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YES MONEY - Innovation in Remittance

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

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YES MONEY - Innovation in Remittance

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  1. YES MONEY - Innovation in Remittance

  2. 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 • 15,930 Branches • 740 Cities • 51% repeat users • 45% transactions in “Post Banking hours”

  3. The Potential Remittance Market of INR 1.2 K Bn Limited Bank Branches Limited Banking Hours Unlimited Potential Biz Cash INR 17 K Bn Do More with Less!

  4. 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”

  5. The Program Design Business correspondent network Beneficiary Banks YES BANK Corporate Net banking Platform Business Correspondent Business Correspondent Business Correspondent Business Correspondent And more…… Customer Customer Customer Customer Customer Customer Customer BACK 5

  6. The Seasonality

  7. Growing......

  8. Gut feel Validation

  9. The Remittance Bridge Customers Customers BC Agents BC Agents BC Partner 1 BC Partner 2 BC Partner 3 BC Partner 4 BC Partner 5 REMITTANCE BRIDGE Bene Banks RBI Settlement

  10. Thank You

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