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Payteller


Payteller provides revolutionary kiosk products

and services to the financial community for

all your consumer needs, resulting in unparalleled

convenience, time savings and money management. 

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Payteller


Payteller provides revolutionary kiosk products

and services to the financial community for

all your consumer needs, resulting in unparalleled

convenience, time savings and money management. 

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COMPANY


Payteller was founded in 2012 by executives with over 75 years of combined experience in the payments and kiosk industry sector, and is introducing a new and innovative way for consumers to perform financial transactions via self-service kiosks, mobile phones and online.  After serving in the payments and prepaid card industry for the past 17 years, Payteller founder, Yves Yon, identified a growing need for easier access to financial transactions and pursued an innovative self-service approach using kiosks and mobile technology. Combining expertise in software development, industrial kiosk design, marketing, finance and operations, Payteller kiosks provide an array of products and services with a customer service support team that is unmatched in the industry. 

Payteller’s multi-purpose transactional kiosks help cash based consumers such as blue collar and immigrant workers, tourists, foreigners residing in the States, students and the 70 million+ underserved and unbanked people of all nationalities. The Company is also developing a strategy for expanding its business into Latin America and the Caribbean.

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INDUSTRY


INDUSTRY


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INDUSTRY


The Underserved population is a significant market.  According to the Federal Deposit Insurance Corporation, (FDIC), nearly one-third of the U.S. population—over 80 million people—are under-served.   

Key Facts:

  • Unbanked – do not have bank accounts and generally use only Alternative Financial Service (AFS), providers such as check cashing establishments, retail stores and the like for financial transactions.
  • Underbanked - have a bank account, but also rely on AFS providers.
  • There are over 20.6 million under or unbanked Latino consumers in the U.S.  This market is more likely to prefer cash as their main method of payment, which means they must rely on alternative financial services for cash-based bill payment, reloading of pre-paid debit cards and other services.
  • According to Center for Financial Services Innovation (CFSI), 91% of the underserved population have a mobile phone and 57% of these consumers have smartphones.  Apps and other products aimed at the underserved are growing quickly.

Underserved consumers receives approximately $1 Trillion in income and makes $500 Billion in bill payments, translating to:

  • 900 million walk-in payments
  • $1.5 billion in transaction fees
  • A fractured market that has no clear alternative to check cashing stores and money orders
  • Prepaid debit cards continue to be more widely used among the underserved than among fully banked households. Overall one in ten households reported use of a prepaid debit card.
  • According to ConsumerReports.Org, prepaid cards are no longer just for people who don't have bank accounts. They're the fastest-growing payment method in the U.S., and they're attracting those who want to budget their spending.

 

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OPPORTUNITY


OPPORTUNITY


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OPPORTUNITY


Consumers who have neither bank accounts (the unbanked) nor incremental credit (the underbanked) represent the largest untapped market for financial services organizations. This “underserved” market represents more than 80 million individuals and nearly $1-trillion in wages, it is one of the fastest growing segments in any industry.

E-Bill Volume Is Growing. Potential Reach Is Large But Also Unrealized.

 

THE PAYTELLER SOLUTION

  • Offer a convenient 24-hour, secure, self-servicekiosk with integrated mobile technology that accepts cash.
  • Bring non-traditional financial services to convenient locations by installing kiosk technology
  • Offer faster, more convenient services at competitive prices.
  • Provide a compelling loyalty and promotions program to ensure frequent customer returns
  • Provide excellent 24/7 customer support that addresses the consumer’s pain points  

 

REVENUE FEATURES

Transactional Revenue - all bill pay, wireless refills, international long distance and other customized financial services.

Product Sales:

  • Sim cards
  • Prepaid debit card solutions through LimeXpress
  • Insurance products - Handset, Prepaid Legal, Subscription Medical

Advertising Revenue - Rich media digital advertising on overhead display complete with promotions and content management and reporting

Kiosk Branding - Custom skins with additional advertising panel space creates monthly, quarterly or annual additional income streams

For further description of the Payteller Kiosk solution, "Click Here

BENEFITS

Consumer

  • Convenient – Pay bills where consumers shop for groceries or buy fuel. No special trips
  • Fast – Bill payments, top-ups and ILD purchases take 30 seconds or less
  • Inexpensive – Most transactions are priced at or below retail
  • Interactive – Get text-based reminders, offers, discounts and coupons
  • Secure- industrial grade kiosks with a secure armored locking system that ensures cash is safe and secure
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Retailer

  • Increase store traffic – Locations report higher sales of unrelated products
  • Decrease costs – Move transaction labor from store clerks and customer service personnel
  • Enhance company image -  providing self-service technology shows progressive image and awareness of consumer’s needs for better customer service

Service Providers

  • Operational Efficiency –  Billers increase payments, decrease collections
  • Retention – Convenient prepaid cellular offerings decrease attrition rates for carriers
  • Targeted Updates – ILD providers can update offers and provide special promotions to drive burst revenue opportunities