Zink Pay is a complete end-to-end payments and reconciliation disruptor for any payments made with cheques, post-dated cheques or cash. It eliminates people’s reliance upon the traditional cheque and cash-based system and moves the market’s mind-set to monthly payments.

Direct Debit has largely replaced cheques in most of the European economies. The UAE economy has started the process of moving away from cheques in favour of a UAE Direct Debit System (UAEDDS). Zink Pay is on a mission to facilitate the region's transformation from a cheque and cash dependent payment system to a simple, safe, and secure way to make payments in line with European economies.

Zink Pay is a combination of a web platform (for Billers) and a mobile application (for Payers) that will allow Billers and Payers to move away from cheques and move to a monthly billing system.

The process of collecting, processing, and storing post-dated cheques is very expensive for Billers, not to mention the 1.1M+ cheques that bounce annually. Zink Pay significantly reduces the costs for Billers to process a cheque (from $5 to $1.5 per cheque – 70% savings) whilst at the same time reduce the risk of a failed payment.

Our research has shown that Billers who offer a monthly direct debit payment option retain a higher percentage of existing customer while attracting more new customers.

Zink Pay will operate in the UAE and across the MENA+ region in real estate, schools, auto leasing, insurance, subscriptions, and any other recurring payment sector. Zink Pay aims to be in 5 countries within the first 3 years, including UAE, KSA, Egypt, Pakistan and Indonesia having an estimated 10M+ active accounts.

The Company will earn a minimum of $1 USD per account/month with an individual Payer having multiple accounts such as rent, school fees, auto leasing, insurance, subscriptions, and any other recurring payments. With the region having a population in excess of 635.5M people we estimate that there is huge potential for Zink Pay to gain 10M+ accounts in 3 years.

The following exit strategies have been considered and approved by the Board of Directors:

1. We anticipate a possible acquisition by a global competitor taking place over the next 3 years, which is very likely to yield a high multiple exit to any shareholders present at the time.

2. We aim to pay all shareholders an annual dividend whenever possible. This shall ultimately be at the discretion of the Board of Directors, who will approve the dividend payment based on the Company’s annual performance.

3. The Board, in its sole discretion, may offer a Share Buyback to all shareholders investing in this round under the Eureeca platform 3 years following the issuance of shares. The price per share at which the Buyback will be offered shall be determined based on the market value of the Company at that point which we conservatively estimate to be circa USD$250M.

4. Subject to the Company making positive traction in the marketplace and increasing its value, the Board in its sole discretion may continue operations for another 24 months prior to considering any buyout from third parties.

5. The Board in its sole and absolute discretion may determine to move forward on an Initial Public Offering (IPO). Such form, structure and terms of any transaction(s) and/or offering(s) to effect the IPO including the timing and conditions to the consummation of the IPO shall rest within the purview of the Board.