ChatRemit is the solution that combines two modes technology" Messenger Based Mobile Banking and distributed ledger (blockchain). It is the result of collaboration between QuickBoxBot LLC and PAYe LLC.
1. Powered by ChatBank & BlockLynk
ChatRemit
Powered by ChatBank & BlockLynk
Payments Made Social
Payments Made Easy
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2. ChatRemit
The ChatRemit program is a cardless mobile payments
solution utilizing social media messenger ‘ChatBots’,
Blockchain Technology, and existing banking network
infrastructure as a convenient and cost effective
payments delivery channel.payments delivery channel.
The ChatRemit solution enables person-to-person
money transfers and one-to-many disbursements.
Verticals include, but are not limited to banks, money
remittance services, government agencies, insurance
providers, corporate disbursement programs, charities,
and disaster relief organizations.
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3. ChatRemit
The ChatRemit virtual accounts can be prepaid with a
single load for one time use or they can be linked to
direct deposit accounts and prepaid general purpose
reloadable debit card accounts.
All sources of funds are verified and deposited in the
depository escrow account of the sponsoring bank in a
prepaid access ‘Good Funds’ model.
ChatRemit cross border transactions are routed and
the funds settled according to existing remittance
interbank settlement correspondent bank
relationships.
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4. ChatRemit
ChatRemit integrates a powerful set of technologies into a single
platform that creates an Omni-channel payments ecosystem that
incorporates social media messenger channels and blockchain
technology with established banking payment infrastructure.
By harnessing the power of a ‘ChatBot’ messaging mobile By harnessing the power of a ‘ChatBot’ messaging mobile
interface and decentralized distributed blockchain networks,
ChatRemit will revolutionize how people send and receive
money. Whether in Person-to-Person (P2P) remittances,
Consumer-to-Business (C2B) payments or Business-to-
Consumer (B2C) funds disbursements.
BlockLink Gateway service delivers a Frictionless, Anonymous,
Secure, Transparent (FAST) transaction platform that is a game-
changer for Omni-channel payments.
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5. Regulatory Compliance
A bank or financial application provider can hold an
identifier that confirms their status for business,
regulatory status, and available products.
An end-user customer is connected to subscribed An end-user customer is connected to subscribed
financial application providers and has a store of
information regarding their identity, country-of-
residence, and other important regulatory
information.
There is a token used to pass a message from financial
player to financial player that informs each party of a
user-initiated money transfer.
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6. Remittance Funds Flow
Real-Time Money Transfer
USD FXEncrypted Token
ChatRemit
ChatBot
Wallet
App
Standard Interbank Escrow Account Settlement
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