Day: July 28, 2022

Global Telco Webtel.mobi’s Briefing Document to International Consultancy Frost & Sullivan for Valuation of its TUV Digital Currency / CBDC-equivalents reveals that the TUVs’ fully-operational capacities exceed prevailing theories of Digital Currency / CBDC capacities by so far as to be startling – and potentially herald the biggest changes in over a Century to money and finance as we know it

LONDON and NEW YORK, July 28, 2022 (GLOBE NEWSWIRE) — Webtel.mobi (“WM”), the global telephony company that has developed the world’s first functional Global Digital Currency equivalent and Global CBDC equivalent – the “TUV” – has issued its Briefing Document to International Consultancy Frost & Sullivan for the valuations of its three types of TUV (the “Standard”, “Secured” and “Smart” TUVs).

The Briefing Document revealed the scope, range and capacities of WM’s fully-operational Digital Currency / CBDC equivalent – using, as it does, 21^st Century technologies and the Global Telco’s worldwide connectivity.

The results surpass – by multiple factors – all the most optimistic predictions and forecasts of the advancements that a functioning Digital Currency or CBDC could bring across all sectors and markets worldwide, and to the global digital economy itself. They are significant to the extent that they could potentially usher in the most significant changes to the existing concepts of money, currencies, finance and economics in over a Century.

Moreover, WM’s TUVs and WM’s Global Financial System equivalent – having been operationally tested and refined for over eight years – are currently fully operational not only for company/merchant and individual/consumer use worldwide, but also for immediate adoption by Central & Commercial Banks and other Foundational Financial entities if they choose to.

This is because the WM System and TUVs have been structured to enable seamless and worldwide “Whole Market” access and use – without requiring systemic change or alteration by any parties, and across all sectors, countries, currencies, and systems. This enables all persons and/or entities worldwide to benefit from its profound advancements, which include the following:

Geostrategic Attributes (7 examples of over 100):
Seven of the 100+ fully-operational and proven new capacities brought about by the TUVs and the WM System are as follows:

• A fully-operational Global Unitary World Currency equivalent:
  Achieved without countries having to change their own currencies or systems – because the TUVs are instantly interchangeable between all world currencies – so can be in any of the world’s currencies, but instantly convertible to any of the other world currencies, at the election of the owner.

• A fully-operational alternative to current systems of both Digital Currency and Cash – combined:
  The secure storage, transfer and/or payment facilities – all from any internet-enabled electronic device, Smart Phone or Pre-Smart Phone – and the capacity for cash to be converted to Digital TUVs, and for refunds of TUVs to bank accounts or via kiosks, give the TUVs the functionality and usability characteristics of both digital money and cash – simultaneously.

• A fully-operational, more Rapid & Secure and Lower Cost alternative to the Global SWIFT System:
  TUVs can be transferred or used for transfers or payments worldwide, in secure and instant transfers 24/7/365 over the WM System. This provides a fully-operational alternative to the SWIFT / IBAN and other systems that is more rapid (1/100^th of a second), more secure and exponentially lower-cost than the other systems.

• A fully-operational alternative to the Global FX Market:
  TUV currencies can be swapped across all currencies on the WM System 24/7/365 in a fully secure manner with permanent Full Reserve coverage – for fully secured global currency conversions at rates set by currency owners. Can be used for fully-secure and instant retail and wholesale FX conversions, as well as for RTGS and PvP transactions of any size.

• A Return to Gold-Standard Currencies equivalent:
  WM’s Secured TUVs are fully-backed not just by 100% Reserves of their face-value in currency, but also by their full face-value in Physical Gold. This returns currencies back to Gold-Standard status with the corresponding securing of value.

• A Permanent Hedge against Inflation and Currency Depreciation:
  The capacity for instant conversion of the TUV to alternative currencies in the Standard TUVs – as well as the securing of the Secured TUVs with Physical Gold on top of the capacity for conversion to other currencies – provide a permanent hedge against currency depreciation and inflation – and in the case of the Secured TUVs – also a hedge against Systemic failures.

• A Fully-Operational and Global eKYC and eAML System:
  With the most thorough and advanced application that sees in-situ attorneys and notaries carry out the KYC in all countries, and then re-certify KYC once provided, and with the WM System further managing transactions within rules and carrying out permanent KYC and AML monitoring of all transactions – 24/7/365.

The number of new Geostrategic Attributes is moreover dwarfed by the number of new General Systemic and Process Improvements to current systems and processes.

A small selection of these is as follows:

General Systemic and Process Improvements (5 examples of over 250)

• Instant Global Multicurrency Accounts for Companies/Merchants and Individuals/Consumers:
  Enabling instant expansion of business and lowering of costs for Merchants and Consumers worldwide in/for all currencies and countries.

• Instant Global Multicurrency Payment and Payment-Acceptance Systems for all Currencies and Countries:
  In all currencies and countries and without the requirement for any new payment terminals or processes, as Smart Phone or Pre-Smart Mobile Phones are used as payment and receipt terminals. Also lowers the costs for Merchants and Consumers worldwide while increasing speed and security.

• Instant Replacement of Expensive Intermediary entities for the majority of Transactions via the “Smart TUV”:
  The world’s first “Programmable Money” equivalent enables parties to transactions, to tailor the payment of funds according to deal / transaction structures / terms / dates / times / other attributes. Removes the requirement for intermediaries for the majority of transaction types including in Letter of Credit transactions, Global Trade transactions, etc. Exponentially lowers costs, increases speed and heightens security.

• Instant Integration of the 30% of the world’s Unbanked / Underbanked into the 21^st Century Digital Economy:
  The TUVs and the WM System have been structured to allow for the safe and KYCd + AMLd process of conversion of cash into digital TUVs, and the refunding of TUVs via Kiosks. Other than replicating and improving the instant usability and convenience of cash in many global cash market economies, this has also provided an instant solution for full inclusion of the 30% of the world’s Unbanked and Underbanked population into the Global Digital Economy.

• Instant Transaction Cost Lowering, Transaction Security Raising and Transaction & Settlement Speed Increasing:
  Use of the TUVs and the WM System results in instant and exponential lowering of transaction costs, raising of transaction security, increasing of transactions speeds to instant and increasing of settlement speeds to instant for consumers and merchants, in all currencies and countries, and for all amounts, for all transfers and payments.

A more extensive list of the innovations, new capacities and improvements to existing systems are listed in the Briefing Document provided to Frost & Sullivan by WM – a redacted copy of which is attached to this article.

Its contents are continuing to stimulate very significant interest and debate worldwide – especially because the WM TUVs, System and capacities are not theoretical future propositions. They are rather factual characteristics of tested, due diligenced, proven and fully-operational realities and measured benchmarks – confirmed in over eight years of global operational testing and refinement.

The Briefing Document was made public by WM as a disclosure requirement; because WM is listing a Special Purpose Vehicle holding WM shares on a Retail Stock Exchange in the United States in late 2022.

As the Valuation of the TUVs – the value of which will be added to WM and its shares and therefore to the Special Purpose Vehicle’s value – will have a material effect on the value of the Special Purpose Vehicle after it has been listed, it was a disclosure requirement for WM to make the Briefing Document public.

The Geostrategic nature of the WM System and TUVs and their capacities has already resulted in various international entities approaching WM for its input on CBDCs and related matters, and it is anticipated that potential acquisition-interest in the Company from Foundational or Strategic financial and economic entities internationally may ensue. However, WM has, at this time, not expressed interest in a Trade Sale.

Resources:

To contact WM: wm@thoburns.com

Research Papers on the WM System’s Converged Capacities by Professor Jan Kregel – former Chief Rapporteur, Commission of Experts of the President of the UN General Assembly on Reforms of the International Monetary and Financial System:

• Another Bretton Woods Reform Moment: Let us Look Seriously at the Clearing Union
  https://tinyurl.com/WM-System1

• Keynes’s Clearing Union is Alive and Well and Living in your Mobile Phone
  https://tinyurl.com/WM-System2

• Money and Credit: Potential Expansion of the WM System
  https://tinyurl.com/WM-System3

• New Dimensions for the TUV in the Webtel.mobi System
  https://tinyurl.com/WM-System4

• The Economic Problem: From Barter to Commodity Money to Electronic Money
  https://tinyurl.com/WM-System5

Attachments:

• Redacted – Updated Briefing to Frost & Sullivan – Valuation of WM’s TUVs
  
• Research Papers on WM’s TUVs and Global Clearing System

Details on WM’s TUVs:

Examples of TUVs: https://tinyurl.com/TUV-Examples

Standard TUVs: https://tinyurl.com/Standard-TUVs

Secured TUVs: https://tinyurl.com/Secured-TUVs

Smart TUVs: https://tinyurl.com/Smart-TUVs

Media Articles on WM:
https://webtel.mobi/info/current-media/

WM’s urls:

https://webtel.mobi/pc (Tablets / Laptops / Desktops)

https://webtel.mobi (Smart Phones)

https://webtel.mobi/wap (Pre-Smart Mobile Phones)

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/22c7f0ef-6021-4cdc-9877-20fcc8fd4b17

The photo is also available at Newscom, www.newscom.com, and via AP PhotoExpress.

New Product Launch Leans Heavily on Customer Retention, Monetization and Streamlining Revenue Operations

San Francisco, Calif., July 28, 2022 (GLOBE NEWSWIRE) — Chargebee, the leading subscription management platform, today announced its Summer 2022 Product Release. The slate of new products and features is focused on enabling high-performing subscription businesses to monetize their existing customers and fend off the growing threats of a tumultuous economy. These new products help businesses build their cash reserves and maintain their customer base at a time when many businesses – and their customers – are struggling with the realities of inflation and drying up of venture capital, the lingering effects of COVID-19 and a decimated global supply chain.

The centerpiece of Chargebee’s Summer 2022 Product Release is Chargebee Retention, formerly Brightback, which along with Chargebee Receivables (numberz), and RevRec (RevLock), all acquired by Chargebee over the last 18 months, represent Chargebee’s initial foray into becoming a true multi-product company.

Chargebee Retention allows businesses to focus on keeping the customers they already have at a time when both businesses and consumers are being forced to evaluate everything in their portfolios and make difficult decisions. Chargebee Retention enables businesses to customize cancellation experiences with offers geared towards continuing the customer relationship and allows businesses to test out personalized retention-magnet strategies to minimize voluntary churn and strengthen customer lifetime value with an ROI of as much as 800%.

“For subscription businesses, acquiring new customers is at least 2.5 times more expensive than upselling or expanding an existing customer. This factor can be even higher with intelligent automation that decreases customer churn while increasing the chances of expansion,” said Mark Thomason, IDC Research Director responsible for Digital Business Models and Monetization practice. “While these retention capabilities are critical during these tumultuous times, keeping happy customers is always in vogue.”

Chargebee Receivables helps businesses improve their cash flow management processes by automating accounts receivable workflows. Subscription businesses will now be able to efficiently automate their entire accounts receivables workflow and process from purchase to payment. In addition, Chargebee Receivables also lets businesses proactively engage with customers on predicted payment failure to minimize involuntary churn and increase customer retention.

“Customer retention has become an even bigger focus for us over the past year or so,” said Bob Viscount, Vice President at Silhouette U. “The economy has changed a lot, and we’ve been looking for a solution that helps mitigate some of the cancellations we’ve been seeing.  Customers have chosen to cancel due to cost and having an option to deflect some of these cancellations with a tailored offer in the moment has been a huge boost to our business. Chargebee Retention has proven to be a value-add to our business and has allowed us to provide customers with a comprehensive review of what they’d be giving up while also leveraging offers when needed. The results in a very short amount of time have convinced me that this needs to be a critical component to our business moving forward.”

The volatility of today’s market landscape has forced businesses to become adaptable and nimble in ways they hadn’t previously expected, tinkering with package and feature offerings and providing new and different services to customers at different price points.  The new Chargebee Entitlements offers businesses more control over this new path and enables them to upsell to existing customers by showing them value. Chargebee Entitlements enables businesses to “value-test” and experiment with different packaging and pricing options, better control feature launches with roll-outs to small subsets of customers, and go to market faster. Chargebee Entitlements helps go-to-market teams provide feature access to customers beyond their plan on the flip of a switch, which can be used to incentivize plan upgrades and free-to-paid conversions.

“We’ve spent months engaging with our customers, learning the ins and outs of their businesses and working with them to determine what types of tools they want and need to face their current challenges head-on,” said John Pearce, Vice President of Product Management at Chargebee. “In those conversations, the focus almost always homed in on retaining customers, building long-lasting customer relationships and understanding how Chargebee can help businesses monetize their existing customer base. Chargebee Retention, Chargebee Receivables and Chargebee Entitlements are a direct result of our findings and our desire to give our customers exactly what they need to build and scale their businesses, even in these trying times.”

The complete list of features in Chargebee’s Summer 2022 Product Release, which also includes in-app purchase management, multi-entity management, integration with PandaDoc to manage quote-based subscription workflows, a RevRec integration that helps businesses recognize revenue in local currency and avoid challenges that hinder growth, and RevRec’s ASC 606 expense recognition, can be found here: https://www.chargebee.com/summer-release-2022/

About Chargebee

Chargebee is the subscription management platform that automates revenue operations of over 4,500 subscription-based businesses from startups to enterprises. The SaaS platform helps subscription businesses across verticals, including SaaS, eCommerce, e-learning, IoT, Publications, and more, manage and grow revenue by automating subscription billing, invoicing, payments, and revenue recognition operations, provides key metrics, reports, and business insights and now offers Chargebee Retention and Chargebee Receivables. Founded in 2011, Chargebee counts businesses, like Okta, Freshworks, Calendly, and Study.com amongst its global customer base. Learn more about Chargebee at www.chargebee.com.

Jake Katz
Chargebee
jake.katz@chargebee.com