A Business Pitch to Create a comprehensive, Filipino-centric
online money remittance, bill payment, savings and financial consulting system that helps Filipino Nationals working
oversees conveniently manage their hard earned money.
Financial Inclusion: Landscape and ChallengesJohnnyRizq
There are 2.5 billion unbanked adults around the world, mainly in developing economies. Financial inclusion is important because the lack of access to formal financial services limits the ability of poor communities to thrive economically, and also entails greater risks of fraud and theft. This presentation gives an overview of the status of financial inclusion, what it means, and how new technologies such as mobile money services could help give poor people in remote areas better access to reliable financial services.
Financial inclusion provides access to formal financial services for disadvantaged groups and small businesses, promoting economic development. Globally, half of all adults lack bank accounts, including 80% of those living on under $2 per day. Without access to financing, small businesses and families must rely on informal mechanisms, hindering investment, employment, and growth. Financial inclusion can be expanded through initiatives like microfinance, mobile banking, and financial education, enabling people to invest, manage cash flow, and build resilience, lifting incomes and reducing poverty. Governments and organizations should promote financial inclusion programs that can generate employment and entrepreneurship.
A Small Business Approach To Accessing Credit & Healthcare Reform in Califor...Small Business Majority
This webinar provided tips about accessing traditional bank loans and directed small business owners to state and federal programs that may be right for their business. We also talked about some long-term policy solutions that could ensure that small businesses get the credit they deserve.
The document discusses the future of financial inclusion. It notes that 2.5 billion people currently lack access to financial services. Early pioneers in financial inclusion included microfinance institutions like Grameen Bank, which pioneered group lending models. More recently, mobile money has expanded access, with debates around whether bank-led or telco-led models are most effective. Looking ahead, the future of financial inclusion is focused on building ecosystems and pushing services to mobile, with a movement toward cashless societies globally. Financial inclusion efforts must focus on understanding customer needs and local market traits.
The EB-5 visa program provides a path to US permanent residency for foreign investors who invest $1 million or $500,000 in targeted areas and create 10 jobs. It offers benefits like green cards for family members and a path to citizenship. Regional centers designate economic projects and areas that need investment to promote job creation. The process takes around 6-8 months from application to receiving a conditional green card, with removal of conditions after 2 years if investment requirements are met. Common issues include insufficient documentation of source of funds, which requires thorough records of finances.
The EB-5 visa program provides a path to US permanent residency for foreign investors who invest $1 million or $500,000 in targeted areas and create 10 jobs. It offers benefits like green cards for family members and a path to citizenship. Regional centers designate economic projects and areas that need investment to promote job creation. The process takes around 6-8 months from application to receiving a conditional green card, with removal of conditions after 2 years if investment requirements are met. Common issues involve proving source of funds so thorough documentation is important.
This document provides a summary of a presentation on digital financial services (DFS) in Ethiopia. The presentation includes:
- An agenda for the dissemination of findings event on DFS in Ethiopia.
- An overview of key elements needed for a DFS ecosystem, including an electronic payments system, cash-in/cash-out networks, and financial institutions adding services.
- A discussion of the experience with DFS globally, including the mixed success of mobile operators and challenges for other players to be relevant without partnerships.
- An assessment of Ethiopia's market readiness for DFS, including opportunities around government commitment but also weaknesses in regulations and banking/telecom infrastructure.
- The large potential need and transaction volumes that could
This document summarizes My Client's plan to reallocate $2.9 million from its microfinance portfolio in Southern Sudan to Tanzania. Lower-than-expected demand in Southern Sudan has resulted in a smaller-than-projected loan portfolio. The reallocation plan projects that My Client will reach 88% of its original growth plan for number of borrowers by 2015 based on updated assumptions. It extends the repayment of loans to the Africa Loan Fund to 2017 to avoid default. The plan maintains My Client's development programs and preserves its relationships with investors.
Financial Inclusion: Landscape and ChallengesJohnnyRizq
There are 2.5 billion unbanked adults around the world, mainly in developing economies. Financial inclusion is important because the lack of access to formal financial services limits the ability of poor communities to thrive economically, and also entails greater risks of fraud and theft. This presentation gives an overview of the status of financial inclusion, what it means, and how new technologies such as mobile money services could help give poor people in remote areas better access to reliable financial services.
Financial inclusion provides access to formal financial services for disadvantaged groups and small businesses, promoting economic development. Globally, half of all adults lack bank accounts, including 80% of those living on under $2 per day. Without access to financing, small businesses and families must rely on informal mechanisms, hindering investment, employment, and growth. Financial inclusion can be expanded through initiatives like microfinance, mobile banking, and financial education, enabling people to invest, manage cash flow, and build resilience, lifting incomes and reducing poverty. Governments and organizations should promote financial inclusion programs that can generate employment and entrepreneurship.
A Small Business Approach To Accessing Credit & Healthcare Reform in Califor...Small Business Majority
This webinar provided tips about accessing traditional bank loans and directed small business owners to state and federal programs that may be right for their business. We also talked about some long-term policy solutions that could ensure that small businesses get the credit they deserve.
The document discusses the future of financial inclusion. It notes that 2.5 billion people currently lack access to financial services. Early pioneers in financial inclusion included microfinance institutions like Grameen Bank, which pioneered group lending models. More recently, mobile money has expanded access, with debates around whether bank-led or telco-led models are most effective. Looking ahead, the future of financial inclusion is focused on building ecosystems and pushing services to mobile, with a movement toward cashless societies globally. Financial inclusion efforts must focus on understanding customer needs and local market traits.
The EB-5 visa program provides a path to US permanent residency for foreign investors who invest $1 million or $500,000 in targeted areas and create 10 jobs. It offers benefits like green cards for family members and a path to citizenship. Regional centers designate economic projects and areas that need investment to promote job creation. The process takes around 6-8 months from application to receiving a conditional green card, with removal of conditions after 2 years if investment requirements are met. Common issues include insufficient documentation of source of funds, which requires thorough records of finances.
The EB-5 visa program provides a path to US permanent residency for foreign investors who invest $1 million or $500,000 in targeted areas and create 10 jobs. It offers benefits like green cards for family members and a path to citizenship. Regional centers designate economic projects and areas that need investment to promote job creation. The process takes around 6-8 months from application to receiving a conditional green card, with removal of conditions after 2 years if investment requirements are met. Common issues involve proving source of funds so thorough documentation is important.
This document provides a summary of a presentation on digital financial services (DFS) in Ethiopia. The presentation includes:
- An agenda for the dissemination of findings event on DFS in Ethiopia.
- An overview of key elements needed for a DFS ecosystem, including an electronic payments system, cash-in/cash-out networks, and financial institutions adding services.
- A discussion of the experience with DFS globally, including the mixed success of mobile operators and challenges for other players to be relevant without partnerships.
- An assessment of Ethiopia's market readiness for DFS, including opportunities around government commitment but also weaknesses in regulations and banking/telecom infrastructure.
- The large potential need and transaction volumes that could
This document summarizes My Client's plan to reallocate $2.9 million from its microfinance portfolio in Southern Sudan to Tanzania. Lower-than-expected demand in Southern Sudan has resulted in a smaller-than-projected loan portfolio. The reallocation plan projects that My Client will reach 88% of its original growth plan for number of borrowers by 2015 based on updated assumptions. It extends the repayment of loans to the Africa Loan Fund to 2017 to avoid default. The plan maintains My Client's development programs and preserves its relationships with investors.
20 lessons from public service delivery failures by a2i in Bangladesh - presentation made in Global Centre for Public Service Excellence UNDP Singapore in 2016.
Slideshow of the first microfinance102 class held by the San Diego Microfinance Alliance at UCSD. Presentation by Chuck Waterfield at Microfinance Transparency
The document provides an overview and agenda for a presentation on saving businesses by helping clients modify their home loans. It summarizes the current housing crisis, outlines the loan modification process offered by the company, provides examples of successful loan modifications, and describes the company's technology platform and business model for loan modification representatives.
G2P - Social Cash Transfers. Evidence from four countries 2012CGAP
This document summarizes evidence from social cash transfer programs in four countries - Brazil, Colombia, Mexico, and South Africa - that seek to promote financial inclusion. It addresses three key questions: 1) whether building financial services is affordable for social programs, 2) if poor recipients will use offered financial services, and 3) if financial institutions can profitably serve transfer recipients. The document finds that electronic payments can reduce government costs compared to cash, though upfront network development increases costs. It also finds that while recipients prefer electronic payments to cash, usage of new bank accounts is often limited to withdrawals. Finally, a regular fee from the government to financial providers can make the business case attractive for serving transfer recipients.
Pan-African banks- stylised facts and results of a pilot surveyJean Philippe Stijns
This document discusses recent trends in banking in sub-Saharan Africa. It notes that while banking sectors in SSA are generally underdeveloped, they have been deepening rapidly in recent years, with improving access to finance. Pan-African banks have played a role in this growth, expanding across borders and increasing competition. These banks have larger scale operations than most SSA banks and have continued expanding in recent years. The document also discusses factors that have contributed to the high costs of banking in SSA, such as small market sizes and population densities outside major cities.
2015 Residential Real Estate Investor ReportWally Thornton
This document is Visio Financial Services' annual residential real estate investor report. Some key findings include:
- Residential real estate investors have a median household income of $100k-$125k and most are male, married, and over 50 years old.
- Many investors want to grow their business but feel constrained by lack of access to cheaper loans and quality deals.
- Investors are increasingly looking at higher-priced properties as prices rise and inventory decreases. More are also searching outside their home state for deals.
- While investors often plan to expand their strategies, most continue focusing on either rentals or flipping rather than both. Access to capital remains a challenge for expanding operations.
Making a Transformational Deposit with HOPE means that people and places throughout the Deep South have access to financial services that provide jobs, housing, community infrastructure, asset development and address socio-economic challenges confronting one of the nation’s most impoverished regions.
This document proposes a Cash Collateralized Micro-Finance Obligation (Cash CMFO) investment vehicle to increase capital flows to microfinance institutions in South America. A Cash CMFO would securitize microfinance loans into tranches based on social impact and credit risk, allowing institutional investors to choose their preferred risk-return tradeoff while providing transparency and oversight of funds. The proposed Cash CMFO aims to be a sustainable and profitable investment that aligns investor interests with the social goals of microfinancing, expanding access to capital for small businesses and entrepreneurs in Latin America.
This document summarizes a presentation given by Marco Boa, the Asia Regional Manager for MicroFinanza Rating, at the 59th Annual National Convention of Rural Banks in the Philippines on May 25, 2012. The presentation discusses three factors important for microfinance institutions - governance, reputation, and financial strength. It then provides an overview of the microfinance industry in the Philippines and challenges facing rural banks. The presentation concludes by discussing the relationship between client protection and financial performance for microfinance institutions.
Philpass for rbap annual convention 25 may 2012RBAPAT54
This document provides an overview of the Philippine Payments System. It discusses the key components of the National Payments System framework, including financial institutions, payments infrastructure, laws and standards. It then describes the specific payments infrastructure of the Philippines, called PhilPaSS, and how rural banks can participate. Rural banks that join PhilPaSS gain benefits like facilitating reserves, remittances and funds transfers. The document outlines the requirements and process for rural banks to become PhilPaSS members through the PhilPaSS Roving Team. It also explains how the PhilPaSS REMIT system works for overseas and domestic remittances through same-day settlement.
Ito ay isang powerpoint presentation na tumatalakay sa paksang tungkol sa Parabula ng Mabuting Samaritano. Dito din matatagpuan ang ilang aktibidad o diskusyon patungkol sa paksang tinalakay.
Este documento presenta los resultados de una encuesta realizada a Prosumers en México. Los Prosumers son consumidores bien informados y exigentes que influyen en las tendencias del mercado. La encuesta encontró que los Prosumers en México se preocupan por temas como la salud, el medio ambiente, la privacidad en Internet y los efectos de la tecnología digital. También revela sus percepciones sobre temas como el bienestar, las relaciones interpersonales y los desafíos de envejecer.
How to demystify cross-border payments in traveltnooz
Payment efficiency and security for cross-border payments are essential in today’s global marketplace.
However, there are many gaps in understanding foreign currency and reconciliation issues once payment is made.
During this session we will discuss currency and cross-border strategies for operating in a global travel economy.
Topics include:
Evaluation of currency types
Strategies for pairing currencies
Exotic currencies
Products and technology to simplify payment intricacies
Join these industry experts and Tnooz for our FREE webinar:
Noel Goddard, founder, FTT Global
Kristin Mollison, senior technical product manager, WEX
Kevin May, moderator and editor, Tnooz
Gene Quinn, producer and CEO, Tnooz
This webinar took place on Thursday 29 January 2015.
John Mardlin of Coin Forest, and Gareth MacLeod of Tinkercoin's presentation on why Bitcoin is important, and explain the concepts of the proof of work, and block chain technology that make it revolutionary.
Regardless of what happens to Bitcoin Itself, crypto currencies are here to stay, and will have immense and unforeseen impacts in the near future.
A visual, and easy to undertsand outline of the Bitcoin Protocol.
In this talk, I explain the 'legend' of Satoshi Nakamoto, and the protocol that he conceived. The specific aspects covered are Wallets, Addresses, Trasactions, The Block Chain, Mining and currency Issuance.
The intention is to help a general audience understand HOW Bitcoin achieves a decentralized peer to peer currency.
Armed with this understanding, groups are better equipped to have a critical discussion about the economic, social and political impacts of this technology.
The outline, and visual presentation seem to be effective for the purpose, so the content belongs to the creative commons. I ask that you credit me for the work, but you are free to copy and revise as you wish.
You can find the original content here (you'll have to copy the file to your own Google Drive in order to edit it):
http://bit.ly/1gyJmx2
The document describes how domestic and cross-border payments work. It shows a payment flow chart with steps like account lookup, verification, watch list screening, currency conversion, account funding, original credit of funds to the recipient, and optional funding reversal. The flow chart illustrates both a simple domestic transaction and a more complex cross-border transaction involving additional steps.
Cross Border Payment- India and New 15CA/15CB RequirementsStuti Shah
The document discusses requirements for deducting tax at source on cross border payments to non-residents. It covers topics like chargeability to tax under section 195, scope of income as per sections 5(2) and 9(1), rate of withholding tax determined by section 90(2) and tax residency certificates under section 90(4). It also explains the new requirements introduced by notification 93/2015 for furnishing information in Form 15CA and obtaining an accountant certificate in Form 15CB for certain payments to non-residents.
Peer-to-peer commitment of resources is achieved using Typecoin, which generalizes the Bitcoin protocol to carry logical propositions. Typecoin transactions embed proof terms to represent authorization of resources, allowing verification that resources are used as intended. This provides a decentralized alternative to reliance on third parties for commitment by distributing verification across a blockchain network. However, some critiques note that Bitcoin's underlying security has limitations and full revocation or recovery of lost resources is not supported.
1) Bitcoin addresses are generated from public keys through a multi-step process involving hashing, encoding, and adding checksums.
2) Specifically, the public key is hashed using SHA256 and RIPEMD160, then encoded in base58 format.
3) A version byte and checksum are added to the encoded hash to create the final Bitcoin address.
Introduction to Bitcoin, prepared by Bitcoin Manchester to initially be presented at the Manchester Free Software Festival in February 2014.
Contents:
* What is money?
* What is good money?
* How does fiat money work?
* What is Bitcoin?
* How does Bitcoin work?
* Why is Bitcoin important?
20 lessons from public service delivery failures by a2i in Bangladesh - presentation made in Global Centre for Public Service Excellence UNDP Singapore in 2016.
Slideshow of the first microfinance102 class held by the San Diego Microfinance Alliance at UCSD. Presentation by Chuck Waterfield at Microfinance Transparency
The document provides an overview and agenda for a presentation on saving businesses by helping clients modify their home loans. It summarizes the current housing crisis, outlines the loan modification process offered by the company, provides examples of successful loan modifications, and describes the company's technology platform and business model for loan modification representatives.
G2P - Social Cash Transfers. Evidence from four countries 2012CGAP
This document summarizes evidence from social cash transfer programs in four countries - Brazil, Colombia, Mexico, and South Africa - that seek to promote financial inclusion. It addresses three key questions: 1) whether building financial services is affordable for social programs, 2) if poor recipients will use offered financial services, and 3) if financial institutions can profitably serve transfer recipients. The document finds that electronic payments can reduce government costs compared to cash, though upfront network development increases costs. It also finds that while recipients prefer electronic payments to cash, usage of new bank accounts is often limited to withdrawals. Finally, a regular fee from the government to financial providers can make the business case attractive for serving transfer recipients.
Pan-African banks- stylised facts and results of a pilot surveyJean Philippe Stijns
This document discusses recent trends in banking in sub-Saharan Africa. It notes that while banking sectors in SSA are generally underdeveloped, they have been deepening rapidly in recent years, with improving access to finance. Pan-African banks have played a role in this growth, expanding across borders and increasing competition. These banks have larger scale operations than most SSA banks and have continued expanding in recent years. The document also discusses factors that have contributed to the high costs of banking in SSA, such as small market sizes and population densities outside major cities.
2015 Residential Real Estate Investor ReportWally Thornton
This document is Visio Financial Services' annual residential real estate investor report. Some key findings include:
- Residential real estate investors have a median household income of $100k-$125k and most are male, married, and over 50 years old.
- Many investors want to grow their business but feel constrained by lack of access to cheaper loans and quality deals.
- Investors are increasingly looking at higher-priced properties as prices rise and inventory decreases. More are also searching outside their home state for deals.
- While investors often plan to expand their strategies, most continue focusing on either rentals or flipping rather than both. Access to capital remains a challenge for expanding operations.
Making a Transformational Deposit with HOPE means that people and places throughout the Deep South have access to financial services that provide jobs, housing, community infrastructure, asset development and address socio-economic challenges confronting one of the nation’s most impoverished regions.
This document proposes a Cash Collateralized Micro-Finance Obligation (Cash CMFO) investment vehicle to increase capital flows to microfinance institutions in South America. A Cash CMFO would securitize microfinance loans into tranches based on social impact and credit risk, allowing institutional investors to choose their preferred risk-return tradeoff while providing transparency and oversight of funds. The proposed Cash CMFO aims to be a sustainable and profitable investment that aligns investor interests with the social goals of microfinancing, expanding access to capital for small businesses and entrepreneurs in Latin America.
This document summarizes a presentation given by Marco Boa, the Asia Regional Manager for MicroFinanza Rating, at the 59th Annual National Convention of Rural Banks in the Philippines on May 25, 2012. The presentation discusses three factors important for microfinance institutions - governance, reputation, and financial strength. It then provides an overview of the microfinance industry in the Philippines and challenges facing rural banks. The presentation concludes by discussing the relationship between client protection and financial performance for microfinance institutions.
Philpass for rbap annual convention 25 may 2012RBAPAT54
This document provides an overview of the Philippine Payments System. It discusses the key components of the National Payments System framework, including financial institutions, payments infrastructure, laws and standards. It then describes the specific payments infrastructure of the Philippines, called PhilPaSS, and how rural banks can participate. Rural banks that join PhilPaSS gain benefits like facilitating reserves, remittances and funds transfers. The document outlines the requirements and process for rural banks to become PhilPaSS members through the PhilPaSS Roving Team. It also explains how the PhilPaSS REMIT system works for overseas and domestic remittances through same-day settlement.
Ito ay isang powerpoint presentation na tumatalakay sa paksang tungkol sa Parabula ng Mabuting Samaritano. Dito din matatagpuan ang ilang aktibidad o diskusyon patungkol sa paksang tinalakay.
Este documento presenta los resultados de una encuesta realizada a Prosumers en México. Los Prosumers son consumidores bien informados y exigentes que influyen en las tendencias del mercado. La encuesta encontró que los Prosumers en México se preocupan por temas como la salud, el medio ambiente, la privacidad en Internet y los efectos de la tecnología digital. También revela sus percepciones sobre temas como el bienestar, las relaciones interpersonales y los desafíos de envejecer.
How to demystify cross-border payments in traveltnooz
Payment efficiency and security for cross-border payments are essential in today’s global marketplace.
However, there are many gaps in understanding foreign currency and reconciliation issues once payment is made.
During this session we will discuss currency and cross-border strategies for operating in a global travel economy.
Topics include:
Evaluation of currency types
Strategies for pairing currencies
Exotic currencies
Products and technology to simplify payment intricacies
Join these industry experts and Tnooz for our FREE webinar:
Noel Goddard, founder, FTT Global
Kristin Mollison, senior technical product manager, WEX
Kevin May, moderator and editor, Tnooz
Gene Quinn, producer and CEO, Tnooz
This webinar took place on Thursday 29 January 2015.
John Mardlin of Coin Forest, and Gareth MacLeod of Tinkercoin's presentation on why Bitcoin is important, and explain the concepts of the proof of work, and block chain technology that make it revolutionary.
Regardless of what happens to Bitcoin Itself, crypto currencies are here to stay, and will have immense and unforeseen impacts in the near future.
A visual, and easy to undertsand outline of the Bitcoin Protocol.
In this talk, I explain the 'legend' of Satoshi Nakamoto, and the protocol that he conceived. The specific aspects covered are Wallets, Addresses, Trasactions, The Block Chain, Mining and currency Issuance.
The intention is to help a general audience understand HOW Bitcoin achieves a decentralized peer to peer currency.
Armed with this understanding, groups are better equipped to have a critical discussion about the economic, social and political impacts of this technology.
The outline, and visual presentation seem to be effective for the purpose, so the content belongs to the creative commons. I ask that you credit me for the work, but you are free to copy and revise as you wish.
You can find the original content here (you'll have to copy the file to your own Google Drive in order to edit it):
http://bit.ly/1gyJmx2
The document describes how domestic and cross-border payments work. It shows a payment flow chart with steps like account lookup, verification, watch list screening, currency conversion, account funding, original credit of funds to the recipient, and optional funding reversal. The flow chart illustrates both a simple domestic transaction and a more complex cross-border transaction involving additional steps.
Cross Border Payment- India and New 15CA/15CB RequirementsStuti Shah
The document discusses requirements for deducting tax at source on cross border payments to non-residents. It covers topics like chargeability to tax under section 195, scope of income as per sections 5(2) and 9(1), rate of withholding tax determined by section 90(2) and tax residency certificates under section 90(4). It also explains the new requirements introduced by notification 93/2015 for furnishing information in Form 15CA and obtaining an accountant certificate in Form 15CB for certain payments to non-residents.
Peer-to-peer commitment of resources is achieved using Typecoin, which generalizes the Bitcoin protocol to carry logical propositions. Typecoin transactions embed proof terms to represent authorization of resources, allowing verification that resources are used as intended. This provides a decentralized alternative to reliance on third parties for commitment by distributing verification across a blockchain network. However, some critiques note that Bitcoin's underlying security has limitations and full revocation or recovery of lost resources is not supported.
1) Bitcoin addresses are generated from public keys through a multi-step process involving hashing, encoding, and adding checksums.
2) Specifically, the public key is hashed using SHA256 and RIPEMD160, then encoded in base58 format.
3) A version byte and checksum are added to the encoded hash to create the final Bitcoin address.
Introduction to Bitcoin, prepared by Bitcoin Manchester to initially be presented at the Manchester Free Software Festival in February 2014.
Contents:
* What is money?
* What is good money?
* How does fiat money work?
* What is Bitcoin?
* How does Bitcoin work?
* Why is Bitcoin important?
This document provides a general introduction to Bitcoin. It begins with an outline and background on the speaker. It then discusses the history of Bitcoin and how it was created to solve the problem of double spending without a trusted third party. Technically, Bitcoin uses asymmetric cryptography, transactions between addresses recorded on a distributed blockchain, and mining to validate transactions through proof of work. Economically, it functions as a currency with a limited and predictable supply governed by math.
Ocean Systems briefly summarizes their highly intuitive FedLink Wire Transfer Core System. The FedLink system is a scalable wire transfer software solution that integrates various modules to automate, simplify, and comply with all compliance and wire transfer related requirements.
This document summarizes a report about Western Union and its strategic alliance with DHL. Western Union has been connecting people globally for over 164 years through money transfers. It also provides international payment and cash management solutions for businesses. The strategic alliance between Western Union and DHL will allow their customers to access each other's services in one place, such as sending remittance payments and collecting funds in different currencies. The cooperation is expected to benefit both companies by expanding their customer bases and offering additional value-added services.
A short seminar presentation on the technical background of Bitcoins. Some basic concepts behind bitcoin addresses are discussed. An overview on the concepts of transactions and blocks is given.
This document outlines the steps involved in payroll processing including:
1) Running live payroll and correcting any errors
2) Processing leaver payroll
3) Simulating tax filings and bank payment submissions before the actual live runs
It discusses how the bank automated clearing system (BACS) in the UK and Ireland works to distribute net payments to employee bank accounts via third party clearing systems like REIMS in the UK and ADDS in Ireland. Payment details are transmitted to banks using different file formats.
Payments and transaction processing systems - Global and Indian OverviewAkshay Kaul
This document provides an overview of global and Indian payment and transaction processing systems. It discusses the global regulatory framework established by the Bank for International Settlements and the regulatory framework in India established by the Reserve Bank of India. It describes how banks transact with each other using real-time gross settlement systems like RTGS and net settlement systems like NEFT. It also outlines how customers transact through conventional and electronic modes like mobile banking. Specialized companies operating in various areas of the industry are discussed as well as the market share and critical success factors of different payment modes. Risks to payment systems are also addressed.
The document discusses remittances to the Philippines from overseas Filipino workers and Land Bank of the Philippines' efforts to harness remittances for development. Some key points include:
- Remittances to the Philippines amounted to $16.4 billion in 2008, ranking the Philippines 4th globally.
- Remittances account for about 10% of the Philippines' GDP and fuel domestic consumption and help improve the balance of payments.
- Land Bank of Philippines aims to make remittance services more accessible and less costly through programs for overseas workers and expanding partnerships with remittance companies.
- Land Bank also provides banking services, investment products, and livelihood loans to overseas workers and their families to help product
The document summarizes the pawnshop market in the Philippines. It discusses how pawnshops provide loans to individuals and serve those without access to formal banking. Key points include:
- Pawnshops lend money against collateral like jewelry and charge interest until the loan is repaid. They cater mainly to low-income individuals.
- The pawnshop industry has grown significantly, with the number of pawnshops increasing at a CAGR of around 10% from 2010 to 2015.
- In addition to pawning, pawnshops also facilitate money transfers, bill payments, insurance, and other financial services for the unbanked.
Remittances as a Catalyst for Financial Inclusion 19 Apr 2016- FINAL2Juanita Woodward
Juanita Woodward presented on how remittances can act as a catalyst for financial inclusion for migrant workers. She outlines three key opportunities: 1) Linking financial products like savings, credit, and insurance to remittances can increase access to services for migrant workers and their families. 2) Financial literacy training is important so migrant workers understand how to manage money. 3) Microinsurance products are growing and can help migrant workers mitigate financial risks. Remittances present an opportunity to improve financial inclusion if the right products and education are developed with migrant workers and their transnational families in mind.
Unsgsa investor principles for inclusive finance how investors can contribut...Dr Lendy Spires
1) The document introduces the Investor Principles for Inclusive Finance, which provide guidance for investors to help build strong, sustainable, and responsible financial institutions that can better serve clients' needs.
2) It discusses how microfinance has helped millions but also faced challenges as the sector rapidly grew, such as over-indebtedness. The principles aim to address such issues and ensure long-term viability.
3) The first signatories of the principles are commended for their commitment to responsible finance and vision for inclusive financial systems that improve lives worldwide in a sustainable manner.
Critical Financial Literacy and Public PolicyNicole Newman
We will share info and resources about the ItAG sessions and continuing actions to build a curriculum that brings a critical approach to teaching financial literacy. We will not use comparison methods as a means of measurement. We will use language that empowers rather than destroys. We will use multiple meausrement tools for wealth.
V47 10 step marketing plan batisan ronaldorsbatisan
1. The document outlines a 10 step marketing plan for BPInoy Remittance, BPI's remittance product for overseas Filipino workers.
2. It identifies BPI's target market as OFWs who want to send money home fast, accurately and reliably. BPI aims to offer faster times, more payment options and cheaper fees than competitors.
3. The remittance market size in the Philippines is $17.35 billion according to central bank data. BPI has a 27% share of this market based on unofficial data.
V47 10 step marketing plan batisan ronaldoRon Batisan
1. The document outlines a 10 step marketing plan for BPInoy Remittance, BPI's remittance product for overseas Filipino workers.
2. It identifies BPI's target market as OFWs who want to send money home fast, accurately and reliably. BPI aims to offer faster times, more payment options and cheaper fees than competitors.
3. The remittance market size in the Philippines is $17.35 billion according to central bank data. BPI has a 27% share of this market based on unofficial data.
Breaking Up is Hard to Do: Small Businesses’ Love Affair with ChecksVivastream
This document discusses small businesses' reliance on checks and the challenges they face in adopting electronic payments. It notes that small businesses write billions of checks per year at high costs. While checks meet their needs of being easy to use and widely accepted, electronic payments could offer benefits like cost savings and fraud protection. However, small businesses are often too busy with core operations to prioritize alternatives. The document also outlines hurdles small businesses face in using ACH or credit cards, such as navigating bank requirements and understanding fees. It suggests that businesses more open to electronic payments tend to have standardized payment processes or receive remittance data with payments.
Mobile and Electronic Payments Conference 2012 MyanmarBrad Jones
Visa hosted a mobile money conference in the capital of Myanmar, Naypyidaw in December 2012. Over 200 government, industry and development representatives attended. #mobilemoney #digital #fintech #Myanmar #financialservices #mobile
Microfinance provides small loans, or access to credit, to help low-income individuals start or expand businesses. Typical borrowers cannot obtain loans through traditional banks due to lack of collateral or credit history. Kiva allows individuals to lend small amounts to entrepreneurs in developing countries via microfinance institutions. This provides start-up capital for things like tools, supplies or materials. While microloans do not always guarantee success, they can help smooth income and provide opportunities that may otherwise not exist for the poor.
Microfinance provides small loans, or access to credit, to help low-income individuals start or expand businesses. Traditional banks do not serve the poor due to lack of collateral or credit history. Kiva allows individuals to lend as little as $25 at 0% interest to entrepreneurs around the world listed on the Kiva website. This provides start-up capital for things like tools, supplies, or materials. While microloans do not always guarantee success, they can help smooth income and provide opportunities that may otherwise not exist for the poor.
Microfinance institutions provide financial services like loans to poor entrepreneurs who lack access to traditional banking due to lack of credit history or collateral. These entrepreneurs use the loans for productive purposes to grow their businesses and improve their lives. Microfinance funds invest in a diversified portfolio of microfinance institutions across many countries to achieve stable returns while creating positive social impact. KWFT in Kenya is an example of a microfinance institution that focuses on empowering women entrepreneurs through financial inclusion and a wide range of products.
1. 1x1Microcredit is a non-profit organization that provides microloans to support people living in poverty through local partners. It offers capital at 0% interest to local microfinance institutions.
2. The proposal is for Fundación Paraguaya to become a local partner, allowing it to access capital from 1x1Microcredit to finance microloans. Capital would be provided in Euros at 0% interest with a 6% fee per loan.
3. As a local partner, Fundación Paraguaya would be responsible for managing the loans, including disbursement and repayment. It would also help monitor impact and report outcomes to 1x1Microcredit.
Many people misunderstand the true meaning of positive cash flow, assuming it is simply the result of putting money into a property and receiving a small return. In reality, positive cash flow represents a significant milestone in achieving financial freedom through real estate investments
The document outlines the modules in a startup training series. Module 10 covers training, research, and innovation. It is divided into 3 sections: 1) training and development, 2) market research, and 3) innovation. Section 1 addresses topics like building teams, leadership skills, motivation, and lifelong learning. Section 2 covers research methods and topics such as competition analysis and technology trends. Section 3 focuses on creativity, innovation, and managing creative processes. The module provides learning on critical skills for startups in developing people, understanding markets, and driving new ideas.
This document outlines information about a fitness and gym facility. It includes sections on the table of contents, lorem ipsum placeholder text, what services are offered including strength training, nutritional guidance and supplements, an introduction section to collect member information, a movement assessment, the facility hours and days of operation.
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive function. Exercise causes chemical changes in the brain that may help protect against mental illness and improve symptoms for those who already suffer from conditions like depression and anxiety.
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive functioning. Exercise causes chemical changes in the brain that may help boost feelings of calmness, happiness and focus.
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive functioning. Exercise causes chemical changes in the brain that may help protect against mental illness and improve symptoms for those who already suffer from conditions like depression and anxiety.
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive functioning. Exercise causes chemical changes in the brain that may help protect against mental illness and improve symptoms.
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive functioning. Exercise causes chemical changes in the brain that may help boost feelings of calmness and well-being.
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive functioning. Exercise causes chemical changes in the brain that may help protect against mental illness and improve symptoms.
Sacred Oak Medical Center proposes partnering with the Texas Department of Justice to build an 80-bed psychiatric hospital and other facilities on state-owned land to provide mental health and substance abuse treatment for inmates. This would help address the current situation where prisons have become the main facilities housing the mentally ill due to lack of psychiatric hospital beds and infrastructure. The new facilities could improve treatment outcomes, decrease costs over time, and help expedite treatment and control the inmate population.
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive functioning. Exercise causes chemical changes in the brain that may help protect against mental illness and improve symptoms.
Abhay Bhutada, the Managing Director of Poonawalla Fincorp Limited, is an accomplished leader with over 15 years of experience in commercial and retail lending. A Qualified Chartered Accountant, he has been pivotal in leveraging technology to enhance financial services. Starting his career at Bank of India, he later founded TAB Capital Limited and co-founded Poonawalla Finance Private Limited, emphasizing digital lending. Under his leadership, Poonawalla Fincorp achieved a 'AAA' credit rating, integrating acquisitions and emphasizing corporate governance. Actively involved in industry forums and CSR initiatives, Abhay has been recognized with awards like "Young Entrepreneur of India 2017" and "40 under 40 Most Influential Leader for 2020-21." Personally, he values mindfulness, enjoys gardening, yoga, and sees every day as an opportunity for growth and improvement.
University of North Carolina at Charlotte degree offer diploma Transcripttscdzuip
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Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
[4:55 p.m.] Bryan Oates
OJPs are becoming a critical resource for policy-makers and researchers who study the labour market. LMIC continues to work with Vicinity Jobs’ data on OJPs, which can be explored in our Canadian Job Trends Dashboard. Valuable insights have been gained through our analysis of OJP data, including LMIC research lead
Suzanne Spiteri’s recent report on improving the quality and accessibility of job postings to reduce employment barriers for neurodivergent people.
Decoding job postings: Improving accessibility for neurodivergent job seekers
Improving the quality and accessibility of job postings is one way to reduce employment barriers for neurodivergent people.
Economic Risk Factor Update: June 2024 [SlideShare]Commonwealth
May’s reports showed signs of continued economic growth, said Sam Millette, director, fixed income, in his latest Economic Risk Factor Update.
For more market updates, subscribe to The Independent Market Observer at https://blog.commonwealth.com/independent-market-observer.
Understanding how timely GST payments influence a lender's decision to approve loans, this topic explores the correlation between GST compliance and creditworthiness. It highlights how consistent GST payments can enhance a business's financial credibility, potentially leading to higher chances of loan approval.
Fabular Frames and the Four Ratio ProblemMajid Iqbal
Digital, interactive art showing the struggle of a society in providing for its present population while also saving planetary resources for future generations. Spread across several frames, the art is actually the rendering of real and speculative data. The stereographic projections change shape in response to prompts and provocations. Visitors interact with the model through speculative statements about how to increase savings across communities, regions, ecosystems and environments. Their fabulations combined with random noise, i.e. factors beyond control, have a dramatic effect on the societal transition. Things get better. Things get worse. The aim is to give visitors a new grasp and feel of the ongoing struggles in democracies around the world.
Stunning art in the small multiples format brings out the spatiotemporal nature of societal transitions, against backdrop issues such as energy, housing, waste, farmland and forest. In each frame we see hopeful and frightful interplays between spending and saving. Problems emerge when one of the two parts of the existential anaglyph rapidly shrinks like Arctic ice, as factors cross thresholds. Ecological wealth and intergenerational equity areFour at stake. Not enough spending could mean economic stress, social unrest and political conflict. Not enough saving and there will be climate breakdown and ‘bankruptcy’. So where does speculative design start and the gambling and betting end? Behind each fabular frame is a four ratio problem. Each ratio reflects the level of sacrifice and self-restraint a society is willing to accept, against promises of prosperity and freedom. Some values seem to stabilise a frame while others cause collapse. Get the ratios right and we can have it all. Get them wrong and things get more desperate.
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Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
1. Elemental Economics - Introduction to mining.pdfNeal Brewster
After this first you should: Understand the nature of mining; have an awareness of the industry’s boundaries, corporate structure and size; appreciation the complex motivations and objectives of the industries’ various participants; know how mineral reserves are defined and estimated, and how they evolve over time.
2. Overview
BUSINESS PROPOSITION:
Create a comprehensive, Filipino-centric
online money remittance, bill payment,
savings and financial consulting system
that helps Filipino Nationals working
oversees conveniently manage their
hard earned money.
3. Opportunity:
• Over 2 million “documented” and, as many as, 10 million Filipinos work overseas, all of which need
a safe, convenient way to transfer their wages back to the Philippines.
• Several money transfer companies currently exist, but they do not provide the services that
Filipino’s highly need: consultation on basic financial principles
• Principles such as time-value of money, credit management, investment, and goal-driven money
management need to be provided in an easy-to-understand, ecient way.
Money Investment
Goal-driven
money
management
Credit
management
5. Many working class Filipinos do not have a reputation of being smart
money managers. For the most part, the working class is known
more to be a “hand-to-mouth”, “live for today” society.
Therefore, creating a money management system that overcomes
this constraint will take more than creating an
ecient, easy-to-use delivery system.
6. Overcoming this Constraint:
• Bagong Bayani Financial will create a program that leans more towards education and consultation rather
than persuasion.
• Incentives (provided both by the Filipino government and Bagong Bayani Financial) such as
increasedsavings rates, tax incentives, points towards goods & services
7. The Market
• Overseas remittance flows to the Philippines will likely expand at a faster pace of
8 to 8.5 percent in 2014 on improved global growth prospects.
• Central bank data showed personal remittances surged 6.1 percent to $10.404
billion in the first five months of the year from $9.809 billion in the same period
last year.
8.5%
8. • Cash remittances from land-based workers grew by five percent to $7.1 billion as of May, while those coming
from sea-based workers rose 8.1 percent to $2.3 billion.
The bulk of the remittances were sent from the United States,
Saudi Arabia, the United Arab Emirates, the United Kingdom,
Singapore, Japan, and Hong Kong.
9. CENTRAL BANK
Remittances play a big role in supporting domestic consumption, which remains
to be the largest driver of the Philippine economy:
Last year, cash remittances surged 7.4 percent to $22.968 billion, the
highest annual level ever recorded by the central bank. Personal
remittances, meanwhile, grew 8.6 percent to $25.351 billion.
10.
11. Current process
OFW worker gets job through
agency or trade organization
On payday, agency or company
pays OFW worker cash
OFW worker keeps cash on
person, uses cash for expenses,
and brings home excess cash
home for family uses, which
could include savings.
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2
3
12. SYSTEM FLAWS
Lack of security/ high risk for OFW: accumulating cash on person
while oversees creates risk of theft, loss, or overspending.
Fair exchange of currency: OFW are at the mercy of exchange
centers, which usually provide less-than-fair exchanges into
home currency
Non-utilization of compounding interest or time-value of money:
The longer the OFW keeps pay in cash form, the less efficient
their money is for their long-term goals
Inability to build credit history: While OFW pays with and saves cash,
they are unable to create and maintain credit history, therefore
making it more dicult for them get credit facilities
(credit cards, auto loans, home loans).
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2
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4
13. Features:
Immediate deduction
from agency during
normal payroll
process
Utility
payments
Philippine banks
(BPI, BDO, PNB, etc.)
via PhilPass
Immediate deduction
from agency during
normal payroll
process
Larger family
expenses
2
3
4 5
1
14. OFW has online access
• Utility payments (ie. Meralco, PLDT, Globe, etc.). Integration to the
remittance company will show current balance due/paid.
• Philippine banks (BPI, BDO, PNB, etc.) via PhilPass
• Larger family expenses (rent payment to landlord’s bank account,
auto loan, etc.)
• Debit cards
• Savings/Investment account /Time Deposit
15. Benefits
Ability to help OFW
decrease risk of theft,
loss, or overspending
of cash
Help OFW workers
receive a more favorable
exchange when shopping
and sending money
home to family.
By helping educate OFW
workers and providing an easy
money transfer/ cash management
service to family back home, they
will be more able to save and
have their money work
harder for them.
BBF will help OFW's build their
credit, through educational tools,
tracking their spending, and
providing introductions to those
that oer credit products (banks,
financial services companies)
1
2
3
4
19. OFW worker registers for BB Financial's
Pay-to-Save system
BB Financial's Pay-to-Save system
(BBPTS) walks OFW worker through
budgeting system
On payday, agency pays
OFW via combination of
cash and prepaid VISA/ MC
OFW's prepaid VISA/ MC is gateway to
BBPTS System. NFPTS takes funds and
transfers them to accounts at Filipino banks.
Amounts of transfers and acccount names/
purposes are pre-determineOFW,
based on needs, wants and goals.
OFW can use prepaid VISA/ MC
for expenses while overseas,
which is safer and more ecient than cash
OFW can access and control funds and and pay bills vis
online/mobile app system
Prepaid VISA/ MC will have
built in stopgaps that will not allow OD's
and overlimits
OFW can contact BB Financial 24
hours/ day via phone or email
tosolve problems
and answer questions
BBPTS members will
receive incentive
points towards goods and
services that are in high
demand the more they use
the system
BBTPS will also allow for OFW to
fund PERA's (Personal Equity Retirement
Accounts) and college education
accounts, which will include ETF's and/or
mutual funds that hold
Filipino comapnies
OFW will be send oers by competing
banks and financial services companies
based on their account balances,
usage and payment hitsory for credit
cards, car loans and home loans
Once the OFW returns to the Philippines,
funds left on his/ her prepaid VISA/MC will
be transferred to the bank of his/her
choice with a premium added.
This will further increase their
incentive to save their hard-earned
funds.
1
2
3
5
6
4
8
7
9
10
11
20. Revenue Sources
• Investment interest from the money that OWFs put in long term deposits (TDs).
BBF will invest in areas that will exceed the interest payment to the OFW. Current
rates are approximately 1.2% for a 1 year TD
• Fixed priced transaction fees for remittance to Philippine banks, utilities, and loan
payments needing same day transactions (estimated at P200 per transaction)
• No transaction fee for 3 business day transactions, or any deposit into a long term
deposit (TDs).
• Spread on conversation rate with each transaction - approximately 1 Peso different
than the market rate, in favor of BBF.
• Transaction fees when OFW utilizes Debit card (estimated at P25 per transaction)
• Penalty for OFW early withdrawal from TD (TBD)
• Selling of the OFW client information to potential lenders that can market their
programs to the OFWs (TBD)
21. Investment Requirements
In order to effectively capitalize the business, BBF is seeking a series “A” round funding
of $6 million USD. $3 million USD will be utilized for business startup and operating
expenses. The remaining $3 million USD will be used as the banking reserve to support
the investment portion of the business.
We estimate that a working application will be ready to pilot test 6 months from the
time of investment. The timeline for full deployment will depend on Philippine
regulatory and business requirements.
22. The Team
Mr. de Vera has been involved in the financial services, banking, and
commercial real estate lending industry for more than 25 years. Joe has
provided investment, private banking, and wealth management
services to small- to mid-sized businesses, medical professionals,
and executives, including financing their commercial real estate
acquisitions and development projects.
Mr. de Vera is currently a Senior Vice President for A10 Capital, a nationwide
private equity real estate finance company. Previously Mr. de Vera served
as Vice President and Regional Marketing Officer for an Idaho-based
community bank, a First Vice President of a Northwestern regional
bank’s wealth management and trust division, and was a
Vice President/ Regional Manager for Washington
Mutual Bank (now Chase).
Joe graduated from the University of California, Los Angeles with a
Bachelor of Arts degree in political science. He is active in youth
sports, non-profit organizations, and school boards.
23. The Team
Mr. Mendoza is a Senior Executive with over 25 years of experience, specializing in
Supply Chain Management, Financial Services, and Mergers and Acquisitions.
Additionally, he has built several successful startup technology businesses –
in fact, he sold his first Internet business to KPMG Consulting (BearingPoint).
Mr. Mendoza also has experience with Philippines business as he currently presides
over the Invisalign Philippines distribution. In addition, he serves as an Advisory
Board Member for ProBank (a United States regional Florida bank).
Mr. Mendoza graduated from the University of California, Los Angeles, with a
Bachelor of Science degree in Artificial Intelligence, and received his Master of
Business Administration from the University of Southern California. He has
published white papers on the Electronic Commerce Evolution, and is an
occasionalguest speaker at the Marshall School of Business,
University of Southern California.