FRIPrepaid virtual debit Card and Payment Gateway System

The crime index of Guatemala for this year is 85.13 (Crime Levels up to 50 are reasonable, and crime index levels closer to 100 are too high.

There’s an overcrowded access to the bank and the bank lines (There is 16 bank access points for every 10,000 people) Guatemala has a population of 16 million people and less than 10% has a credit card. Must people uses cash only.

When you use a debit card many of the stores charged you with an additional 5% of your payment. It’s very common that banks charged you with not authorised fees. (like account management, debit card use, online banking user, etc.)

74.5% of the population works on informal economy and has no access to accept credit/debit card in their business CASH ONLY!

The Problem

It doesn’t matter WHO makes a money transaction with a credit/debit card…

…It doesn’t matter WHERE does he or she made the transaction…

…It doesn’t matter WHICH credit/debit card does he use or to which bank does that credit/debit card belongs to…

And… it doesn’t matter because is always Visa or Master Card who approves the transaction.

74.5% Guatemalan population is unbanked and works in informal economy.

FRI is a prepaid virtual debit card designed with the idea of facilitate money exchange between unbanked users and to be used as a payment gateway system (like Visa or Master Card) in any kind of business (Banked or unbanked).

We want to be the next visa

The Idea

Innovation

Quality

CustomisationFriendly

Core ValueFRI is a product which was designed with the unbanked population in mind. The service e n a b l e s m o b i l e p a y m e n t s , transfers, cash withdrawals and balance inquiries via their mobile phone and better yet doesn’t require the user to have a relationship with a financial institution

FRI is designed to help anyone who does not have formal access to financial services and to help a Segment of users who have some access to financial services (e.g. a bank account) and consumers who have limited or no traditional credit history.

Where does FRI can be used

FRI can be used to make any kind of transactions you want, whenever you want and wherever you want. It works almost as a virtual bank.

We want to increase the financial inclusion of Guatemala and Central America.

Bills and Services Payment

1

Receive money from unbanked and banked Users

2

3

Transfer money to unbanked and banked Users

Business POS (stores and web) 4

How does FRI works

Price Table

Bills and Services Payment

Receive money from unbanked and banked Users

Transfer money to unbanked and banked Users

Business POS (stores and web)

$0.04

$0.20

FREE

$0.35

The user doesn’t need to have a credit/debit card or a bank account (informal economy and inclusive business) to make or

receive a payment

It can be use as a gateway payment system as well as

a direct payment among users.

FRI can reach any economy level user

(Botton of the pyramid)

FRI helps to activate the economy by letting people

shop or transfer money 24/7

FRI saves time, effort and money and attempts to

reduce robbery because the user does not carry

cash

Some Benefits of FRI

Our Team

Boris LemusCEO

H e i s t h e administrator and planner of FRI He has over 10 years experience as entrepreneur

She is responsable of recruiting business to use FRI as a payment gateway system

Karin HernándezAffiliations

Ronaldo RivasTechnology

He is the responsable of the development of FRI. He has +15 years of experience in POS software development