Pundi X (New) (PUNDIX) is a blockchain-based platform that seeks to facilitate everyday cryptocurrency transactions. Launched in 2017, Pundi X (New) strives to transform retail businesses by providing a blockchain-based point of sale solution. This solution enables retail merchants and consumers to conduct instantaneous in-store transactions on its blockchain. The platform has developed services such as XPOS, XWallet, and XPASS, and a blockchain phone, BOB. The Pundi X project's primary goal is to facilitate the use of cryptocurrency, simplifying the process of conducting digital asset transactions in physical stores.

Pundi X (New) operates through a blockchain payment ecosystem that includes XPOS, XPASS, and the virtual XWallet. The XPOS is a blockchain-powered wireless point-of-sale (POS) for cryptocurrencies, enabling retail merchants and consumers to conduct transactions using digital assets in physical stores. The XWallet mobile app acts as a bridge between regular digital asset wallets and the Pundi X payment ecosystem. Users can manage their digital assets, make transfers, check balances, and top-up supported cryptos in the XWallet. The virtual XPASS card is issued to every registered XWallet user. In June 2019, Pundi X launched the Open Platform to support more blockchains, increasing its use.

Pundi X (New) seeks to facilitate the use of cryptocurrency in everyday transactions, making it a part of daily transactions. It allows users to conduct cryptocurrency transactions through a Point-of-Sale (POS) device, purchase items using cryptocurrency through the Pundi X POS device, and pay peer-to-peer using mobile. The platform also enables users to purchase utilities and services, such as electricity, using cryptocurrency. Moreover, Pundi X (New) provides a platform for developers to publish applications targeting retailers, such as cryptocurrency transactions, wallets, financial or insurance services, membership or loyalty programs, delivery management, and more.

Pundi X (New) was founded in 2017 by Zac Cheah and Pitt Huang. The pair met in an HTML5 Interest Group in 2012, and the idea that led to the creation of the startup was to make cryptocurrencies a part of everyone's daily lives. Zac Cheah, a skilled programmer with a background in computing and cybersecurity, currently serves as the CEO of Pundi X. Pitt Huang, who began coding at the age of 10 and has a history of entrepreneurship, serves as the chief technical officer and chief operating officer. The project launched its ICO in January 2018 and has since launched retail-focused services including XPOS, XWallet, and XPASS.

Pundi X strives to facilitate cryptocurrency payments for everyday transactions through its hardware and software solutions. The primary tool in its suite is the XPOS device, a point-of-sale (POS) terminal that is designed to accept cryptocurrency payments. This device processes digital currency transactions in real-time, making it comparable to traditional payment systems. The XPOS device is designed to transact with a variety of coins or tokens, including but not limited to BTC, ETH, BNB, XEM, DAI, FX, PUNDIX, USDT. Pundi X has developed other tools such as the XPASS card and the XWallet mobile application. These tools work with the XPOS device to facilitate cryptocurrency transactions. The XPASS card stores cryptocurrency amounts and can be used on any XPOS device, while the XWallet app provides a platform for users to manage their crypto assets. These solutions are intended to facilitate the use of cryptocurrencies in the retail sector, aiming to make digital assets more accessible for everyday transactions.

One of Pundi X key initiatives involves a collaboration with HARA, an Indonesian company with a focus on applying data to global agriculture. Together, they introduce blockchain-based point of sales (POS) devices to farmers, enabling them to collect and exchange non-monetary rewards. These devices, known as XPOS, are used to gather agricultural data. This approach aims to facilitate financial inclusion among farmers who can use the blockchain-based POS independently of financial institutions. It also strives to use agricultural resources more efficiently, reducing wastage and directly impacting farmers' livelihoods. Pundi X's initiatives are particularly focused in regions where a large percentage of the population lacks access to traditional banking services, such as Indonesia.

Businesses can integrate Pundi X for cryptocurrency transactions through the use of Pundi X's blockchain-based point-of-sale (POS) solution, XPOS. This technology is designed to allow businesses to accept and manage cryptocurrency payments alongside traditional transactions. The XPOS device is designed to process transactions with various cryptocurrencies such as Bitcoin, Ethereum, and Pundi X's native token, NPXS. Pundi X provides the XPASS card and the XWallet mobile application, which are designed to support the transaction process for both businesses and customers. The XPASS card is designed to support the transaction of supported cryptocurrencies, while the XWallet app is designed to allow users to manage their crypto assets. Pundi X provides integration support for Verifone X990, allowing retailers to accept cryptocurrency payments. This integration is designed for shops and retail outlets using the Verifone X990 with the XPOS module activated to process cryptocurrency payments alongside traditional transactions.

Pundi X has developed a multi-chain point-of-sale system, XPOS, which allows merchants to accept cryptocurrency payments seamlessly, thereby facilitating the adoption of digital assets in daily transactions. The project also introduced Function X, a decentralized internet ecosystem that expands the utility of cryptocurrencies beyond financial applications. Pundi X engages with the DeFi trend by integrating various DeFi protocols into its ecosystem, further supporting the concept of decentralized finance. The Pundi X Chain and the PURSE token were launched to contribute to the ecosystem and encourage PUNDIX long-term holders to engage with the network. This step strives to contribute to a self-sustaining crypto economy that thrives on real-world usage. Pundi X's engagement with the DeFi space seeks to support a financial landscape that prioritizes inclusivity, transparency, and autonomy.

Pundi X (New) strives to offer a range of non-monetary incentives and potential benefits to its ecosystem participants. One potential benefit is the facilitation of digital currency transactions in physical retail businesses through its blockchain-based point-of-sale (POS) solution, XPOS. This seeks to contribute to the future of commerce and the broader decentralized infrastructure movement. Pundi X also aims to offer a borderless payment ecosystem beyond fiat, addressing issues of financial inclusion, foreign exchange, and fiat currency instability. The Pundi X ecosystem includes a system where qualified retailers and customers may receive PURSE tokens as non-monetary incentives for facilitating transactions via the XPOS. These tokens may be redeemed on future purchases, fostering a model where both parties experience non-monetary benefits through continued engagement. Pundi X is also working towards supporting marketing and loyalty programs, aiming to offer a range of services for retailers.

Pundi X has formed several strategic partnerships that aim to demonstrate its involvement in the cryptocurrency industry. One of these collaborations strives to enable Pundi X's XPOS devices to accept payments in cryptocurrencies more easily, with the intention of expanding their reach to merchants in numerous countries. Another collaboration seeks to integrate Pundi X's XPOS platform with a well-known network in the blockchain space, with the intention of facilitating transactions for users. Pundi X is also registered with a financial regulatory authority in Canada, which allows it to operate in the country. These partnerships aim to underscore Pundi X's commitment to fostering a wider use of cryptocurrency in retail transactions.

Developers can utilize Pundi X's solutions to create applications that aim to offer improvements within the cryptocurrency space. Pundi X is utilizing the Polygon Chain Development Kit (CDK) to develop the Pundi X Chain, a specific blockchain designed for on-chain payments. This Layer 2 solution is anchored on Function X’s Layer 1, the f(x)Core, or the Hub, providing versatility, speed, and scalability. The zkEVM component of Polygon CDK allows Pundi X to provide benefits such as lower transaction fees, faster transaction throughput, improved reliability, and mirrored transactions on XPOS. This makes it cost-effective for users to deploy and use dApps on Pundi X Chain. Pundi X has collaborated with a global payment processing company to enable crypto transactions around the world, making it possible for merchants using the company's portable POS solution to accept various cryptocurrencies as payment options. This integration aims to provide a reliable and seamless transaction experience, powered by blockchain technology.