Mother Teran

paymentssoftware/whitelabel/apis (payments)

FOUNDING YEAR: 2015
LOCATION: Korea, Democratic People's Republic of
Last Update: 22/10/2019

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About

Mother teran is the company which has a patent of NFC payment service in Korea. We always supply user focused service and low priced goods. EZEN TOUCH is the platform of Mother Teran based on the patent that can substitute the smart phone for plastic cards. Without turning on apps neither barcode nor QR code, with a single touch, it is possible to save or use the points. Also all the Pays and loyalty cards which already released are available and even micro-payment is possible. Micro-payment is a payment for people who don't have any credit cards like teenagers. People can pay back their spending when they pay their phone bill at the end of the month. They can't spend much money but this is quite useful way for them. But micro-payment in off-line was almost impossible. So EZEN TOUCH will make this possible, too. And some smartphones which don't have any NFC functions, they can use wearable NFC chips like smartphone case, smartphone ring, watch, bracelet, and smart ring which mother teran provides.

MEDICI Analysis

Mother Teran is a NFC powered card reader that allows smartphone user to pay goods at offline stores with a single touch without turning on the apps. It aims to lead the off-line market and transform the whole system of payment.

Focus

PRODUCTS & SERVICES

Mother Teran claims it's NFC reader can read the data of an customer's phone. It claims that the user can communicate the phone with NFC to pay for anything with a single touch without turning on the apps. It aims to lead the off-line market and transform the whole system of payment.

REVENUE MODEL

We can earn money from payment commission, selling readers, additional service fee

MAIN CLIENTS

Small businesses

PRIMARY PROBLEM SOLVED

financial problems

INTELLECTUAL PROPERTY

Patent(s) NOT_FILED

People

FOUNDERS

Yong Hong (CEO)

NUMBER OF EMPLOYEES

1-10

COMMENT:

We have a patent which can change the off-line payment market,passion to create the best one in a market.

Momentum

FUNDED

NO

LISTED

NO

For Investors

FUNDING NEEDED:

$1 M

USES OF FUNDS RAISED:

1. install readers

2. service infrastructure construction

EXIT STRATEGY

Sell our patent to large cooperation or M&A

BASICS

FOUNDING YEAR:

2015

LOCATION:

Korea, Democratic People's Republic of

Views:

48 VISITORS | 99 VIEWS

About

Mother teran is the company which has a patent of NFC payment service in Korea. We always supply user focused service and low priced goods. EZEN TOUCH is the platform of Mother Teran based on the patent that can substitute the smart phone for plastic cards. Without turning on apps neither barcode nor QR code, with a single touch, it is possible to save or use the points. Also all the Pays and loyalty cards which already released are available and even micro-payment is possible. Micro-payment is a payment for people who don't have any credit cards like teenagers. People can pay back their spending when they pay their phone bill at the end of the month. They can't spend much money but this is quite useful way for them. But micro-payment in off-line was almost impossible. So EZEN TOUCH will make this possible, too. And some smartphones which don't have any NFC functions, they can use wearable NFC chips like smartphone case, smartphone ring, watch, bracelet, and smart ring which mother teran provides.

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

MEDICI Analysis

Mother Teran is a NFC powered card reader that allows smartphone user to pay goods at offline stores with a single touch without turning on the apps. It aims to lead the off-line market and transform the whole system of payment.

Focus+
Momentum+
People+
For Investors+
Other+

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Mother Teran

About

Mother teran is the company which has a patent of NFC payment service in Korea. We always supply user focused service and low priced goods. EZEN TOUCH is the platform of Mother Teran based on the patent that can substitute the smart phone for plastic cards. Without turning on apps neither barcode nor QR code, with a single touch, it is possible to save or use the points. Also all the Pays and loyalty cards which already released are available and even micro-payment is possible. Micro-payment is a payment for people who don't have any credit cards like teenagers. People can pay back their spending when they pay their phone bill at the end of the month. They can't spend much money but this is quite useful way for them. But micro-payment in off-line was almost impossible. So EZEN TOUCH will make this possible, too. And some smartphones which don't have any NFC functions, they can use wearable NFC chips like smartphone case, smartphone ring, watch, bracelet, and smart ring which mother teran provides.

Focus

PRODUCTS & SERVICES

EZEN TOUCH : Without turning on apps, neither barcode nor QR code, with a single touch, it is possible to save or use the points. Also all the Pays and loyalty cards which already released are available and even micro-payment is possible. This is the real revolutionary platform you've never seen. NFC reader : The reader has not only NFC but also Beacon but it's 1.5 ~ 3 times cheaper than the existing readers. The sensitivity of the NFC sensor is really good, so when you approach your phone it can sense the user almost 99.9%.

REVENUE MODEL

We can earn money from payment commission, selling readers, additional service fee

TOP PROBLEM SOLVED

financial problems

PRODUCT DEVELOPMENT STAGE

MARKET TRIAL

PRODUCT DEVELOPMENT COMMENT

We produced the NFC reader prototype and will distribute to the affiliated stores in Korea.

KEY DIFFERENTIATORS

We made the whole progress shortly. EZEN TOUCH doesn't need any password, pattern, barcode or QR code. And don't need to turn on any apps in your smart phone. That's why it's much simple and easy even to the old.

PRIMARY CUSTOMER TYPE

Enterprise - Retailers

Small and Medium Business - Physical Retail

Small And Medium Business - Other

Consumer

PRODUCT ATTRIBUTES

Customer facing

Other

People

FOUNDERS

Yong Hong (CEO)

NUMBER OF EMPLOYEES

1-10

KEY EMPLOYEES:

CEO: Sunghong Yang

CTO: Jeonghee Yoon

FOUNDER: Yong Hong (CEO)

TEAM COMMENT:

We have a patent which can change the off-line payment market,passion to create the best one in a market.

Momentum

FUNDED

NO

FUNDING COMPLETED

NO

LISTED

NO

FUNDING SERIES