international forum on remittances 2009

International Forum on Remittances 2009Rafael Ubilla – Commercial Director

Sergio Perez - CEO

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Why create a money transfer company?

Personas vinculadas al sistema financiero y negocios en el mundo del retail.

Business opportunity

Lack of better and more accessible financial products

Technological gap.

Presencia

Own Presence

Strategic Alliances

Global Coverage

More capillarity

Bild payments

Exchange market

Regional crisis

MORE MONEY TRANSFERSMORE MONEY TRANSFERS

• PURCHASE AND SALE OF FOREIGN EXCHANGE

• PURCHASE AND SALE OF LISTED SECURITIES

• PERSONAL PAYMENT ORDERS WITHIN AND OUTSIDE THE COUNTRY

• PURCHASE OF CHECKS

• INVOICE COLLECTION

• ATM SUSTEM

• SALE OF ENTERTAINMENT TICKETS

• PAYMENT TO SUPPLIERS

• PAYMENT OF PENSIONS

• CELL PHONE RECHARGE

• OTHER

• GDP CONTRACTION

• RECORD FIGURES OF UNEMPLOYMENT

• INCREASE OF INFLATION RATES

• REDUCTION OF REAL SALARY

• RECORD MIGRATION AT REGIONAL LEVEL

• CLOSING OF MAJOR FINANCIAL INSTITUTION

• CLOSING OF PRIVATE COMPANIES

• NATIONAL AND INTERNATIONAL TRANSFERS

Insecurity

Lack of transparency

High costs

Informality

Informality of the remittances

INTERNATIONAL FINANCIAL AND

OPERATIONAL HUBUruguay – En

Zonamérica (Parque Tecnológico en una

Zona franca)

Technological HUB enables:

Financial Consolidation

Movements in real time

Macro Visualization of business=opportunities

Access to a global network by a single communication channel

Microfinance

Micro - insurance

Remittances Software

CRM

Countless opportunities in the Word of Finance

Create business opportunities and

Solutions in the world of small and

Medium Financial enterprises

Surch as retail chains

• DAILY CHALLENGE

• GENERATE NEW OPPORTUNITIES

• HAVING ACCESS TO WORLD OF:

SupermarketsDrugstorsTelephone BoothsCooperatives

ASIAAfganistán, Armenia, Azerbaiyán,

Bangladesh, Bhután, Camboya,China, Filipinas, Georgia, India,

Indonesia, Irak, Kirguistán,Mongolia, Nepal, Pakistán,

Syrian Arab Rep.,Lao People´s Demo. Rep.,

Demo. People´s Rep. Of Korea,Sri Lanka, Tayikistán,

Timor-Leste, Turkmenistán,Uzbekistán, YemenAMERICA

Haití, Honduras,Nicaragua

AFRICAAngola, Benin, Burkina Faso, Burundi,

Camerun, Chad, Comoros, Congo,Côte d´Ivoire, Djibouti, Egypt,

Ethiopia, Eritrea, Gambia, Ghana,Guinea, Equatorial Guinea,

Guinea-Bissau, Kenya, Lesotho,Liberia, Madagascar, Malawi,

Malí, Morocco, Mauritania,Mozambique, Níger, Nigeria,

Central African Republic,Demo. Rep. of Congo,

United rep. of Tanzanía,Rwanda, Saint Thomas and Prince,

Senegal, Sierra Leona, Somalia,Sudán, Swazilandia, Uganda,

Zambia, Zimbabwe

EUROPARep. de Moldova

OCEANIASalomon Islands,

Kiribati,Papua New Guinea,

Tavalu,Vanuatu

Countries of low resources

IFADWORLD

BANKMIF

• Technological Development• Brand Image• Sales Strength• Access to Financial systems

RETAIL Businesses

• Better quality of life

• Security

• Transparency

• Control before Regulatory Entities

SupermarketsDrugstoresTelephone BoothsCooperatives

More

Alianzas EstratégicasMORE

Strategic Alliances

Regulated Countries

Non- Regulated

Countries

Regulating

Entities

Argentina, Brazil, Colombia, Costa Rica, Dominican Rep., Ecuador, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Panama, Paraguay, Perú, Uruguay and Venezuela

Bolivia and Chile

•FIU (Financial Information Unit)

•COAF ( Council for Financial Activities Control)

•Superintendency of Banks and Securities

•General Superintendency of Financial Institutions

•Ministry of Public Security and Justice

•Superintendency of Financial Services

•Foreign Exchange Management Commission

•Superintendency of Banks and Financial Institutions

•Ministry of industry and Trade

G8

World Bank

IMF OMC

Actores Gremiales

• No additional software needs to be installed• Easy to use• Transfer movements are on line and in real time• Multicurrency• Money and Time Saving• Monitoring of transactions and Prevention of capital

whitening • Detection of suspicious operations• I access to a global network with an alone channel

of communication • Movements in real time

Atributos del Sistema

15

Muchas gracias

Merci Beaucoup

Thank you