The Crowd Payment Revolution

17
the CROWD PAYMENT REVOLUTION Learn more at transpay.global #transpayatCSW15

Transcript of The Crowd Payment Revolution

Page 1: The Crowd Payment Revolution

theCROWD PAYMENT REVOLUTION

Learn more at transpay.global #transpayatCSW15

Page 2: The Crowd Payment Revolution

CROWDSOURCINGO v e r v i e w

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Freelance Marketplace

A

USERExperienced Developer

from Bangladesh

Freelance Marketplace

B

Wire Transfers Global Payout Platform

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COMMON CROWD PAYMENT METHODSCOMMON PAYMENT METHODS

eWallets

Bank Wire Transfers

InternationalPrepaid Card

Crypto Currencies

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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

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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

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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

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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

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CRYPTO CURRENCIES

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GLOBAL TRENDSTe c h n o l o g i e s & M a r ke t s

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Source: Elance

RISE OF EMERGING MARKETS

Top 15 Freelancer Countries

conference2
conference2
put source for all graphs and charts
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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

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THE CHALLENGE

TECHNOLOGY CONNECTIVITY

STRONGEREXPECTATIONS

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EMERGING PAYMENT SOLUTIONS

Global Payment Gateway

GLOBAL PAYMENT GATEWAY

BangladeshNew York

SENDERProprietary

System

Direct-to-Bank + Ease-of-Use

Speed Convenient

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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

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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?

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THANK YOU!

Learn more at transpay.global