Payment solution for international businesses
Logistics and FinTech, 13 December 2017
PwC’s Digital Services
- International wire transfers are expensive
- Banks can take a week to credit payment for bookings
- Opening local entities and bank accounts difficult
€
The problem
Root cause: correspondent banking
The current process is expensive, slow, and complicated
A “Tikkie” for businesses –
bank transfers as easy as sending
“
How does Kable work?Example of a blockchain settlement for invoice collection
Localbank
Local currency(Instant Payment)
Country border
Local KablePartner
EUR(SEPA transfer) NL
bankLocal bank and
BTC wallet BTC
Sender Recipient
BTC wallet and EUR bank
High speed global transfers in 4h
Improved customer experience
“Hands down the best way to pay high value invoices to companies operating globally.”
– Travel agency –
“
Results
€ 80% cost saving compared to wire transfers
The AmericasArgentina
Brazil
Canada
Chile
Mexico
Peru
Europe28 EU countries
Switzerland
Asia Pacific Australia
Cambodia
China
Hong Kong
India
Indonesia
Japan
South Korea
Malaysia
Nepal
Pakistan
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Middle East / AfricaBahrain
Cameroon
Israel
Kenya
Lebanon
Nigeria
Saudi Arabia
Senegal
Seychelles
South Africa
Tanzania
Turkey
Uganda
United Arab Emirates
Global access to 66 countries
as per December 2017
PAG
E 8Reach out to us on [email protected] improve your customer’s experience
• Save 80% on bank and FX fees• Receive payment for bookings in 4h• Reach 66 countries globally