This Area Will Not Be Seen Workers Remittances Workers Remittances.

This Area Will Not Be Seen

Workers’ RemittancesWorkers’

Remittances

This Area Will Not Be SeenAny tolerances to consider?

Workers’Remittancestransactions

revenue

Bank share20 to 30%

15 billion USD

1 to 1.5 billion


Correspondentbanking

Not tailored to provide consumer

prices and time transparency

Franchisee of money transfer

operator

Costly to scale,

deploy and maintain in many countries

Bilateral

agreements over proprietary networks

Bound to operator’s offering and conditions

Challenges

Workers’Remittances

WORKERS’ REMITTANCES



Contract template

for service conditions

Rulebookwith market practice

Directorywith participant reference data

XML standardsfor instructions,

status and return

FileAct messaging service

B u s i n e s s T e c h n i c a lf r a m e w o r k

MOBILE-ENABLED !


Payment instruction

I paid $100. You can pick it up at XYZ bank. Give 123 as reference.

1

2

3

4

ISO 20022 payment instructionvia Workers’ remittance solution, re- using existing clearing mechanism

Pay -out

Account

Mobile phone numbers as accountidentifier or beneficiary identity

verification to authorize cash pay-out



Standardised definitions

Complemented with Alliance IntegratorCentralised information

database

Technical framework similar to SEPA

Fast time to market and stronger reach

Expanded commercial opportunities

Reduced total cost of ownership

Faster return on investment

47banks




Contact partner banks

Implement application

Integrate infront-office

Test and roll-out

Getting started

est H elp F acilitate T rainC ertify I ntegrate T



Easy to scale

Compelling

customer

neutralEasy tointegrate

experience

Your global platform for person-to-person payments

Commercially


For more informationvisit us on the stand



This Area Will Not Be Seen Workers Remittances Workers Remittances.

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