Who would you consider as your competition and how you plan on beating them?
Hello!
Many companies which provide money remittance can be considered as competitors ( like Western Union, WorldRemit ). To respond to these competitors , users will be provided with:
- Lower money remittance fees than what compatible services offer.
- As low volatility as possible of the means of payment.
- Simplicity of conversion into other means of payment and B2C interaction, which implies:
Wide network of existing agents capable of cashing out a payment tool or, conversely, accepting cash in exchange for electronic money (more convenient to handle and/or to transport) Bank4YOU Group plans to develop the business in the countries with already formed market of mobile money, hence the expenses connected with creation of dealer and agency networks won’t incur.
Possibility of automatically converting one payment tool into another means of payment – mobile money and at electronic money.
Possibility of buying/selling goods and services using a means of payment
Micro-crediting system
