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Send Money Instantly. Save Money. Save Time. Who is World Cash Transfers?. World Cash Transfers (WCT) is an international funds transfer company, which uses non-bank methods to send and receive cash instantly. - PowerPoint PPT Presentation

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Page 1: Save Money. Save Time

Save Money. Save Time.

Send Money Instantly

Page 2: Save Money. Save Time

World Cash Transfers (WCT) is an international funds transfer company, which uses non-bank methods to send and receive cash instantly.

“…US$400 billion is sent home each year by nationals living abroad…” Feb 2008, Australian Financial Review

Our benefits:

Low fees

High convenience

Instant transfer

Our goal is to lower costs and reduce time on transactions and transfers.

Customer Cards (no form filling)

Bill pay - options

Mobile top-ups - options

Who is World Cash Transfers?

Page 3: Save Money. Save Time

How did World Cash Transfers Start?

WCT has formed in collaboration with Pan Pacific Transfers Ltd. Together with their long-standing business relationships in the Pacific and experience working hand-in-hand with local communities, we are providing a fresh approach to low cost and convenient funds transfer.

Page 4: Save Money. Save Time

Progress planPacific Rim

Samoa Tonga New Zealand Fiji Vanuatu

Other targeted markets Sri Lanka Pakistan Europe Philippines India China/Hong Kong

WCT Rollout

Staff payments Shipping companies Regional workers Transient workers

Page 5: Save Money. Save Time

The World Bank has recognised the need for low-cost fees and instant funds transfers for remittances worldwide. The World Bank is committed to pressuring both banked and non-banked systems into providing lower costs.

WCT is actively working to deliver low cost fees and charges in both remittance and other payments such as migrant salary management.

WCT/PanPac has been recognised by the World Bank as an innovator in fee reductions.

The World Bank

Page 6: Save Money. Save Time

WCT provides a unique and valuable service to workers from abroad as well as anybody wishing to transfer funds, enabling them to send money cheaply and instantly.

Our goal is to establish a highly accessible retail presence for World Cash Transfers in combination with existing community based outlets such as mobile phone stores, travel agencies and cultural centres.

WCT will also deploy throughout Australia Post outlets, potentially providing up to 19,000 access points across Australia to manage uploads to the WCT platform.

The Retail Environment

Page 7: Save Money. Save Time

Computer Printer Available funds to distribute to customers

(if dispersing funds)

Internet (broadband is

preferred)

Merchant Requirements

The infrastructure required to become a World Cash Transfers Merchant is standard retail equipment.

Page 8: Save Money. Save Time

World Cash Transfers provides a comprehensive suite of POS for in-store promotions including a full colour A2 size poster and a customer starter kit consisting of:

Point of Sale Collateral

BrochureWallet

World Cash Transfers

Card

Registration Form

Page 9: Save Money. Save Time

The World Cash Transfers Website provides information for consumers about how to send and receive money. They can also register for a World Cash Transfers Card online.

The Website also links to the Transfer Management System (TMS) – a total online management platform for Merchants – where Merchants can login to perform a cash transfer transaction.

The World Cash Transfers Website

World Cash Transfers Website

Page 10: Save Money. Save Time

The World Cash Transfers Customer Card eliminates the need for paperwork each time money is sent. This makes transactions quick and easy for customers and their recipients.

Customers register simply by providing details and showing proof of ID

WCT Customer Card

Page 11: Save Money. Save Time

WCT System Process

Australia Samoa

Internet VPN Internet VPN

1

2

3

4

5 6

Page 12: Save Money. Save Time

Cash Transfer Process

2

Master Account

Suffix 00 Suffix 01 Suffix 02

Island Account

3

4

5

1

Page 13: Save Money. Save Time

To become a World Cash Transfers Merchant, there are several key responsibilities that you must be willing to agree to:

Provide a friendly and helpful customer service

Payout your customers the full cash amount transferred

Have a correct and fully functional IT infrastructure

Store and distribute World Cash Transfer cards

Reconcile cash transfer takings on a daily basis

Merchant Responsibilities

Page 14: Save Money. Save Time

Merchant Benefits

There are many benefits to becoming a World Cash Transfers Merchant, including:

Excellent remuneration on a per transaction basis

Increased foot traffic to your retail outlet

Opportunity to market your own products to WCT customers

Alignment with a growing Global funds transfer service

Page 15: Save Money. Save Time

Thank you