KanduPay is strategically launching out digital currency exchange, remittance, and e-wallet solution in Mexico and Brazil as a key beachhead market, leveraging our unique capability to process both fiat and cryptocurrencies. This positions us perfectly to cater to diverse financial needs. Brazil, along with Mexico, represents a significant opportunity, given the substantial remittance flows from the US—USD 0.9 billion to Brazil and USD 59 billion to Mexico. With 679,800 people in the US remitting to Brazil and a favorable regulatory environment for cryptocurrency exchanges, we are poised to capture growth in this promising USD 32.77 billion market.

Our initial focus will be on these high-potential remittance corridors, supported by a projected CAGR of 3% in both markets. Once we establish a strong foothold, our strategy will expand to include continental Africa and its diaspora, as well as other global markets, tapping into the vast network of unbanked and underbanked individuals worldwide.

KanduPay is developing a cutting-edge AI and ML predictive tool to identify promising new markets for our digital monetary platform, e-Wallet, and remittance services. By analyzing complex time-based market behavior data, remittance patterns, methods, and channel costs, this tool will pinpoint optimal markets and segments for potential entry, helping us expand our global reach and better serve our users with major fiat and digital currencies.

The world faces an unmet need in the realm of remittances, especially for migrant workers sending money home. In 2018, over 200 million migrant workers transferred USD 689 billion globally, with USD 529 billion going to developing countries. Traditional channels like WesternUnion and Moneygram are costly and pose security risks due to their reliance on physical locations. While electronic fund transfers via banks are safer, legal and institutional barriers often make it difficult to open bank accounts, and these systems lack real-time transactional rates. At KanduPay, we recognize the need for an intuitive, permissionless decentralized currency exchange platform to facilitate timely, secure, and cost-effective fund transfers, providing a modern solution for millions worldwide.