Sunday, October 14, 2018

Taunigma business-conference in Germany

The annual Taunigma business-conference was held in Germany on September 29. Over 100 partners met near Frankfurt am Main. 

This mega event was opened by Cristiane von Beuningen, who told about her first acquaintance with our company, her first prejudices and the following admiration with our business-model, the company and the entire team. She called it “the pearl” and a truly unique phenomenon. 

The conference was continued by Henry Staroste, who told about main advantages of such business-model, and compared it to widely spread advertisement displays and card-readers (POS-terminals for payments), which are highly recognized in Germany. In his speech Mr. Staroste imagined what would have happened if Germany allowed the ownership of POS-terminal that is, for example, installed in a gas station, and to earn from every gas sale. Tempting idea, but it unlikely happens in this country. 

Later Cristiane von Beuningen made a short summary of the previous speaker and presented the Chairman of the Board and the founder of the company, Alexander Chub. 

In his speech, Alexander Chub provided a short review of the company’s development since 2013 and the financial report for 2017. He also assured the participants that in the future they have a chance to not only become the owners of a small business (terminal, display, combo), but the partners in one of the biggest IT-companies in the Emirates as well. He told what it’s like to start as a small payment system that is not taken seriously, then become a noticeable competitor, and later turn into the biggest and fully recognized provider of payment services and the UAE’s market leader. 

After the short summary of this exciting report, Frau Beuningen turned the floor over to Vasyl Katriy, the president of Kiosk IT System Trading LLC. 

In his speech, Vasyl Katriy told about the details of the company’s new projects; about partners and services, which are either already implemented in terminals, or are going to be in the near future; and about the opportunity to make monthly payments to telecommunication provider Du. He also provided an insight on future possibilities for further increase of services range.

After this impressive report, Cristiane von Beuningen summarized previous speaker and drew a parallel between the beginning of terminal business in the UAE and the owners of payment kiosks. 

Payment terminals with the most relevant services for immigrants allowed the company to cover the entire country and earn the reputation in all the Emirates. 

Today NT.Payments terminals have already gained popularity among the users and are in high demand all over the country. Service portfolio is currently being enhanced in such a way that meets the demands of the remaining users (residents and tourists). Kiosks, which mostly offer the payment of mobile services, paved the way to the world of big business. The owners of terminals, combos and displays also have a chance to become the co-owners of the biggest payment aggregator in the UAE from private owners of a small business.

During the interim, conference participants enjoyed communication and richly furnished cold table. 

The second part of the conference was opened by Alexander Chub. In his report, the founder of the company extensively talked about the impressive new projects, such as “NT.Power” (charging station for electromobiles), “NT.Wallet” application (electronic wallet), as well as about the realization and launch of new services, for example ticket payment to Dubai police etc. 

Company proceeds its active development in different directions. In his speech, Mr. Chub talked about the upcoming IPO and related audits and certifications. He also told what possibilities every partner will get after the company enters the stock exchange, having expressly emphasized the leadership and significance of the company in the UAE. 

Taunigma and NT.Payments history reminded him of his childhood and his admiration with “One Thousand and One Nights”.  

At the end of his report, Alexander Chub invited Vasyl Katriy, the CEO of the company, to get back on stage. Together they answered the number of questions coming from the participants of the conference. 

The event was ended by Henry Staroste. He summarized the report of the company’s CEO, considerably turning to human psychology, and explaining, why people in general find it so hard to change something safe and clear (monthly income) for something new and unknown (shareholder’s dividends). He showed what an outstanding chance all the investors will get after the company enters the stock exchange. 

At the end of the conference the host of the event, Frau Beuningen, thanked everyone for this productive day and their vote of confidence, and also asked all the participants to try to fully realize, what “pearl” they hold in their hands.

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