The Crowd Payment Revolution
Transcript of The Crowd Payment Revolution
theCROWD PAYMENT REVOLUTION
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CROWDSOURCINGO v e r v i e w
Freelance Marketplace
A
USERExperienced Developer
from Bangladesh
Freelance Marketplace
B
Wire Transfers Global Payout Platform
COMMON CROWD PAYMENT METHODSCOMMON PAYMENT METHODS
eWallets
Bank Wire Transfers
InternationalPrepaid Card
Crypto Currencies
BANK WIRE TRANSFERS
Receiver’sBank
Source: Glenbook
Payment System Payment System
Sender’sBank
BangladeshNew York
SENDERCorrespondent
Bank ACorrespondent
Bank B
Local Clearing
Bank
Local Clearing
Bank
Nat
iona
l Bor
der
BANK WIRE TRANSFERS
Correspondent Fee
Bank Transfer Beneficiary Deduction
FX Spread Total Cost0.0%
4.0%
8.0%
12.0%
16.0%
1.3%
12.4%
4.8%
3.3%
0.0291666666666667
EWALLETS
Loadin
g Fee
Corresp
onde
nt Fe
e
Transf
er Fe
e
Bene
ficiary
Deduct
ion
FX Sp
read
Total
Cost0.0%
4.0%
8.0%
12.0%
1.0%
8.4%
0.8%0.0064545454545
4545
0.02
0.0399
INTERNATIONAL PREPAID CARD
Activation Fee Monthly Fee Loading Fee Withdrawal from ATM
FX Spread Total Cost0.0%
4.0%
8.0%
12.0%
2.0%
9.9%
0.4%
0.01875
0.0210893939393939
0.03495
CRYPTO CURRENCIES
GLOBAL TRENDSTe c h n o l o g i e s & M a r ke t s
Source: Elance
RISE OF EMERGING MARKETS
Top 15 Freelancer Countries
2014 GLOBAL PAYOUT VOLUMESC ro s s -B o r d e r Pa y o u t s b y Re g i o n
Source: Transpay 2014
THE CHALLENGE
TECHNOLOGY CONNECTIVITY
STRONGEREXPECTATIONS
EMERGING PAYMENT SOLUTIONS
Global Payment Gateway
GLOBAL PAYMENT GATEWAY
BangladeshNew York
SENDERProprietary
System
Direct-to-Bank + Ease-of-Use
Speed Convenient
PAYING SMART – WHAT TO LOOK FOR
Licensed & Regulated No Landing Fees
Self-Owned Direct-to-Bank Network No Beneficiary Deduction
Provide Live FX Capabilities Global Reach
API Integrations Using Single-Point Connections KYC/KYP
FTP/Batch File Uploads Strict Compliance Policies
PAYING SMART – WHAT TO ASK
1. What compliance programs are used?
2. What are the most convenient payment options for receivers?
3. Is the payment platform licensed & regulated in my sender’s local jurisdiction?
4. How long will it take before payments are received?
5. What support is provided?
THANK YOU!
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