M-DAQ is the leader in over-the-top (OTT) cross-border solutions with a vision to create a World Without Currency Borders. We aspire to break down both physical and psychological barriers in cross-border transactions. We empower e-Commerce platforms, securities exchanges, financial intermediaries, payment gateways and digital wallets through our full suite of cross-border solutions.
Aladdin gives e-Commerce platforms the ability to offer multi-currency payment options to customers while allowing merchants to receive only their desired currency through the provision of a guaranteed rate FX conversion service. This service has contributed significant cost savings to customers and has also generated an additional revenue stream to e-Commerce platforms. It can significantly decrease shopping cart abandonment by allowing the merchants to price their goods in customers' local currencies using FX rates that are fully transparent, fair and competitive. Aladdin powers one of the largest e-Commerce platforms, currently handling USD 400 million in volume on a monthly basis. Aladdin is projected to achieve USD 5 billion in volume and USD 35 million in gross revenue this year.