BlueOne Technologies Inc (OTC: BCRD) is a financial technology company that provides payment processing infrastructure and stablecoin-based remittance services to banks, financial institutions, and consumers. Revenue is intended to come from fees on foreign exchange conversion and remittances through its BlueOne Pay platform, plus B2B licensing and implementation fees for its ISO 20022-compliant Payment Hub platform, acquired via the Millennium EBS transaction. The company targets banks, processors, and fintechs with its Payment Hub infrastructure, and targets underbanked consumers, immigrants, freelancers, and digital nomads with its USDT-to-USD conversion and remittance product. As of the 10-K filed August 27, 2025, BlueOne had two full-time employees, had not yet generated material operating revenue, and its auditors noted going-concern doubts. The company holds a strategic partnership with Abeam Consulting and is in discussions with a Fortune 500 firm that serves over 600 financial institutions in more than 140 countries.

Revenue model

Fee-based: FX conversion fees and remittance fees on USDT-to-USD transactions through BlueOne Pay; B2B licensing, implementation, and service fees for ISO 20022 Payment Hub solutions sold to banks, processors, and fintechs via Millennium EBS. No material revenue reported as of fiscal year ended March 31, 2025.

Products and services

BlueOne Pay: a platform enabling USDT (Tether stablecoin) to USD conversion with delivery via bank transfer, prepaid card, or cash pickup. Millennium EBS Payment Hub: an ISO 20022-compliant infrastructure platform for banks, financial institutions, processors, and fintechs to manage and process payment flows. BlueOne Card prepaid card product.

Customers and end markets

B2B: banks, financial institutions, payment processors, and fintechs seeking ISO 20022 compliance and payment modernization. B2C: underbanked consumers, immigrants, freelancers, and digital nomads seeking low-cost cross-border remittance via stablecoin.

Value-chain role

Technology platform provider and payment infrastructure operator sitting between financial institutions and end users; provides processing, compliance, and conversion infrastructure rather than acting as a bank or card network directly.

Geographic exposure

U.S.-headquartered with stated intent to serve global remittance corridors. Partnership discussions involve a firm operating in more than 140 countries. Specific revenue-generating geographies not disclosed in the filing excerpts.

Source: SEC 10-K, filed 2025-08-27

Industry: Services-Business Services, NEC Peers: Paysign Inc ALJ REGIONAL HOLDINGS INC BM Technologies, Inc. Steel Connect, Inc. Innodata Inc Rego Payment Architectures Inc Startek, Inc. Visa Inc