What is Omise? Omise Review, Features

Omise is Thailand's leading online payment gateway, providing a wide range of processing solutions for any business needs. It operates primarily in Thailand, Japan, Singapore, Indonesia, and is rapidly expanding in the Asia Pacific region.

About Omise

Omise mainly provides online payment gateway services for online merchants in Thailand. It can provide a seamless online payment experience on mobile and web terminals, support minimum identification and authentication while ensuring transaction security. At the same time, users do not need to pay monthly subscription fees. Omise only charges a very low fee for each payment transaction.

Development History

-In 2015, Omise donated $100,000 to Ethereum to restart the open source grant program (DEVGRANTS) operated by the Ethereum Foundation to support project development.

-In May 2015, it received US$2.6 million in Series A funding.

- In November 2015, Omise announced that it had received funding from Golden Gate Ventures. Omise pointed out that this was an expansion financing, which means that it will use this money to expand its domestic market and the entire Southeast Asian market.

-In July 2016, Omise announced that it had received a $17.5 million Series B financing, led by SBI Investment, a well-known Japanese venture capital firm.

-In November 2016, Omise was named a “FinTech Star” by Forbes magazine.

-In May 2017, Omise announced a partnership with Alipay to launch an e-wallet, integrating Alipay payment solutions into its own payment service suite to help local Thai e-commerce merchants accept online payment transactions from Chinese tourists.

- In June 2017, OmiseGO officially launched its ICO. The upper limit of the financing is 25 million US dollars, and the sale is only conducted through Bitcoin Suisse and ICOAGE. The token distribution began in July 2017.

-In July 2017, Thai payment giant Omise announced that it would acquire Paysbuy's payment business from local telecommunications giant Total Access Communication (DTAC), but the acquisition price was not disclosed.

-In July 2017, Omise launched the OmiseGO token based on the Ethereum blockchain, hoping to help users "break free from the shackles of banks", which means providing alternative financial and digital business tools for everyone.

-Omise received investment from Nomura Securities in July 2019. A group of unnamed partners and several venture capital firms that have previously invested in the company also participated in this round of financing, including Sinar Mas Digital Ventures (SMDV), Ascend Money (the fintech division of Southeast Asia's Ascend Group), and Golden Gate Ventures.