GLOBAL UNIFIED PAYMENT NETWORK

Revolutionize the entire payment ecosystem

Drive financial inclusion

HAZZA Network is a global unified and open payments network built and managed to facilitate seamless cryptocurrency payments over existing conventional payment networks.

The HAZZA Network is ready and is preparing for launch.

Merchants, payment service providers, and crypto payment providers can contact us for the HAZZA early access program.

Contact us for early access

What is HAZZA




OVERVIEW

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CHALLENGE

The current payments market is highly fragmented and complex. Many intermediaries exist, taking high fees and creating unnecessary friction at the expense of the consumers, merchants and market participants. With the total non-cash payments transaction value projected to be at $70TN* by 2025, the payments market is awaiting disruption.

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OPPORTUNITY

We are moving to a digital world. Digital adoption, together with Alternative Payment Methods have seen explosive growth. With the development of Blockchain and Smart Contract technology, the stage is set to bring together a harmonious and frictionless ecosystem for the payments market, and drive financial inclusion.

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SOLUTION

With the HAZZA project, we aim to take an existing, proven enterprise payment platform to the blockchain. HAZZA aims to revolutionize the payments ecosystem by creating an open access, global, unified payments network governed by the community for the community.

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PARTICIPATION

The HAZZA Network is ready and is preparing for launch. Merchants, payment service providers, and crypto payment providers can contact us for the HAZZA early access program. Contact us for more information

* Electronic transactions consist of online and offline payments by credit card, debit card, pre-paid card, eWallets and mobile payments, etc.




OUR VISION: PARTICIPANT BENEFITS


Cryptocurrencies,
Crypto Payment Solutions

Cryptocurrencies and crypto payment solutions can be natively accepted on conventional, mainstream, existing payment networks, and become less dependent upon issuers. This also reduces the burden to merchants of dealing with multiple networks, interfaces and management/reconciliation systems by having a single, consolidated front-end system.


Merchants

Merchants who want to accept non-cash payments will no longer have to engage in a slow and expensive process of seeking and contracting with various intermediaries who charge fees on every transaction and only provide access to a limited range of payment methods.

Merchants will gain fast and simple access to all payment methods on the HAZZA network, while saving cost and realizing increased revenues from broader payment method access.

Hazza’s omni-channel technology will also make it easy for any merchant to accept both online and offline payments, supporting ‘O2O’ strategies.

HAZZA’s omni-channel technology will also make it easy for any merchant to accept both online and offline payments, supporting ‘O2O’ strategies, all through a single open API.


Payment Method Providers

Payment method providers will no longer be forced to compete in closed and fragmented market where a few payment methods dominate, struggling to gain wider acceptance which is costly and time consuming.

In the Hazza network, payment method providers are free to compete on the merits of their product and have direct access to merchants and other users.


Payment Networks, Issuers and Acquirers

Existing payment networks, issuers, acquirers, and card schemes can leverage on HAZZA's decentralized network and global reach in order to lower their CAPEX/ OPEX and as a result expand their footprint in developing countries or build additional functionalities in existing markets.


Valued Added Service Providers

HAZZA network allows various parties such as Point Of Sale, EFT terminal, FX, KYC, and new emerging service providers to benefit from direct access to participants in the payment ecosystem, driving innovation and new economies.


OUR VISION: HARNESSING PROVEN TECHNOLOGY

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PROVEN

  • Proprietary, cloud-based technology
  • Intelligent routing & switching for cost optimization
  • Real-time consolidated reporting and dashboards
  • Unlimited scalability
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CERTIFIED

  • Certified processor of Visa, MasterCard, Discover Card, Diners Club, and American Express
  • BASE I and BASE II capable
  • Fully functional ISO 8583 Payment Switch
  • Fully compliant local/global instances
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REAL TIME OMNI-CHANNEL

  • E-commerce, Physical PoS, mPoS, MOTO, Coupon, Loyalty on a single integrated platform
  • All major Card Brands and comprehensive coverage of global Alternative Payment Methods (APMs)
  • Processing 130+ currencies
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SECURE

  • Web-based, secure portal for transactions management
  • Comprehensive audit trail & access control
  • Encrypted payment card data
  • PCI DSS Level 1 Compliant

OUR VISION:MIGRATION TO BLOCKCHAIN

The HAZZA network will be built using blockchain technology

OPEN API

The typical payment processing integration model is very linear and dependent on the payment network company. Due to this linear model, the integration is very costly and time lengthy. HAZZA network’s Open API model takes a different approach; the payment channel integrates itself to the HAZZA network using the public API, removing the bottleneck.

CONTRACTUAL LAYER

Smart contracts will be used to facilitate aspects such as KYC, commercial terms, participant registry, and publishing of services. Due to the nature of this evolving technology, merchants and payments participants will see significant time savings and minimized acquisition costs.

CORE PROCESSING PLATFORM

The Foundation will evaluate the new blockchain technology readiness and leverage it for core processing when ready. This includes evaluation of off-chain state channel technologies, such as Lightning Network and RAIDEN.

Ajmal Samuel

Founder/Strategy

Ajmal has over 20 years of experience in financial infrastructure, payments, clearing houses, regulatory, IT and management. He is the Ex-President and CEO – Cityline, Founder and CEO – ASAP Transaction Processing Corporation Limited. He also is a fellow of the Hong Kong Institute of Directors, member of the Institute for Electrical and Electronic Engineers (IEEE), International Computer Society, and Association for Computing Machinery (ACM) and sits as Board member for the Sir David Trench Fund (HKSAR Government).

Tyrone Lynch

Founder/Strategy

Tyrone has over 20 years of experience in P&L management for global multinationals in the payments and technology sectors. His expertise lies in international market entry and commercialization of new businesses. Tyrone launched and managed a new global payments service line for NTT Communications Asia. He is also the former CEO of NTT DATA Hong Kong’s global payment business and Senior Executive for Atos Origin and SchlumbergerSema Japan. Tyrone is fluent in Japanese and holds an MBA in international business from Thunderbird.

Hans Wong

Founder/Payments Technology

Hans has over 20 years of industry experience in large-scale mission critical financial infrastructure and payments systems development, deployment and management. He has comprehensive working knowledge of the banking regulatory framework applicable to financial technology, and has previously led the technical direction, development and operation of mass transaction systems and designs and implementation of mission-critical messaging solutions at International Messaging Associates for US government organizations and many large international corporations.

Gary Chan

Finance

Gary Chan is a seasoned finance executive and an entrepreneur. In 2014, he joined CFO (HK) Limited, and is currently the Greater China CEO. Mr. Chan was a partner at Creat Capital Company Limited, a private equity investments company and has also worked with KPMG, Deloitte and Goldman Sachs. Mr. Chan was also the corporate finance director of TNG (Asia) Limited, a financial technology company based in Hong Kong and obtained a bachelor’s degree in mathematics & master’s degree in accounting from the University of Waterloo in Ontario, Canada. He obtained his Chartered Accountant designation in Canada in 2000.

Hugh Madden

Blockchain Technology

Hugh Madden is a financial markets and security professional with 18 years of experience and expertise in developing and managing institutional/retail financial industry technology operations, and architecting low latency trading platforms. Madden is also a successful serial entrepreneur. Madden is co-founder and CTO of ANX International and CTO of EquiChain, overseeing the technical direction of the platform. In 2017, Madden lead the launch of openANX, a real-world application of decentralized exchanges built on the Ethereum blockchain. Madden has served in HSBC, Commonwealth Bank of Australia, Lloyds and HBOS. Madden is the Co-Chair of the Blockchain Committee at FinTech Association of Hong Kong and he also sits on the Business Technology Committee at Australian Chamber of Commerce Hong Kong.

Tiarnan Lynch

Digital Strategy

Tiarnan has been heavily involved in the cryptocurrency space since 2014. He has previous experience working for various blockchain projects in Hong Kong as a digital marketing executive.

Nadja Van Der Veer

Legal

A legal professional with a decade of experience in the international payments industry and expert in rules and regulations involving Financial Services, AML, Card Schemes and data protection. Nadja has acquired in-house experience as a Deputy General Counsel for a global Payment Service Provider and as a VP Legal & Regulatory for a European Acquirer. With this experience and a broad perspective on all legal and business aspects of payment processing in the global e-Commerce industry, Nadja provides her clients – including Octo3 – legal and compliance assistance.

Eddie Tsoi

Operations

Eddie currently has years of experience in the payment service industry. His main focus is on the operational aspects of payments integration and infrastructure support, and is a PMP certified professional.

Stephen Hill

Finance

Stephen is proficient in German and Japanese and holds a BSc in Economics (Leicester University) and an AMP diploma from Wharton.

Dicky To

Tax

Dicky is a Partner of RSM Hong Kong, specialized in provision of structure, transaction and tax advisory services. Dicky was qualified with Arthur Andersen & Co. whereas he worked in the Hong Kong and Shanghai Offices for more than nine years. Dicky joined RSM Hong Kong in 2003. RSM Hong Kong is a member firm of RSM, an international network of professional firms. RSM is the sixth largest global network of independent audit, tax and consulting firms, encompassing over 120 countries, more than 800 offices with over 41,400 people internationally and a total network fee income of US$4.9 billion.

Ken Lo

Strategy

Ken is a successful serial entrepreneur who co-founded ANX International, one of the world's largest blockchain service providers. As the CEO of ANX International, he has over 5 years experience in blockchain strategies, extensive knowledge in running world-class crypto-assets exchanges, and providing innovative solutions to many blockchain platform operators. Ken has 20 year's experience in business strategy and execution working for MNCs like BT, Accenture, and Verizon.

Dave Chapman

Strategy

Dave Chapman is an Australian serial entrepreneur with over a decade of experience in banking and financial technology. In 2013, Chapman co-founded ANX International (ANX) and continues to serve as COO currently. In 2016, he started Octagon Strategy Limited and has since served as the Managing Director to lead the strategic vision of the Asia’s largest OTC trading desk specializing in digital assets and commodity. Prior to his successful entrepreneur journey, Chapman had managed large, global teams at HSBC, Credit Suisse, Barclays Capital, ABN AMRO and Bear Stearns, among other financial firms.

David Tee

Strategy

David brings significant professional experience to the team, with over 25 years of corporate finance experience in equity and debt public financings, private placements, mergers & acquisitions and restructurings throughout Asia, Europe and the U.S.

Cemal Hamitogullari

Payments

Cemal has over 20 years' experience in payment, security solutions and trading. He has held top management/senior positions at security and financial institutions (Ingenico, Cryptomathic, Paytrek). He holds an MBA, BSc in Mathematics, MSc in Finance, full Turkish brokerage license, and is an investment analyst & business developer. Cemal’s main focus is on executive level business development and M&A in FinTech and Security.

Timothy Sparrow

Payments

Tim has over 15 years experience in the payments industry, spanning US, UK, Europe, and a decade in Asia. His experience ranges from leading large scale technical payment projects, consulting and advising on fraud management techniques and tools, to co-authoring e-commerce and fraud whitepapers. Tim was employee #1 for CyberSource APAC, and led the launch and managed the region from initial expansion concept through to the acquisition by Visa. He has consulted for many organisations globally, including providing his expertise on Asia Payments to government projects and top tier consulting firms. He is currently Managing Director and board member of a global consulting firm and is based in Hong Kong.

Pierre Thiercelin

Payments

Pierre has over 15 years’ experience in e-commerce, legacy payment/cryptocurrencies and gaming. He has held top management/business driving positions at financial, gaming and electronics companies (Samsung, Ingenico). He is also an entrepreneur and expert consultant for research firms such as De Matteo Monness and Ergo. Pierre’s main focus is on executive level business development and M&A in FinTech (legacy systems and cryptocurrency/blockchain).

Sanjiv Purushotham

Payments

Sanjiv has solid experience in banking and payments (digital, mobile, traditional) with two global giants. He is a winner of 3 Global GSMA Awards (the Oscars of the mobile world), Global Sales Champion –MasterCard, P&L owner for high-value credit card and unsecured lending businesses in American Express in India and South-East Asia, Middle East & Africa responsibility for Business Development in MasterCard, Key relationship manager handling regional level B2B relationships with partners like Google, Microsoft, Sony, Airtel Africa, MTN, Ooredoo, Etisalat, regional marketing responsibility for American Express Corporate Services, franchise management for American Express Travel.

Stephen Richards Evans

Strategy

Stephen Richards Evans (SRE) is currently devoting his time to the management of a portfolio of investments and as an adviser to a number of wealthy families and their advisers, including Seignosse Cap, a Singapore-registered company. SRE has over thirty years' experience establishing and directing businesses that advise families and family offices on both the public and private sourcing options for their funding needs and also the applications thereof (also through private / direct equity and debt channels and also public markets). SRE stepped down from his role immediately prior to taking up his current activities at the end of March 2017 with Standard Chartered Bank where he was the Global Head, Ultra High Net Worth (UHNW). Before joining Standard Chartered SRE was a Regional CEO of HSBC Private Bank.

Steven Vinik

Strategy

Over the past 25 years, Steven Vinik has honed a diverse array of skills in financial markets. He has significant experience in the investment field, managing substantial portfolios for companies such as Crosby Group, Lloyds TSB Pacific and RBC Asset Management (Asia) Ltd. He has previously advised institutional clients and Ultra High Net Worth (UHNW) individuals. Additionally, he spent seven years as the Global Head of Securities and Regional Head of Investment Advisory at Standard Chartered Bank. Currently he is engaged in Origination and Introduction with Seignosse Capital Pvt Ltd (Singapore).

Aron Dutta

Strategy/Technology

Aron is the Chairman, CEO and Founder of VAPHR Inc., a new age “pure play” platform company for trusted commerce transactions which employs disruptive technologies and capabilities by creating new operating models and ecosystems that enable unfair competitive advantages through the use of blockchain, cryptology, cyber technology, artificial intelligence, machine intelligence, and the internet of things. Previously, Aron was the founding Vice President and Senior Partner of the Global Blockchain Center of Competency at IBM. Prior to IBM, Aron worked as Sr. Managing Director, and was part of the Office of Chairman at Cisco Technologies, where he co-founded the New Frontiers Team and the CEO Prime program. Aron also has experience at Scient Inc., Viant Inc., Booz Allen & Hamilton Inc., Salomon Brothers Inc., Department of Defense, TRW – and advisory to governments, academia and financial organizations.

Victor Kazdoba

Strategy/Technology

Currently serving as the COO of VAPHR Inc., Victor Kazdoba is a senior Wall St. technology leader with experience in the management, design and implementation of mission-critical nancial (Fixed Income/Equity) trading, sales, research and e-commerce architectures, infrastructures and applications in the Capital Markets industry. Victor has previous experience at JPMorgan, Citi, Goldman Sachs, Credit Suisse, Lehman Brothers, Salomon Brothers Inc., and Bell Laboratories.

Robert Flohr

Strategy/Technology

Leading the Corporate Development and Human Capital Strategy at VAPHR Inc., Robert Flohr has had a long career as a senior advisor and consultant to major banks, asset management rms, private banks and technology businesses. He has worked with the boards and executive leadership of a number of banks, consulting on issues related to corporate restructuring and integration, strategic planning and business growth, management development, succession planning, leadership and change management. Robert has previous experience at Options Group, Korn Ferry, McKinsey and Co., Princeton University, and is an advisor to many entrepreneurial ventures and on advisory boards of multi-billion-dollar venture funds.