security.
"We're a converged IoT, payments and blockchain company that is reshaping the way merchants accept payments and comply with taxation," Till’s Mr Haddad said. "Supporting both The Linux Foundation and Hyperledger was a logical choice for us, as it provides a solid technical foundation and supporting community that will help foster our innovation agenda."
As a pioneering FinTech company, Till Payments simplifies value-added taxation compliance by embracing blockchain and IoT - it streamlines the acceptance, settlement and reconciliation of payments. The result is a taxation system whereby merchants, their accountants and advisors, as well as the federal tax authority all work within a Blockchain Distributed Application containing a Smart Contract that manages and executes the regulation and obligations of the parties in real-time. ---
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