IMTC Miami Conference - Social Media and Remittances - Michael Kent
1. Social Media and Remittances
Michael Kent, CEO - Azimo
November 7th, 2013
2. Azimo is the Re-Imagination of Cross
Border Consumer Payments
Then
Expensive, Slow, Inconvenient
and High Exception,
Now
Low Cost, Fast, Easy,
and Efficient
3. Automated low costs, fast, convenient and secure
transfers, any-time, any-device to 190+ countries
Top Corridors
SWIFT
Cardless
ATM
4. “There’s going to be an opportunity over the next five
years or so to pick any industry and rethink it in a
social way… we think that every industry is going to
be fundamentally re-thought and designed around
people.”
Mark Zuckerberg – October 2010
5. UK Money Transfer Customer Survey – Jan 2012
2,000 respondents
• 43% have internet enabled Smart Phone
• 67% have Facebook account
• 59% would try an internet / mobile service
6. There are 1.1bn+ Facebook users with huge
populations in both send and receive countries
Send
1
6
9
10
11
13
15
17
19
20
Country
United States
United Kingdom
France
Germany
Italy
Canada
Spain
Japan
Malaysia
Taiwan
FB Users
Millions
166
33
26
25
23
18
18
17
14
13
Receive
% Pop
FB Users
53%
52%
39%
31%
38%
53%
37%
14%
47%
57%
3
4
5
7
8
12
14
16
18
Country
Brazil
Indonesia
Mexico
Turkey
Philippines
Argentina
Thailand
Colombia
Bangladesh
FB Users
Millions
63
59
51
38
32
30
20
18
17
% Pop
FB Users
5%
30%
21%
33%
40%
29%
48%
26%
38%