The Rise of HIVEX® Cross-Border Payment Platform
In October 2023, Taiwan's electronic payment market expanded internationally as three leading platforms—JkoPay (Street Payment), E.Sun Wallet, and PX Pay—integrated with Japan's PayPay via the HIVEX® Cross-Border Payment Platform. This breakthrough stems from Taiwanese entrepreneur Wu Ling's vision to repurpose blockchain technology beyond cryptocurrencies.
Key Milestones:
- October 2, 2023: JkoPay users gained PayPay QR code scanning in Japan.
- Upcoming Expansions: Korea’s Zero Pay joins HIVEX®, enabling access to 1.7 million Korean merchants.
- Future Targets: Thailand, Singapore, and other frequent travel destinations for global interoperability.
From Physics to Fintech: Wu Ling's Pivot to Blockchain
At 48, Wu Ling—a Stanford-educated tech veteran with 16 years at BroadVision—founded TBCASoft in Silicon Valley. His revelation?
"Blockchain’s decentralized ledger could revolutionize payments without costly infrastructure. Using it solely for Bitcoin is a missed opportunity."
The SoftBank Deal
- 28-Minute Pitch: In 2016, Wu convinced SoftBank’s then-CEO Ken Miyauchi to invest exclusively by focusing on real-world payment solutions, not speculative crypto.
- Strategic Investors: SoftBank (Seed Round), Naver Financial (Series B), and Far EasTone Telecom (Series A) backed his vision.
HIVEX®: How It Works
- Blockchain-Powered Network: Eliminates traditional clearinghouses, using QR codes for instant, low-cost transactions.
- Multi-Currency Support: Users pay in local currency while merchants receive funds in theirs.
- Scalability: Designed to include multiple payment providers per country, avoiding monopolistic alliances.
👉 Discover how HIVEX® compares to traditional payment gateways
Pandemic Pivot: Resilience and Adaptation
When COVID-19 delayed the 2020 Tokyo Olympics debut, TBCASoft:
- Streamlined Operations: Wu took a $1 salary; executives voluntarily reduced pay.
- Shifted Focus: Partnered with Taiwanese e-wallets to build domestic traction before relaunching globally.
FAQs: Cross-Border Payments Simplified
Q1: How secure is HIVEX®?
A1: Leveraging blockchain’s immutable ledger, all transactions are encrypted and fraud-resistant.
Q2: When will HIVEX® expand beyond Japan/Korea?
A2: Thailand and Singapore are next, with announcements expected by Q1 2024.
Q3: Why choose HIVEX® over credit cards abroad?
A3: Lower fees (0.5–1% vs. 3% for cards), real-time exchange rates, and no foreign transaction fees.
The Road Ahead: IPO and Global Dominance
Wu Ling’s goals:
- Complete Series C Funding for global market penetration.
- IPO Readiness: Prepare TBCASoft for public listing post-expansion.
👉 Explore blockchain’s potential beyond cryptocurrencies
Keywords:
cross-border payments, blockchain technology, HIVEX platform, SoftBank investment, QR code payments, decentralized finance, Taiwan fintech, global payment solutions
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