TOKYO, Jun 19 (Pulse News Wire) – Unbanked Inc. (8746.T) announced today that its board of directors has decided to review its gold trading service “UNBGOLD,” which was launched on May 07, 2025.
The decision comes after the service failed to meet initial sales targets due to limited adoption by customers who preferred traditional methods of trading. The company highlighted that while UNBGOLD offered advanced security features through Progmat SaaS, the system's high running costs and per-order fees made it less attractive to face-to-face and telephone-based clients. As a result, monthly transaction volumes fell far below expectations—only reaching around 10% of the projected 20 transactions and 2 kg of sales. In light of these challenges, Unbanked Inc. plans to discontinue the use of Progmat SaaS for managing customer data and switch back to its own internal systems. This move aims to simplify operations and reduce expenses associated with the external software. Customers will continue to receive detailed statements upon each trade completion, ensuring transparency and minimizing risks related to data tampering.
Despite these changes, Unbanked Inc. expects the impact on overall performance to be minor. The company had previously conservatively estimated UNBGOLD’s contribution to revenue based on the sales volume of its primary product, the 1 kg bar, which was set at approximately 10%. With cost savings anticipated from discontinuing Progmat SaaS, management believes the adjustments will have a negligible effect on future earnings. Unbanked Inc. remains committed to providing secure and efficient gold trading services and will continue to monitor the situation closely. Any significant developments impacting financial results will be disclosed promptly.
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