FAQ

How are you different from Venmo or any other P2P app service?
Our business goals and our technology are different.

We and Venmo (and other P2P payment services) have different missions. We are on a mission to tokenize cash in and out of bank accounts in an interoperable way, globally.

P2P apps, for example, Venmo, require everyone to be on their platform. If I want to pay you, both of us have to be on Venmo. VaiuPay interoperates with existing payment methods.

Most P2P app services are not usable for online e-commerce checkout, nor for over-the-phone or any other formal payments.

What about cash transactions that are not online?
You can use Vaiu as a substitute for any cash transaction. Simply generate a Vaiu Code and give it to the merchant.

Does this benefit the merchant?
We expect merchants will have

1. • higher revenue due to sales to customers that do not have credit-cards

   • higher revenue due to simplicity of re-ordering by customers

   • higher satisfaction of users based on a more delightful checkout experience

   • a reduced data-processing burden

   • greater promotional capabilities with our smart multi-part transaction technology (but that is not the goal for this first phase)

Are you a bank and do you handle my money?
No, we are a technology platform that enables smart money and improves user experiences with payments. We leave the handling of money to banks and other financial institutions.

Can you give us an example of a programmed payment?
You can create money with Vaiu with constraints. For example, you can set a geographic boundary (Paris), and a time (Tuesday afternoon), and anything else (e.g. if it is raining in San Diego).

What do you mean by eliminating escrow? How is that possible?
You can tell Vaiu to authorize a transaction based upon the fulfillment of mutually agreed upon conditions. Vaiu will automatically validate that the conditions are fulfilled and release the funds. When Vaiu is used as a debit mechanism the entire amount is committed up front; there is no reason for one party to have to trust the other eliminating the need for a trusted third party.