WonToCM Conquers Overseas Markets in 24 Countries with Smartphone 'Stamping' Technology

Partnered with Over 90 Global Companies for Expansion
O2O Service Available Without Separate Infrastructure
Data Analysis Enabled... IPO Targeted for First Half of Next Year

Ecos Stamp by One Two C M used in Shimatoku Prefecture, Japan [Source=YouTube]

If you visit Shimatoku Prefecture in Japan, famous as a tourist destination, you can conveniently make payments using your smartphone without cash or cards. When you charge money onto your smartphone at the tourist information center, the local government adds a 20% subsidy, and from then on, you only need to show your smartphone screen at about 80 affiliated stores including hotels, restaurants, and shops. When the merchant stamps the screen, the phone automatically recognizes it and completes the payment. This technology is ‘Ecos Stamp,’ developed by the Korean SME OneTwoCM. Annual transaction volume in Shimatoku alone reaches 40 billion KRW.

Han Jeong-gyun, CEO of OneTwoCM, said in an interview with Asia Economy, "Globally, O2O (Online to Offline) services that combine online and offline are spreading, but the need to build large-scale infrastructure is a limitation," adding, "With just the Ecos Stamp technology, you can easily use various O2O services ‘as long as you have the stamp.’" This small stamp, measuring 3.2 cm in width and length, 3.9 cm in height, and weighing 200g, incorporates over 200 patented technologies.

From the early stages of developing the Ecos Stamp, OneTwoCM targeted the global market. While POS (Point of Sale) devices are widespread in offline stores in Korea, the situation was different in countries where digital transformation is slower. Especially since there is no need to install separate infrastructure like barcode readers, they were able to quickly capture overseas markets. Together with about 90 overseas partners, they are conducting business in 24 countries worldwide including the U.S., China, and Singapore. They process over 4 million stamp approval data daily, and have shipped more than 600,000 stamps overseas to date. This year, they expect sales of 18 billion KRW and operating profit of 1.9 billion KRW.

The stamp uses the electrostatic touch input method applied to all smart devices to increase recognition accuracy. It can be linked not only to payments but also to various services such as marketing and events, and the fact that a smartphone recognizes an analog-shaped stamp also provides fun for consumers. CEO Han explained, "We made the hardware (stamp) as simple as possible while incorporating advanced technology into the invisible software," adding, "It is practical because it is neither heavy nor expensive and does not require charging."

When payment data accumulates in the cloud-based software, various big data analyses become possible. CEO Han revealed, "We are developing a service in partnership with a domestic bakery brand to predict optimal order quantities based on weather or holidays." He said, "We plan to expand services in the Americas and Southeast Asia and aim for an IPO (Initial Public Offering) in the first half of next year," expressing his hope that "the value of companies pioneering overseas markets with original technology will be recognized domestically as well."

This content was produced with the assistance of AI translation services.