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Currently, the methods of money remittance are costly, inconvenient, slow, unsafe, unreliable and not demographically targetted with laser like focus.
PayAutoMata's products provide the optimal springboard to launch financial service solutions tailored to the specific needs of International demographic consumer segments. Our goals are to demographically tailor and target money transfer products that combine superior technology with infrastructure solutions to deliver convenient, cheap, fast, safe, and reliable solutions.
Currently, our first product will be focusing on the Indian NRI money transfer market to India from abroad via plastic credit and debit card products. Our goal is to capture 30% of that market through competitive advantages leveraged from the results of the combination of our market experience, technology platform, and infrastructure solutions.
We are currently in our business and product development phase with a projected product launch during the Summer of 2006 and have secured our initial round of seed funding to meet the budgetary requirements necessary to launch the product. We will be moving into the round of raising startup capital to drive the business at an accelarted rate to acquire and secure sufficient consumer market share. If you are interested please contact investor relations at: ir@payautomata.com
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Electronic payments are displacing cash payments in advanced countries at an astronomical rate of which in some nations electronic payments by debit cards has exceeded that of cash and checks combined. The acceptance and deployment of electronic payments in developing economies is advancing at double digit growth rates somtimes greater than 50%. The convergence of electronic payments, financial services, and payment devices from plastic cards through hand held devices provides a market opportunity of magnificent proportions in terms of economic and market opportunities