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Technology
Copyright 2012 P2P Cash, Technology Inc. All rights reservedⓒ
SWIFTRemit Mobile Money Transfer Standard
Technology
Technology
04/08/23 Confidential Page 2
P2P Cash Business Opportunity
• P2P Cash GoalAggregate fragmented $400 Billion money transfer industry around common Standard: SWIFTRemit
• Significant Bank Opportunity – Banks have ONLY 25% of worldwide market*– Western Union + Money Gram-<20% of market– Remaining - fragmented low-tech competitors
• SWIFT Remit + mWallet= Worldwide Standard– P2P Adopting SWIFTRemit - Adding mWallet– Two pending patents protect the solution
*SWIFT
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SWIFT+P2P=World Standard
04/08/23 Confidential Page 3
Today 2012:Q2-Q3
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04/08/23 Confidential Page 4
Revenue Model
– Clearinghouse/Interchange Fees• Percentage of transaction (1%)
– Set-up and maintenance charges• Initial development fees
• System maintenance fees
– Trusted Agent Network (TAN) Retailer Fees• Retail Agents get Percentage of ALL financial services
• Insurance
• Micro-Credit
• Money Transfer
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04/08/23 Confidential Page 5
World Class Bank Switch
Remittance Gateway
ACH/SWIFT Gateway
P2P Cash Mobile Gateway
Remittance Company
Remittance Company Any BankAny Bank
P2P Bank Switch
P2P Bank Switch
oooooo
oooooo
oooooo
oooooo
oooooo
oooooo
Consumer$ TAN
Agent
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04/08/23 Confidential Page 6
P2P Cash Current Status
• $900,000+ invested to date by founders• Current Traction:
– Cyberplat: Largest Payment Processor in Russia
– SMART Agreement: Largest carrier in SE Asia -50M
– Kenya Hub Integration: Reach over 20 M mWallets
• 2012 Plans– Mexican Pilot Q2- Widespread Roll out Q3
– Integration to Google/ISIS Mobile Wallet(s)
– Citibank - Potential issuing mWallet partner
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04/08/23 Confidential Page 7
Competition
• Competing Mobile Money Clearinghouse: BICS: Belgium Telecom- Alternative to SWIFTRemit
• Competing Mobile Wallet Providers:– All proprietary systems want to “own” the consumer and drive
adoption of their own proprietary mWallet
• VISA/MC/Western Union/Money Gram:• Their overhead precludes making money at low transaction size.
All the Above are Potential Licensees/Partners of P2P Cash
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Go To Market Strategy
• Banks Get FREE Mobile Wallet:– New Mobile Money Transfers– Foreign Exchange Fees– New Services: Insurance, Micro-Credit
• Distribution: – Prepaid Cellphone/Money Transfer Retailers
These Retailers become Street Corner
BANK AGENTS
04/08/23 Confidential Page 8
Technology
P2P Mobile Cash Router
04/08/23 Confidential Page 9
Banco D’Oro- BDO
VPN Clear
SWIFTRemit
*P2P Cash Routes Cash based upon business rules using Cell Number as “Routing” Number
Cash + CELL Number*
Trusted Agent
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04/08/23 Confidential Page 10
Experienced Management Team
• Tom Meredith, CEO
– Financial Services/Telecom Entrepreneur; MBA-Harvard, Stanford Eng
• Ranjit Singh, COO
– Citicorp, VP Information Technology; Xerox –Corporate Officer; COO of ContentGuard- Xerox JV with Microsoft; Chairman Rockefeller Group.
• Morris Mwanga, CTO
– Developed real-time mobile Bank Switch for M-Pesa in Kenya; Kenya Stock Exchange and mobile banking expertise
• Thomas Flohr, CEO, P2P International
– Emerging Markets Expert/Morgan Stanley, JD Columbia, MBA Harvard
• Paul Polus, CFO
– Capital One, Certegy, x- CEO of large debit/credit card processor
• Kern Lewis, VP Marketing
– VP, Marketing. Reseller network development. Previous experience with American Express, World Savings Bank, MBA, Harvard
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04/08/23 Confidential Page 11
Use of Proceeds
• Seeking $5 million:– $3M Circled from Prominent VCs– Execution of Sales and Marketing
• Build Out Current Contracts: Philippines, Mexico, Kenya
• Close/Implement Pending Contracts: India, China• Hire three internationally-placed representatives
– Expand development team• Integrate Bank Partners• New Insurance and Credit services
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04/08/23 Confidential Page 12
Financial Projections
2012 2013 2014
Distribution Partners 6 24 100+
Remittance Volume $58 $340 $642
Remittance Revenue $.7 $4.8 $9.9
Total Revenue $2.8 $19.1 $37.5
EBITDA $.2 $13.9 $27
Net Income $.6 $8.6 $16.6
Key Action ItemsRecruiting new partnersSpeedy integration processTraffic-building marketing programs (cooperatively with partners)*All figures except Partners in $millions
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04/08/23 Confidential Page 13
Summary
• SWIFTRemit + Mobile Wallet = Money Transfer Standard – Patent pending CLOUD solution to mobile money transfer
– First to Market with new SWIFT standard for mobile wallets
• Large fragmented market in mobile money exchange– SWIFTRemit distribution costs VERY LOW
– Removes WU/MG competitive advantage
• $38 Million in revenue within three years– Based on gaining only 0.2% market share
• Seasoned management team with contracts in hand
• Clients in US, Kenya, Mexico, India, Philippines