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135BeaverStreet,Suite402Waltham,MA02152USA|www.frictionlessft.com|(617)383-9407|e:[email protected]

WhoWeAre:

FFTisaBoston-based,frictionlessglobalpaymentsenablementandsoftwarecompany.Weprovidefinancialproductsthatimprovepeople’slivesbydeliveringtheirmostimportantandcomplex payments in an efficient manner. This is accomplished via a next-gen paymentsplatform,combinedwithourproprietarysoftwareandglobalpaymentsnetworkpartners.

FintechEnablementServices:Togetherwithour integratedpartnerswehavedevelopedasuiteoffintech enablement services allowing our customers to launch thefollowingfintechservicesundertheirownbrand:

• MobilewalletserviceslikePayPal,Chime,andSimple• DebitcardserviceslikeGreenDot• CrossborderpaymentserviceslikeWesternUnion• BankingtypeserviceslikeChaseorother digitalenabledbanks.• Merchant processing service like Square but usingproprietary pending payments technology whicheliminatesmerchantprocessingcostsandfraud.

• Microloan/equipmentfinancing• Globalpayrollprocessing

DevelopedfirstfortheU.S.DepartmentofDefenseasawayto securely move money in conflict zones, this fintechplatformmeetsthehighestlevelsofsecurityandhasbeenimplementedandusedbytopenterprisecompaniesaroundtheworld.Sinceitsdebutover22yearsago,thissystemhasactivatedwellover2Mcustomersandcurrentlyprocessesover2milliontransactionsperday.Thesystemsupportsover100fiatcurrenciesand15languages.The system can originate debit cards in US, Mexico, Canada, and all of Europe includingEngland.ThesoftwareandrelatedinfrastructureallowFrictionlessFinancialTechnologies’clientstolaunch all of our fintech enablement services in 6-12 weeks. Clients can implement ourturnkeyUIsorintegratewithover300JSON/SOAPAPIsandcreatetheirownsystem.FFTandourpartnershave theability toprovidecustomerservice toendconsumers,businessconsultingservices,fraudmanagementservices,andmarketing/brandingservices.

Customized for ipsipay.com


OurFrictionlessEcosystem:

Hundredsofpaymenttechnologieshaveenteredthemarketplaceinthelast15yearsandyetnone of them can effectively communicate with each other. Our Frictionless Ecosystemsecurelybridgesthegapbetweenmultiplepaymenttechnologiesandfinancialinstitutions,enabling extremely secure, cost effective, and real-time money movement betweenconsumersandbusinessesaroundtheworld.ThisFrictionlessEcosystemisbeingdesignedtocreateinteroperabilitybetweenanyandallmobilepaymenttechnologiesandfinancialinstitutionswiththesolepurposetomovemoneyeasily,costefficiently,andinreal-timetoanyone,anywhereintheworld.TheFrictionlessEcosystemrepresentstheglobalsolutionofinteroperabilitybetweenbanks,financialinstitutions,paymenttechnologies,socialnetworkinggroups,andwirelesscarriers.


Consumerswanttheabilitytotransfermoneytoanyone,anywhere,regardlessofthepaymenttechnologytheyuseorfinancialinstitutiontheybelongto.OurFrictionlessEcosystemisbeingdesignedandenhancedtosatisfythismarketsegment.This ecosystem gives FrictionlessFinancial Technologies’ customers theability to send funds more costeffectivelyandinreal timetomultiplepayment technologies and financialinstitutions around the world, bothbankedandunbankedcustomers.Consumers can move money to lovedonesaroundtheworldforafractionofthe cost of traditional cross bordertransfers. All transactions arecompletedinrealtimeandwithnobaddebt.Customerscansendmoneytothetechnologyof theirchoicegiving themmore options to move money wheretheywantto.CurrentMembersoftheEcosystem:

SiguehasexpandedfromasimpleU.S.toMexicomoneytransferservicetoaglobalproviderofpaymentsolutions.Today,Sigueoffersanarrayofproductsandservicesincludingpersonalmoneytransfer,mobilemoneytransfer, small andmediumenterprise foreignexchange services, andbusinesstobusinesspaymentsandsettlement.Sigueservescustomersinover220+countrieson6continents,withanetworkof300,000plus

paylocationsandofficesstrategicallylocatedaroundtheworldallowinguserstosendfundsdirectlytoabankaccount,cashpickuplocation,andhomedeliveryinselectcountries.

TerraPay,providescrossborderrealtimepaymentsasaservice,andbuilds regional and domestic real time payments infrastructureconnectingmobilegamebankaccounts.ThroughourpartnershipwithSigue,wewereabletoaggregatetheTerraPaynetworkintoourcross-border program providing our users access to send funds to over

500MMGlobalMobilewalletandaccesstoSEPAcreditin34countriesandinstantcreditin


14 countries. Transfer to all bank accounts in Bangladesh, Brazil, Ethiopia, Ghana, India,Indonesia, Kenya, Malaysia, Nepal, Nigeria, Pakistan, Philippines, Russia, Rwanda, SouthKorea,SriLanka,Tanzania,Thailand,Turkey,Uganda,UK(GBP)andVietnam.

bKash is amobile financial service inBangladesh operating under theauthorityofBangladeshBankasasubsidiaryofBRACBankLimited.Thismobile money system started as a joint venture between BRAC BankLimited,BangladeshandMoneyinMotionLLC,UnitedStatesofAmerica.bKash23MMusers candepositmoney into theirmobile accounts andthenaccessarangeofservices, inparticulartransferringandreceivingmoneydomestically,makingpaymentsandcanrechargeprepaidmobiles

easilyincludingtheabilitytopaymobilepostpaidbills.

Dutch-BanglaBankpioneeredMobileBankinginBangladesh.Itwasthefirst bank to offer banking facilities through a wide range of mobilephones.RocketisaBankingprocesswithoutbankbranchwhichprovidesfinancialservicesto1MMusersinunbankedcommunitiesefficientlyandat affordable cost. To provide banking and financial services, such as

cash-in, cash out, merchant payment, utility payment, salary disbursement, foreignremittance, government allowancedisbursement,ATMmoneywithdrawal throughmobiletechnologydevices,i.e.MobilePhone,iscalledRocket.

Airtel Money, the mobile wallet from the successful and popular telecomcompanyAirtel,operatesin18countriesacrossSouthAsiaandAfrica.ItisthesecondlargestmobilenetworkoperatorinIndiaandthefourthlargestmobilenetwork operator in the world with over 439.84million subscribers. AirtelPaymentsBank,India'sfirstpaymentsbankthatlaunchedinJanuary2017,nowboastsofover40million+customersandover500Kbankingpointsacrossthe

country.SendmoneytoDRC,Kenya,Malawi,Tanzania,andZambia.

OrangeMoneyisanelectronicwallet inAfricawhichisasimpleanddigitalalternativetoconductandmanageallyourfinancialservicesandtransactionsinyourlife.MakemoretimeforyourselfandyourlovedonesbyusingOrangeMoney services, and pay Post Paid bills, refill prepaid accounts, accesseFAWATEERcomservices,senddomestictransfers,cash-outthroughOrangeshops,authorizedPointsofSale,PartnersandATM’s,withtheabilitytoshop

online and use your companion card while traveling around the world, and many otherservices.OrangeisavailableinDRC,Cameroon,Mali,IvoryCoast,andSenegaltoover500,000users.


MPESA is a mobile phone-based money transfer service,payments and micro-financing service, launched in 2007 byVodafoneGroupplcandSafaricom, the largestmobilenetworkoperator in Kenyawith 40MM+ users. M-Pesa allows users todeposit,withdraw, transfermoney,pay forgoodsandservices,accesscreditandsavings,allwithamobiledevice.CombinedwithVodacom expanding services in South Africa, Tanzania,Mozambique,DRC,Lesotho,Ghana,Egypt,andAfghanistan.

Paga is amobile payment company building an ecosystem to enablepeopletodigitallysendandreceivemoneyandcreatingsimplefinancialaccess for everyone.With Justunder17MMusers and27,000agentsPagaisthemosttrustedmobilewalletinNigeria.

MTNGroupisaSouthAfricanmultinationalmobiletelecommunicationscompany,operatinginmanyAfrican,EuropeanandAsiancountries.With250MMsubscribersMTNistheeighthlargestmobilenetworkoperatorinthe world, and the largest in Africa. Send money to Benin, Cameroon,GuineaBissau,GuineaConakry,Liberia,Uganda,Rwanda,Ghanatoover100MMMobileMoneyusers.EcoCash, is a mobile phone-based money transfer, financing andmicrofinancing service, launched in 2011 by EconetWireless, for itscustomersinZimbabwe.MobileMoneycanbesenttoEcoCashmobilewallet is available to the twomillion feature phone and smartphone

connections inBurundi. With only 7 percent of the adult population ofBurundipopulationbanked,therearenowmoremobilemoneyaccountsthanbankaccountsinBurundi.

GCash is a BSP-regulated mobile money service that lets you buy load,purchaseitems,sendandreceivemoney,paybills,andmoreusingGlobe,TM,oranyothernetwork. It's likehavingyourwallet insideyourphonegivingyouhassle-freeandsaferwaystogocashless.GCashnowhasover26MMusersinthePhilippines.PayMayaPhilippines, Inc.(formerlySmarteMoney, Inc.) is thepioneer inmobilemoneyandpayments,havingestablishedbrandssuchasPayMaya,the first prepaid online payment app that enables the financiallyunderserved to pay onlinewithout a credit card; PayMaya Business, thecompany’s system solutions provider that allows businesses to receiveonline and cardpayments anytime, anywhere; SmartMoney, theworld’s

firste-walletlinkedtoamobilephone;andSmartPadala,theleadingremittancenetworkinthe Philippines with over 15,000 agents across the country. PayMaya Philippines is asubsidiaryofVoyagerInnovations,thedigitalinnovationscompanyofPLDTandSmart.With8MMuserstheyhaveagoalofreaching40MMby2023.


Axepay specializes in offering Cross-border Payment Rails forOnboarding in 42 Countries including China. In addition, ourPayment Rails provide access to payouts and receiving fundsfrom over 180 Countries. Through strategic partners Axepay

providesCompliance,EKYCandAMLInternationally includingwithChina, forsendingandreceivingfundsthroughBankWiresandChinaUnionPaymembersbankcards.

UnionPayisthelargestcardpaymentorganization(debitandcreditcardscombined)intheworldofferingmobileandonlinepaymentsbasedontotalvalueofpaymenttransactionsexpandingtheirglobalacceptance to 178 countries and regions covering over 7 billioncardholders. UnionPay is also working on technologies andinnovationtobetter"godigital".TheUnionPaymobileapplication,

UnionPay app, now has over 200 million users. It is increasingly accepted by overseasmerchants. Consumers can just pay viaUnionPaymobile payment inmore than3millionmerchantsoutsidemainlandChina,accordingtoUPI.

PayQuicker, an innovative fintech company, launched itsrevolutionary payout platform in 2007, allowing

businessesofanysizetooffersecureandcompliantinstantglobalpayoutsinlocalcurrencyvia secured bank accountswith prepaid debit cards, virtual cards, andmobilewallets allthrough a single point of integration. The instant payout platform delivers payment to apayee-owned insured bank account linked to a debit card, similar to a standard checkingaccount.Assoonasthepaymentismade,thefundsareavailableintheinsuredaccountandavailabletospendinstantlyonlinethroughavirtualcard,atretailwithaplasticprepaiddebitcard,orbyloadingthecardtoamobilewalletlikeApplePay,GooglePayorSamsungPay.

As the world's #1 international mobile top-up platform, Dingsuccessfully delivered over 400 million mobile top-ups for ourusers,viaourapp,throughourwebtop-upportal,andin-storeatover600,000retailoutletsworldwide.Reach4Billionphones,in140+countriesaccessingover500+Operators.

More than 60,000 individuals and businesses around theworld rely on Western Unions Business Solution globalfinancial network and online payment platforms. With

Western Union Business services, we have the ability to enable clients with WUBSBusiness supplier and vendor payments solutions. Clients can be approved with over190+countriesthroughanapprovalapplicationforcountrieswheretheymakebusinessorvendorpayments.


FrictionlessFinancialTechnologieshaspartnershipswith:

MastercardSendenablesnearreal-timetransfersoffundstovirtuallyallconsumerandsmallbusinessdebitcardsintheU.S.,regardlessofbrand,whileenablingnewrevenuestreams.

VisaDirectisapaymentsolutionthatcanhelpbusinessesmovemoneytobillionsofendpointsworldwideviacardandaccountrails.Withfastorreal-timepaymentcapabilitiesyoucanhelpmovemoneywhenit’sneededmost.Thatmeansmerchantscanaccesscashflowdaily,consumerscanreceive

payoutstobankaccountsviathecardstheyknowandtrust,andfamiliescanreceivemoneyfromlovedonesontheothersideoftheworld.Thebusinesseshelpingmaketheseproductsandservicespossiblecanbuildastrongerrelationshipwiththeircustomer.


CryptoCurrencyandCommodityBuy/SellTechnology:Ouruniqueportfolioexchangetechnologyallowsourclient’scustomerstobuyandsellthemostpopularcryptocurrenciesaswellasactualgoldandsilver.Thisallowscustomersaroundtheworldtoparktheirmoneyinanassetthatdoesnotexperienceinflationorhyperinflationasdomanycurrenciesaroundtheworld.Thistechnologyallowsmerchantsaroundtheworldtoinstantlyacceptcryptocurrencyandevengoldandsilverasapaymentmethodfortheircustomers.

• CryptocurrencyBuy/Sell• GoldBuy/Sell• Allselltransactionsareprocessedin

realtimethroughaliquidityexchangethatFFThasintegratedinto

• Fundscanbemovedtothecustomer’smobilewalletordebitcardsofundscanbeusedimmediately

• Easyinterfaceforcustomerstouse


USBillPayTechnology:ThisFFTtechnologyallowsourclient’scustomerstopaybillsusingfundsontheirmobilewallet.

• Customerswillhavetheabilitytomakebillpaymentswithover65,000USBillers

• Q32021toincludebillpayinMexicoLATAM• Paymentsaremadefromtheirmobilewalletbalance

ordebitcardbalancePersonalFinancialManagement:FFTandourpartnershavedevelopedandintegratedwithindustrygiantslikeExperian,Equifax,andotherstoprovideourclient’scustomerswithasuiteofpersonalfinancialmanagementservicestohelpconsumerstrackandbuildtheircredit.

• ConsolidatedFinancialDashboard• Budgeting• “PiggyBanks”/SavingsGoals• Reminders,Tips,“Attaboys”• CreditScoreTracking• CreditScoreImprovement


RemoteCheckCashing:FrictionlessFinancialTechnologiesisintegratingwithtechnologiesthatallowourclient’scustomerstheabilitytotakeapictureofacheckandhavethosefundsdepositdirectlyintotheirmobilewalletaccount.

• LowerCostvsCheckCashingLocations• Convenient• SmartphoneCameraEnabled• Fully-Mobile• Fundsloadedtocustomer’smobile

walletaccount• InstantFundsAvailability

CardlessATMwithdrawalfromMobileWallet:

FFT has integrated technologies that allow ourclient’s customers to use funds from theirmobilewallet balance andwithdraw those funds at over55,000ATMaroundtheUnitedStates.Thisisdoneatacost lessthanthemoretraditionalDebitCardATMwithdrawal.

ProjectedPaymentsMerchantProcessing:Allowstraditionalon-premisemerchantsorInternetecommercemerchantstoacceptpaymentsviatheFrictionlessFinancialTechnologiestechnologystack.TheFFTpoweredProjectedPaymentsstack,allowscustomerstoquicklyandsecurelypayforanygoodsandservicesandindoingsoallowsmerchantstoavoidpayingtraditionalcreditanddebitcardprocessingfees.