yes money - innovation in remittance
DESCRIPTION
YES MONEY - Innovation in Remittance. YES MONEY - Highlights. YES Bank Branches : 352 BC Branches : 2,500+ Remittance Customers : 150 K + Transactions : 350 K + Amount Remitted : INR 4.15 Bn+ Transactions post banking hours : 45% Average ticket size : Approx. INR 3,500 74 Banks - PowerPoint PPT PresentationTRANSCRIPT
YES MONEY - Innovation in Remittance
•YES Bank Branches : 352•BC Branches : 2,500+•Remittance Customers : 150 K +•Transactions : 350 K +•Amount Remitted : INR 4.15 Bn+•Transactions post banking hours : 45%•Average ticket size : Approx. INR 3,500•74 Banks•15,930 Branches•740 Cities•51% repeat users•45% transactions in “Post Banking hours”
YES MONEY - Highlights
Remittance Market of INR 1.2 K Bn
Limited Bank BranchesLimited Banking Hours
Unlimited Potential Biz Cash INR 17 K Bn
The Potential
Do More with Less!
The Attributes•Indians like Assistance Services•Small amount for some is BIG for Many•Assurance and Trust are KEY deliverables•Internet Connected PC•Local Reputation > Global Reputation•Market Forces lead Model – Local Problem : Local Solution•Day ZERO Break even – WIN – WIN for all•24 x 7 convenience•YES Money Service available when Bank Branch doors close•Take Technology to People if….•Gut Feel to Successful partnerships!Market forces lead “innovation”
Beneficiary Banks
And more……
YES BANK Corporate Net banking
Platform Business
Correspondent
Business Corresponde
nt
Business Corresponde
nt
Business Corresponde
nt
Business correspondent
network
BACK5
Customer
Customer
Customer
Customer
Customer
Customer
Customer
The Program Design
The Seasonality
Growing......
Gut feel Validation
REMITTANCE BRIDGE
BC Partner 1
BC Partner 2
BC Partner 3
BC Partner 4
BC Partner 5
BC Agents
BC Agents
CustomersCustomers
RBI Settlement
Bene Bank
s
The Remittance Bridge
Thank You