The ModeFinServer mobile remittance solution allows customers to securely send money instantly from their bank accounts to other accounts or for cash pickup via mobile phones or through agents. The platform supports domestic and international money transfers between individuals as well as bank partnerships with other financial institutions. Key benefits include real-time funds transfer, flexible connectivity options, multiple receiving methods, global operations, and an expanded customer base.

1. © ModeFinServer | www.modefinserver.com India | Kenya | Bahrain
ModeFinServer
m-Remittance Solution

2. © ModeFinServer | www.modefinserver.com India | Kenya | Bahrain
ModeFinServer Solution Overview
 Mobile Remittance platform will enables flexible remittance service offering
enormous potential to open new business opportunities for banks. Your customers
can send money securely and instantly from their comfort using mobile phones
either:
 From their bank account to the receiver’s account, or,
 From their bank account to an unregistered customer, who collects the remittance in cash
either at an authorized agent or, an ATM, or,
 Send cash via an authorized agent, with the recipient also collecting cash at an authorized
agent, or, at an ATM
 The platform also supports an agent assisted remittance model wherein both sender
and receiver may not have or use their mobile phones. These Remittance Agents
make instant commissions, and their operation is fully managed by a feature
advance Agent Management Module.

3. © ModeFinServer | www.modefinserver.com India | Kenya | Bahrain
Eco-system

4. © ModeFinServer | www.modefinserver.com India | Kenya | Bahrain
Remittance Features
Remittance Features
 Person-to-Person domestic and international money transfer.
 Capture of necessary sender identification information to facilitate Regulatory
compliance and reporting.
 Direct interfaces to OFAC, Anti-Money Laundering and internal Risk/Fraud
engines.
 Storing of sending and receiving data to enable repetitive transactions.
 Receipt location summary information to assist agents and customers during
initiation.
 Summary and Detail reports for transaction and fee revenue reporting.
 Multi-channel: agent (teller, call center), online banking, mobile.
 Fixed and variable fee commission structures to support multiple pricing models

5. © ModeFinServer | www.modefinserver.com India | Kenya | Bahrain
Benefits
RemittanceBenefits
 Funds can be transferred in real-time to enable quick and efficient receipt of funds in minutes
 Administrative tools to help manage the straight-through
 Flow of these remittance payments end-to-end
 Flexible connectivity options with multiple remittance
 Partners and banking networks – (Banks can partner with MFI’s , Exchange house
& Post Offices etc.)
 Offers a broad array of payment methods for customer
 choices in receiving funds: cash, account, cards, etc.
 Operates in a global environment: cross-border, cross currency,
 multi-lingual, etc
 Expands the bank’s product set to reach a new and
 expanding customer demographic transactions

6. © ModeFinServer| Money on Demand – Your Mode of Payment© ModeFinServer | www.modefinserver.com India | Kenya | Bahrain
#269, 8th Main, Rajiv Gandhi Nagar, Nandini Layout, Bangalore– 560096 Tel: +91 80 2318 6383 email: info@modefinserver.com
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