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At Omise, we believe that online payment is a necessity to develop a successful business on the internet. We provide our users with the necessary tools to run an online business, accept payments and connect them with millions of potential customers.Our payment solution is simple to setup and works seamlessly across multiple devices. We take care of connecting and maintaining relationships with processors and acquirers which let our users focus on building great products.
Omise is a payment management platform designed to connect customers. It develops and operates an online payment platform that works on the web and mobile. Its platform allows users to transfer money directly from their account, return money to customers, and save customers' cards to charge them again in the future.
Omise offers a payment management platform for e-commerce businesses in Asia as well as global markets. It provides a PCI-DSS-certified online gateway that enables retailers to accept payments from customers. The payment gateway supports card payments (both credit and debit), internet banking, and Alipay. Omise also offers a public Ethereum-based platform that enables users to conduct peer-to-peer transactions in both digital and fiat currencies. It has also developed a public, decentralized platform called OMG network, which offers an asset-backed blockchain gateway. It uses the mechanism of a protocol token to create a proof-of-stake blockchain to enable enforcement of market activity amongst participants. It includes various offerings like White-Label SDK (enables users to create an app, for wallet-to-wallet transactions of crypto and fiat currencies, loyalty points, game credits), Digital Asset Gateway (enables users to access, manage, and transact with digital assets through the OMG network), decentralized exchange (offers users with multi-asset and cross-chain interoperability) and ClearingHouse (enables clearing of transactions through Ethereum smart contracts).
The company generates revenue through transaction fee. 1. It charges 3.65% per transaction for accepting payment via credit card. 2. It charges 1.65% per transaction for accepting offline payment and 3.65% per transaction for accepting online payment both via Alipay. It also charges transfer fee which is $0.9 to $4.51 depending on the transactions.
Major clients: Ascend
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In addition to the product suits, the company has launched a blockchain-based payments platform, which enables users to conduct P2P transactions.
$17.33 M in 2015
1000% transaction growth from 2015-2016.
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