Numpay serves cross-border remittances, freelance payouts and people without bank accounts. Numpay serves cross-border remittances, freelance payouts and people without bank accounts.

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Global remittances: $860B+ and growing

Average global remittance fees are around 6.2%, and higher in low-volume corridors. Transfers take 1–5 days, need ID and bank accounts on both ends, and lose value to FX markups. Remittance flows to low- and middle-income countries topped $630 billion in 2023. A 1% share of global remittances is over $8 billion a year in volume.

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Freelance and remote work payments: ~$1.6T by 2025

Freelancers lose 7–10% to platform and FX fees and wait 2–7 days for payouts that require a bank account. Numpay lets them be paid in crypto to a mobile number or email, with no gas to manage and funds usable immediately. API-driven payouts open the door to platforms paying their workers directly.

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The unbanked and underbanked: 1.4 billion people

1.4 billion adults have no bank account, card or digital payment tool, often because of ID requirements. They depend on cash and agents and are shut out of remote work and online commerce. Numpay needs no bank account, starts from a mobile number, and runs as a lightweight web app on low-end devices. Priority regions: Africa, Southeast Asia and parts of South America.

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Identifier-based wallets for Web3 onboarding

Long addresses, seed phrases and gas tokens keep most people out of crypto. Numpay’s model of mobile-number- and email-linked smart wallets with sponsored gas removes all three, and can onboard users who never think of themselves as crypto users.

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Summary