Money Transfer
& Exchange Industry



Tourism Industry

Total Visitor Export 2017

• 1.3 billion International Arrivals

• Currency Exchange Required




Tourist Arrivals




Industry Size 2017

• International Education

• Labor Migration

• Labor Export

ZeroBank solves “Market 3-C Problems”

The current international money transfer and exchange industry typically depends on banking systems and MTOs.
However, these outdated-model businesses encounter many problems themselves, making them insufficient, sluggish, and costly.

International banks and global MTOs bear many kinds of cost due to their bulky, outdated, brick-and-mortar structures. For example, according to a recent research at Citi, the costs for maintaining legacy information systems, investing in new ones and paying IT staff, all adds up to account for 25% of a typical bank’s annual budget. Banks spend around $200 billion every year on IT, 80 percent of which – Citi estimates – is spent on maintenance & small evolution of legacy system. These costs translate into their excessive service fees.
Consequently, transferring money from the U.K. to China via WU systems, a customer bears two conversion rates with spreads (double expenses), in addition to high commission fees for the transaction.
Many banks with large network coverage are not involved in non-commercial transfers. However, although many banks and MTOs have developed strong networks, the money transfer industry in general falls well short of the entire market’s need, especially in remote areas where communities are small, and commercial activities are low.
Since the industry is heavily regulated by governments around the world, any banks involved in remittance transactions and all MTOs have to invest heavily to assure legal compliance, which in turn adds to the cost of their services. National banks in many countries are no longer licensing smaller MTOs, mostly due to problems concerning legal compliance, especially in the United States and the United Kingdom, where Anti Money Laundering (AML) law is strictly enforced. Legal costs are forcing more and more players out of this market space, leaving customers with less and less options.

Structure and fees:

ZeroBank headquarter controls the network of ZeroBank local offices around the world, and each local office controls the whole market it operates in, including all local agents and end-users. ZeroBank Headquarter -> Local Offices -> Local Agents & End-users Each transaction will has commission fee. The commission fee will paid by the End-user in cash (local currency), then it will redistributed to ZeroBank headquarter and all agents involved under ZBXXX form. The redistribution ratio is determined in each market case by case. Some factors will affect the ratio: -Distance between End-user and Agent -Special requirement(s) from End-user Overall, ZeroBank aims to keep the commission fee at around 2.5% - 3% for a standard transaction (1,000 USD and above). ZeroBank HQ may create rebate program(s) for new market to engage new customers and enlarge the user base.

Let’s see how does ZeroBank work?

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