SlideShare a Scribd company logo
1 of 11
Download to read offline
Ross Peat

Executive Chair and Chief Executive
     KlickEx Corporation Ltd
KlickEx
Currency exchange for everyone.
     Any where. Any time.


         Ross Peat
 CEO, KlickEx Corporation
         July 2011
Old Dog, New Trick Challenges
Fully resourced       DIY
Predictable       Scary/fun
OPM                   Tightarse
Linear            Non-linear
Mostly tactical       Mostly strategic
Local focus               Global focus
Profitable            Profit promises
Trends โ€“ Device Innovation
Trends โ€“ Service Innovation
Trends - Network Innovation




         2G
Interesting Numbers
โ€ข Worldwide currency exchange movements average USD4
  trillion daily (BIS 2010).
   โ€“ NZD and AUD total currency exchanges total USD 0.2B daily (3.8% of global
     turnover).
   โ€“ USD/EUR currency pair trades total USD1,100B daily (28% of global turnover)
   โ€“ USD/GBP currency pair trades total USD360B daily (9% of global turnover)
   โ€“ EUR/GBP currency pair trades total USD109B daily (3% of global turnover)
โ€ข The Pacific Island remittance corridor (A/NZ/US to Pacific
  Islands) is very expensive by global standards โ€“ in 2008
  USD470M remittances attracted USD90M in
  fees/commissions.
(Very) Interesting Innovation




                      โ€ข   Internet and mobile based
                      โ€ข   Community oriented
                      โ€ข   Personalised
                      โ€ข   Low cost, no TT fees
Innovation Outcomes
Thank you!

ross.peat@klickex.com
Ross Peat

More Related Content

More from The IceHouse

Grant Ryan
Grant RyanGrant Ryan
Grant RyanThe IceHouse
ย 
Peter Crisp
Peter CrispPeter Crisp
Peter CrispThe IceHouse
ย 
Mike Carden
Mike CardenMike Carden
Mike CardenThe IceHouse
ย 
Dr Tom Mulholland
Dr Tom MulhollandDr Tom Mulholland
Dr Tom MulhollandThe IceHouse
ย 
Dr Sue Watson
Dr Sue WatsonDr Sue Watson
Dr Sue WatsonThe IceHouse
ย 
Dr Sean Simpson
Dr Sean SimpsonDr Sean Simpson
Dr Sean SimpsonThe IceHouse
ย 
Chris Jones
Chris JonesChris Jones
Chris JonesThe IceHouse
ย 
Andrew Harmos
Andrew HarmosAndrew Harmos
Andrew HarmosThe IceHouse
ย 
Sir Ray Avery
Sir Ray AverySir Ray Avery
Sir Ray AveryThe IceHouse
ย 
Murray Bain
Murray BainMurray Bain
Murray BainThe IceHouse
ย 
Melissa Clark-Reynolds
Melissa Clark-ReynoldsMelissa Clark-Reynolds
Melissa Clark-ReynoldsThe IceHouse
ย 
Mark Britt
Mark BrittMark Britt
Mark BrittThe IceHouse
ย 
Fady Mishriki
Fady MishrikiFady Mishriki
Fady MishrikiThe IceHouse
ย 
Mr Fukutake
Mr FukutakeMr Fukutake
Mr FukutakeThe IceHouse
ย 
The IceHouse - 7 Key Reflections
The IceHouse - 7 Key ReflectionsThe IceHouse - 7 Key Reflections
The IceHouse - 7 Key ReflectionsThe IceHouse
ย 
The Capital Food Chain for Entrepeneurs - University of Auckland Presentation
The Capital Food Chain for Entrepeneurs - University of Auckland PresentationThe Capital Food Chain for Entrepeneurs - University of Auckland Presentation
The Capital Food Chain for Entrepeneurs - University of Auckland PresentationThe IceHouse
ย 

More from The IceHouse (16)

Grant Ryan
Grant RyanGrant Ryan
Grant Ryan
ย 
Peter Crisp
Peter CrispPeter Crisp
Peter Crisp
ย 
Mike Carden
Mike CardenMike Carden
Mike Carden
ย 
Dr Tom Mulholland
Dr Tom MulhollandDr Tom Mulholland
Dr Tom Mulholland
ย 
Dr Sue Watson
Dr Sue WatsonDr Sue Watson
Dr Sue Watson
ย 
Dr Sean Simpson
Dr Sean SimpsonDr Sean Simpson
Dr Sean Simpson
ย 
Chris Jones
Chris JonesChris Jones
Chris Jones
ย 
Andrew Harmos
Andrew HarmosAndrew Harmos
Andrew Harmos
ย 
Sir Ray Avery
Sir Ray AverySir Ray Avery
Sir Ray Avery
ย 
Murray Bain
Murray BainMurray Bain
Murray Bain
ย 
Melissa Clark-Reynolds
Melissa Clark-ReynoldsMelissa Clark-Reynolds
Melissa Clark-Reynolds
ย 
Mark Britt
Mark BrittMark Britt
Mark Britt
ย 
Fady Mishriki
Fady MishrikiFady Mishriki
Fady Mishriki
ย 
Mr Fukutake
Mr FukutakeMr Fukutake
Mr Fukutake
ย 
The IceHouse - 7 Key Reflections
The IceHouse - 7 Key ReflectionsThe IceHouse - 7 Key Reflections
The IceHouse - 7 Key Reflections
ย 
The Capital Food Chain for Entrepeneurs - University of Auckland Presentation
The Capital Food Chain for Entrepeneurs - University of Auckland PresentationThe Capital Food Chain for Entrepeneurs - University of Auckland Presentation
The Capital Food Chain for Entrepeneurs - University of Auckland Presentation
ย 

Recently uploaded

โžฅ๐Ÿ” 7737669865 ๐Ÿ”โ–ป Malda Call-girls in Women Seeking Men ๐Ÿ”Malda๐Ÿ” Escorts Ser...
โžฅ๐Ÿ” 7737669865 ๐Ÿ”โ–ป Malda Call-girls in Women Seeking Men  ๐Ÿ”Malda๐Ÿ”   Escorts Ser...โžฅ๐Ÿ” 7737669865 ๐Ÿ”โ–ป Malda Call-girls in Women Seeking Men  ๐Ÿ”Malda๐Ÿ”   Escorts Ser...
โžฅ๐Ÿ” 7737669865 ๐Ÿ”โ–ป Malda Call-girls in Women Seeking Men ๐Ÿ”Malda๐Ÿ” Escorts Ser...amitlee9823
ย 
Vip Call US ๐Ÿ“ž 7738631006 โœ…Call Girls In Sakinaka ( Mumbai )
Vip Call US ๐Ÿ“ž 7738631006 โœ…Call Girls In Sakinaka ( Mumbai )Vip Call US ๐Ÿ“ž 7738631006 โœ…Call Girls In Sakinaka ( Mumbai )
Vip Call US ๐Ÿ“ž 7738631006 โœ…Call Girls In Sakinaka ( Mumbai )Pooja Nehwal
ย 
Pension dashboards forum 1 May 2024 (1).pdf
Pension dashboards forum 1 May 2024 (1).pdfPension dashboards forum 1 May 2024 (1).pdf
Pension dashboards forum 1 May 2024 (1).pdfHenry Tapper
ย 
Kopar Khairane Russian Call Girls Number-9833754194-Navi Mumbai Fantastic Unl...
Kopar Khairane Russian Call Girls Number-9833754194-Navi Mumbai Fantastic Unl...Kopar Khairane Russian Call Girls Number-9833754194-Navi Mumbai Fantastic Unl...
Kopar Khairane Russian Call Girls Number-9833754194-Navi Mumbai Fantastic Unl...priyasharma62062
ย 
Business Principles, Tools, and Techniques in Participating in Various Types...
Business Principles, Tools, and Techniques  in Participating in Various Types...Business Principles, Tools, and Techniques  in Participating in Various Types...
Business Principles, Tools, and Techniques in Participating in Various Types...jeffreytingson
ย 
VIP Independent Call Girls in Mumbai ๐ŸŒน 9920725232 ( Call Me ) Mumbai Escorts ...
VIP Independent Call Girls in Mumbai ๐ŸŒน 9920725232 ( Call Me ) Mumbai Escorts ...VIP Independent Call Girls in Mumbai ๐ŸŒน 9920725232 ( Call Me ) Mumbai Escorts ...
VIP Independent Call Girls in Mumbai ๐ŸŒน 9920725232 ( Call Me ) Mumbai Escorts ...dipikadinghjn ( Why You Choose Us? ) Escorts
ย 
Vasai-Virar High Profile Model Call Girls๐Ÿ“ž9833754194-Nalasopara Satisfy Call ...
Vasai-Virar High Profile Model Call Girls๐Ÿ“ž9833754194-Nalasopara Satisfy Call ...Vasai-Virar High Profile Model Call Girls๐Ÿ“ž9833754194-Nalasopara Satisfy Call ...
Vasai-Virar High Profile Model Call Girls๐Ÿ“ž9833754194-Nalasopara Satisfy Call ...priyasharma62062
ย 
Webinar on E-Invoicing for Fintech Belgium
Webinar on E-Invoicing for Fintech BelgiumWebinar on E-Invoicing for Fintech Belgium
Webinar on E-Invoicing for Fintech BelgiumFinTech Belgium
ย 
VIP Call Girl in Mumbai ๐Ÿ’ง 9920725232 ( Call Me ) Get A New Crush Everyday Wit...
VIP Call Girl in Mumbai ๐Ÿ’ง 9920725232 ( Call Me ) Get A New Crush Everyday Wit...VIP Call Girl in Mumbai ๐Ÿ’ง 9920725232 ( Call Me ) Get A New Crush Everyday Wit...
VIP Call Girl in Mumbai ๐Ÿ’ง 9920725232 ( Call Me ) Get A New Crush Everyday Wit...dipikadinghjn ( Why You Choose Us? ) Escorts
ย 
Q1 2024 Conference Call Presentation vF.pdf
Q1 2024 Conference Call Presentation vF.pdfQ1 2024 Conference Call Presentation vF.pdf
Q1 2024 Conference Call Presentation vF.pdfAdnet Communications
ย 
Stock Market Brief Deck (Under Pressure).pdf
Stock Market Brief Deck (Under Pressure).pdfStock Market Brief Deck (Under Pressure).pdf
Stock Market Brief Deck (Under Pressure).pdfMichael Silva
ย 
VIP Kalyan Call Girls ๐ŸŒ 9920725232 ๐ŸŒ Make Your Dreams Come True With Mumbai E...
VIP Kalyan Call Girls ๐ŸŒ 9920725232 ๐ŸŒ Make Your Dreams Come True With Mumbai E...VIP Kalyan Call Girls ๐ŸŒ 9920725232 ๐ŸŒ Make Your Dreams Come True With Mumbai E...
VIP Kalyan Call Girls ๐ŸŒ 9920725232 ๐ŸŒ Make Your Dreams Come True With Mumbai E...roshnidevijkn ( Why You Choose Us? ) Escorts
ย 
Diva-Thane European Call Girls Number-9833754194-Diva Busty Professional Call...
Diva-Thane European Call Girls Number-9833754194-Diva Busty Professional Call...Diva-Thane European Call Girls Number-9833754194-Diva Busty Professional Call...
Diva-Thane European Call Girls Number-9833754194-Diva Busty Professional Call...priyasharma62062
ย 
call girls in Sant Nagar (DELHI) ๐Ÿ” >เผ’9953056974 ๐Ÿ” genuine Escort Service ๐Ÿ”โœ”๏ธโœ”๏ธ
call girls in Sant Nagar (DELHI) ๐Ÿ” >เผ’9953056974 ๐Ÿ” genuine Escort Service ๐Ÿ”โœ”๏ธโœ”๏ธcall girls in Sant Nagar (DELHI) ๐Ÿ” >เผ’9953056974 ๐Ÿ” genuine Escort Service ๐Ÿ”โœ”๏ธโœ”๏ธ
call girls in Sant Nagar (DELHI) ๐Ÿ” >เผ’9953056974 ๐Ÿ” genuine Escort Service ๐Ÿ”โœ”๏ธโœ”๏ธ9953056974 Low Rate Call Girls In Saket, Delhi NCR
ย 
(Sexy Sheela) Call Girl Mumbai Call Now ๐Ÿ‘‰9920725232๐Ÿ‘ˆ Mumbai Escorts 24x7
(Sexy Sheela) Call Girl Mumbai Call Now ๐Ÿ‘‰9920725232๐Ÿ‘ˆ Mumbai Escorts 24x7(Sexy Sheela) Call Girl Mumbai Call Now ๐Ÿ‘‰9920725232๐Ÿ‘ˆ Mumbai Escorts 24x7
(Sexy Sheela) Call Girl Mumbai Call Now ๐Ÿ‘‰9920725232๐Ÿ‘ˆ Mumbai Escorts 24x7jayawati511
ย 
VIP Call Girl in Mumbai Central ๐Ÿ’ง 9920725232 ( Call Me ) Get A New Crush Ever...
VIP Call Girl in Mumbai Central ๐Ÿ’ง 9920725232 ( Call Me ) Get A New Crush Ever...VIP Call Girl in Mumbai Central ๐Ÿ’ง 9920725232 ( Call Me ) Get A New Crush Ever...
VIP Call Girl in Mumbai Central ๐Ÿ’ง 9920725232 ( Call Me ) Get A New Crush Ever...dipikadinghjn ( Why You Choose Us? ) Escorts
ย 
cost-volume-profit analysis.ppt(managerial accounting).pptx
cost-volume-profit analysis.ppt(managerial accounting).pptxcost-volume-profit analysis.ppt(managerial accounting).pptx
cost-volume-profit analysis.ppt(managerial accounting).pptxazadalisthp2020i
ย 
Airport Road Best Experience Call Girls Number-๐Ÿ“ž๐Ÿ“ž9833754194 Santacruz MOst Es...
Airport Road Best Experience Call Girls Number-๐Ÿ“ž๐Ÿ“ž9833754194 Santacruz MOst Es...Airport Road Best Experience Call Girls Number-๐Ÿ“ž๐Ÿ“ž9833754194 Santacruz MOst Es...
Airport Road Best Experience Call Girls Number-๐Ÿ“ž๐Ÿ“ž9833754194 Santacruz MOst Es...priyasharma62062
ย 
Call Girls Service Pune โ‚น7.5k Pick Up & Drop With Cash Payment 9352852248 Cal...
Call Girls Service Pune โ‚น7.5k Pick Up & Drop With Cash Payment 9352852248 Cal...Call Girls Service Pune โ‚น7.5k Pick Up & Drop With Cash Payment 9352852248 Cal...
Call Girls Service Pune โ‚น7.5k Pick Up & Drop With Cash Payment 9352852248 Cal...roshnidevijkn ( Why You Choose Us? ) Escorts
ย 
Kharghar Blowjob Housewife Call Girls NUmber-9833754194-CBD Belapur Internati...
Kharghar Blowjob Housewife Call Girls NUmber-9833754194-CBD Belapur Internati...Kharghar Blowjob Housewife Call Girls NUmber-9833754194-CBD Belapur Internati...
Kharghar Blowjob Housewife Call Girls NUmber-9833754194-CBD Belapur Internati...priyasharma62062
ย 

Recently uploaded (20)

โžฅ๐Ÿ” 7737669865 ๐Ÿ”โ–ป Malda Call-girls in Women Seeking Men ๐Ÿ”Malda๐Ÿ” Escorts Ser...
โžฅ๐Ÿ” 7737669865 ๐Ÿ”โ–ป Malda Call-girls in Women Seeking Men  ๐Ÿ”Malda๐Ÿ”   Escorts Ser...โžฅ๐Ÿ” 7737669865 ๐Ÿ”โ–ป Malda Call-girls in Women Seeking Men  ๐Ÿ”Malda๐Ÿ”   Escorts Ser...
โžฅ๐Ÿ” 7737669865 ๐Ÿ”โ–ป Malda Call-girls in Women Seeking Men ๐Ÿ”Malda๐Ÿ” Escorts Ser...
ย 
Vip Call US ๐Ÿ“ž 7738631006 โœ…Call Girls In Sakinaka ( Mumbai )
Vip Call US ๐Ÿ“ž 7738631006 โœ…Call Girls In Sakinaka ( Mumbai )Vip Call US ๐Ÿ“ž 7738631006 โœ…Call Girls In Sakinaka ( Mumbai )
Vip Call US ๐Ÿ“ž 7738631006 โœ…Call Girls In Sakinaka ( Mumbai )
ย 
Pension dashboards forum 1 May 2024 (1).pdf
Pension dashboards forum 1 May 2024 (1).pdfPension dashboards forum 1 May 2024 (1).pdf
Pension dashboards forum 1 May 2024 (1).pdf
ย 
Kopar Khairane Russian Call Girls Number-9833754194-Navi Mumbai Fantastic Unl...
Kopar Khairane Russian Call Girls Number-9833754194-Navi Mumbai Fantastic Unl...Kopar Khairane Russian Call Girls Number-9833754194-Navi Mumbai Fantastic Unl...
Kopar Khairane Russian Call Girls Number-9833754194-Navi Mumbai Fantastic Unl...
ย 
Business Principles, Tools, and Techniques in Participating in Various Types...
Business Principles, Tools, and Techniques  in Participating in Various Types...Business Principles, Tools, and Techniques  in Participating in Various Types...
Business Principles, Tools, and Techniques in Participating in Various Types...
ย 
VIP Independent Call Girls in Mumbai ๐ŸŒน 9920725232 ( Call Me ) Mumbai Escorts ...
VIP Independent Call Girls in Mumbai ๐ŸŒน 9920725232 ( Call Me ) Mumbai Escorts ...VIP Independent Call Girls in Mumbai ๐ŸŒน 9920725232 ( Call Me ) Mumbai Escorts ...
VIP Independent Call Girls in Mumbai ๐ŸŒน 9920725232 ( Call Me ) Mumbai Escorts ...
ย 
Vasai-Virar High Profile Model Call Girls๐Ÿ“ž9833754194-Nalasopara Satisfy Call ...
Vasai-Virar High Profile Model Call Girls๐Ÿ“ž9833754194-Nalasopara Satisfy Call ...Vasai-Virar High Profile Model Call Girls๐Ÿ“ž9833754194-Nalasopara Satisfy Call ...
Vasai-Virar High Profile Model Call Girls๐Ÿ“ž9833754194-Nalasopara Satisfy Call ...
ย 
Webinar on E-Invoicing for Fintech Belgium
Webinar on E-Invoicing for Fintech BelgiumWebinar on E-Invoicing for Fintech Belgium
Webinar on E-Invoicing for Fintech Belgium
ย 
VIP Call Girl in Mumbai ๐Ÿ’ง 9920725232 ( Call Me ) Get A New Crush Everyday Wit...
VIP Call Girl in Mumbai ๐Ÿ’ง 9920725232 ( Call Me ) Get A New Crush Everyday Wit...VIP Call Girl in Mumbai ๐Ÿ’ง 9920725232 ( Call Me ) Get A New Crush Everyday Wit...
VIP Call Girl in Mumbai ๐Ÿ’ง 9920725232 ( Call Me ) Get A New Crush Everyday Wit...
ย 
Q1 2024 Conference Call Presentation vF.pdf
Q1 2024 Conference Call Presentation vF.pdfQ1 2024 Conference Call Presentation vF.pdf
Q1 2024 Conference Call Presentation vF.pdf
ย 
Stock Market Brief Deck (Under Pressure).pdf
Stock Market Brief Deck (Under Pressure).pdfStock Market Brief Deck (Under Pressure).pdf
Stock Market Brief Deck (Under Pressure).pdf
ย 
VIP Kalyan Call Girls ๐ŸŒ 9920725232 ๐ŸŒ Make Your Dreams Come True With Mumbai E...
VIP Kalyan Call Girls ๐ŸŒ 9920725232 ๐ŸŒ Make Your Dreams Come True With Mumbai E...VIP Kalyan Call Girls ๐ŸŒ 9920725232 ๐ŸŒ Make Your Dreams Come True With Mumbai E...
VIP Kalyan Call Girls ๐ŸŒ 9920725232 ๐ŸŒ Make Your Dreams Come True With Mumbai E...
ย 
Diva-Thane European Call Girls Number-9833754194-Diva Busty Professional Call...
Diva-Thane European Call Girls Number-9833754194-Diva Busty Professional Call...Diva-Thane European Call Girls Number-9833754194-Diva Busty Professional Call...
Diva-Thane European Call Girls Number-9833754194-Diva Busty Professional Call...
ย 
call girls in Sant Nagar (DELHI) ๐Ÿ” >เผ’9953056974 ๐Ÿ” genuine Escort Service ๐Ÿ”โœ”๏ธโœ”๏ธ
call girls in Sant Nagar (DELHI) ๐Ÿ” >เผ’9953056974 ๐Ÿ” genuine Escort Service ๐Ÿ”โœ”๏ธโœ”๏ธcall girls in Sant Nagar (DELHI) ๐Ÿ” >เผ’9953056974 ๐Ÿ” genuine Escort Service ๐Ÿ”โœ”๏ธโœ”๏ธ
call girls in Sant Nagar (DELHI) ๐Ÿ” >เผ’9953056974 ๐Ÿ” genuine Escort Service ๐Ÿ”โœ”๏ธโœ”๏ธ
ย 
(Sexy Sheela) Call Girl Mumbai Call Now ๐Ÿ‘‰9920725232๐Ÿ‘ˆ Mumbai Escorts 24x7
(Sexy Sheela) Call Girl Mumbai Call Now ๐Ÿ‘‰9920725232๐Ÿ‘ˆ Mumbai Escorts 24x7(Sexy Sheela) Call Girl Mumbai Call Now ๐Ÿ‘‰9920725232๐Ÿ‘ˆ Mumbai Escorts 24x7
(Sexy Sheela) Call Girl Mumbai Call Now ๐Ÿ‘‰9920725232๐Ÿ‘ˆ Mumbai Escorts 24x7
ย 
VIP Call Girl in Mumbai Central ๐Ÿ’ง 9920725232 ( Call Me ) Get A New Crush Ever...
VIP Call Girl in Mumbai Central ๐Ÿ’ง 9920725232 ( Call Me ) Get A New Crush Ever...VIP Call Girl in Mumbai Central ๐Ÿ’ง 9920725232 ( Call Me ) Get A New Crush Ever...
VIP Call Girl in Mumbai Central ๐Ÿ’ง 9920725232 ( Call Me ) Get A New Crush Ever...
ย 
cost-volume-profit analysis.ppt(managerial accounting).pptx
cost-volume-profit analysis.ppt(managerial accounting).pptxcost-volume-profit analysis.ppt(managerial accounting).pptx
cost-volume-profit analysis.ppt(managerial accounting).pptx
ย 
Airport Road Best Experience Call Girls Number-๐Ÿ“ž๐Ÿ“ž9833754194 Santacruz MOst Es...
Airport Road Best Experience Call Girls Number-๐Ÿ“ž๐Ÿ“ž9833754194 Santacruz MOst Es...Airport Road Best Experience Call Girls Number-๐Ÿ“ž๐Ÿ“ž9833754194 Santacruz MOst Es...
Airport Road Best Experience Call Girls Number-๐Ÿ“ž๐Ÿ“ž9833754194 Santacruz MOst Es...
ย 
Call Girls Service Pune โ‚น7.5k Pick Up & Drop With Cash Payment 9352852248 Cal...
Call Girls Service Pune โ‚น7.5k Pick Up & Drop With Cash Payment 9352852248 Cal...Call Girls Service Pune โ‚น7.5k Pick Up & Drop With Cash Payment 9352852248 Cal...
Call Girls Service Pune โ‚น7.5k Pick Up & Drop With Cash Payment 9352852248 Cal...
ย 
Kharghar Blowjob Housewife Call Girls NUmber-9833754194-CBD Belapur Internati...
Kharghar Blowjob Housewife Call Girls NUmber-9833754194-CBD Belapur Internati...Kharghar Blowjob Housewife Call Girls NUmber-9833754194-CBD Belapur Internati...
Kharghar Blowjob Housewife Call Girls NUmber-9833754194-CBD Belapur Internati...
ย 

Ross Peat

  • 1. Ross Peat Executive Chair and Chief Executive KlickEx Corporation Ltd
  • 2. KlickEx Currency exchange for everyone. Any where. Any time. Ross Peat CEO, KlickEx Corporation July 2011
  • 3. Old Dog, New Trick Challenges Fully resourced DIY Predictable Scary/fun OPM Tightarse Linear Non-linear Mostly tactical Mostly strategic Local focus Global focus Profitable Profit promises
  • 6. Trends - Network Innovation 2G
  • 7. Interesting Numbers โ€ข Worldwide currency exchange movements average USD4 trillion daily (BIS 2010). โ€“ NZD and AUD total currency exchanges total USD 0.2B daily (3.8% of global turnover). โ€“ USD/EUR currency pair trades total USD1,100B daily (28% of global turnover) โ€“ USD/GBP currency pair trades total USD360B daily (9% of global turnover) โ€“ EUR/GBP currency pair trades total USD109B daily (3% of global turnover) โ€ข The Pacific Island remittance corridor (A/NZ/US to Pacific Islands) is very expensive by global standards โ€“ in 2008 USD470M remittances attracted USD90M in fees/commissions.
  • 8. (Very) Interesting Innovation โ€ข Internet and mobile based โ€ข Community oriented โ€ข Personalised โ€ข Low cost, no TT fees