Workers’ Remittances

1. Workers’ Remittances Workers’Remittances

2. 1 to 1.5 billion Workers’Remittances transactions 15 billion USD revenue 20 to 30% Bank share Any tolerances to consider?

3. Franchisee of money transfer operator Bilateral agreements over proprietary networks Workers’ Remittances Challenges Workers’Remittances Not tailored to provide consumer prices and time transparency Bound to operator’s offering and conditions Correspondentbanking Costly to scale, deploy and maintain in many countries Any tolerances to consider?

4. T e c h n i c a l B u s i n e s s f r a m e w o r k Workers’Remittances XML standardsfor instructions,status and return Contract templatefor service conditions Rulebookwith market practice FileActmessaging service Directorywith participant reference data Mobile-enabled !

5. 2 I paid $100. You can pick it up at XYZ bank. Give 123 as reference. Workers’Remittances Payment instruction Pay -out 1 4 Account ISO 20022 payment instructionvia Workers’ remittance solution, re- using existing clearing mechanism Mobile phone numbers as accountidentifier or beneficiary identityverification to authorize cash pay-out 3 Any tolerances to consider?

6. Fast time to market and stronger reach Workers’Remittances Faster return on investment Expanded commercial opportunities Reduced total cost of ownership Complemented with Alliance Integrator Centralised information database 47 Technical framework similar to SEPA banks Standardised definitions Any tolerances to consider?

7. Getting started Workers’Remittances Integrate infront-office Contact partner banks Test and roll-out Implement application H F T I T C elp acilitate est ertify rain ntegrate

8. Compelling Workers’Remittances customer experience Commercially neutral Easy to integrate Easy to scale Your global platform for person-to-person payments

9. Workers’Remittances Workers’Remittances For more information visit us on the stand