TT-Pay plans to launch in Silicon Valley by the last quarter of 2019. Tian Tian Ventures(TTV) co-founderBenjamin Berger, said it submitted a draft proposal to the board and detailed its plans for a cashless economy.
TTV aims to provide ongoing advisory and development support for a Common E-PaymentFramework (CEF). It also plans to spearhead support for an e-payment solution globally, which will be launch as TT-Pay, funded and run by TTV. TTV will target end-users, consumers, and businesses in Silicon Valley to establish ane-payment, cashless service and accept digital transactions.
TTV aims to issue one million wallets within the six months after it launch. This e-wallet takes on different forms such as from a Stored Value Facilities (SVF) card to a mobile wallet application, a chip and more. Benjamin added that there are currently no third-party consumer e-payment providers in the market that are gaining traction now, prompting the launch.
Earlier last month, TTV launched its ride-hailing service in China. TTV team are putting in double the effort in trying to bring the shared economy across to everyone, regardless of gender or even age. The company aims to grow the list of merchants on its e-wallet to encompass accommodation, travel, food and lifestyle services.
