# PAMP Remit PAMP Remit is the cross-border remittance subsidiary within the Fintech Division, enabling affordable and fast money transfers between African countries and from the diaspora into Africa. Built on top of PAMP Wallet and PAMP Treasury infrastructure, Remit provides competitive FX rates by leveraging the ecosystem's existing multi-currency liquidity pools and settlement rails. The platform targets both intra-African corridors (e.g., South Africa → Zimbabwe, Nigeria → Ghana) and diaspora corridors (e.g., UK → Kenya, US → Nigeria). Remittances represent one of Africa's largest financial flows — exceeding foreign direct investment in many countries — and PAMP Remit aims to capture share by offering lower fees, faster settlement, and seamless integration with the PAMP Wallet for last-mile delivery. ## Business Model PAMP Remit operates an **FX spread + flat fee model**: - **FX Spread**: 0.5–2.0% markup on mid-market exchange rates (primary revenue driver), varying by corridor liquidity - **Flat Transfer Fee**: $1.50–$4.00 per transaction depending on corridor and amount - **Premium Speed Fees**: Additional $1.00–$2.00 for instant delivery (vs. standard T+1) - **Cash-Out Commissions**: Revenue share with agent network partners for physical cash pickup - **B2B Bulk Transfers**: Discounted rates for businesses making regular cross-border payments (payroll, supplier payments) (Wallet-to-Wallet)"] WEB["Web Portal"] AGENT_IN["Send Agent
(Cash-In)"] BANK_IN["Bank Transfer"] end subgraph "PAMP Remit Engine" FX["FX Rate Engine
(via Treasury)"] COMPLY["Compliance
(AML/KYC/Sanctions)"] ROUTE["Corridor Routing
& Optimization"] SETTLE["Settlement
& Reconciliation"] end subgraph "Receive Channels" WALLET_OUT["PAMP Wallet
(Instant)"] MM_OUT["Mobile Money
(M-Pesa, MoMo)"] BANK_OUT["Bank Deposit"] AGENT_OUT["Cash Pickup
Agent"] end APP --> FX WEB --> FX AGENT_IN --> FX BANK_IN --> FX FX --> COMPLY COMPLY --> ROUTE ROUTE --> SETTLE SETTLE --> WALLET_OUT SETTLE --> MM_OUT SETTLE --> BANK_OUT SETTLE --> AGENT_OUT style FX fill:#f59e0b,stroke:#d97706,color:#fff style COMPLY fill:#ef4444,stroke:#dc2626,color:#fff style ROUTE fill:#3b82f6,stroke:#2563eb,color:#fff `} /> ## Total Addressable Market (TAM) ## Pricing Structure **Pricing Advantage**: The industry average cost for sending $200 to Africa is 7.9%. PAMP Remit targets 1.3–3.5% total cost — a 50–80% reduction enabled by ecosystem FX liquidity and wallet-based delivery. ## Operating Model - **FX Rate Engine**: Real-time rates sourced from PAMP Treasury, which aggregates liquidity from banking partners and interbank markets - **Corridor Routing**: Intelligent routing selects the lowest-cost settlement path per corridor (direct bank, mobile money, or wallet) - **Compliance Engine**: Automated AML/KYC screening, sanctions list checking (OFAC, EU, UN), and suspicious activity monitoring on every transfer - **Settlement**: Pre-funded liquidity pools in each destination currency enable same-day or instant delivery - **Payout Network**: PAMP Wallet (instant), mobile money (M-Pesa, MTN MoMo), bank deposit, and cash pickup via agent partners - **Diaspora Channels**: Web portal and mobile app for diaspora senders in UK, US, EU, and UAE ## Regulatory Notes | Market | Regulatory Body | Key Requirements | |--------|----------------|------------------| | South Africa | SARB, FSCA | Authorized Dealer with Limited Authority (ADLA) license for cross-border FX, FICA compliance | | Nigeria | CBN | International Money Transfer Operator (IMTO) license, CBN FX regulations | | Kenya | CBK | Money Remittance Provider license, Central Bank of Kenya regulations | | Morocco | BAM, Office des Changes | Foreign exchange authorization, Office des Changes reporting requirements | | DRC | BCC | Foreign exchange dealer authorization, BCC reporting | | Senegal | BCEAO | WAEMU payment institution license, BCEAO cross-border transfer regulations | | Ghana | BoG | Money Transfer Business license, Bank of Ghana FX regulations | **Cross-Border Compliance**: Each corridor requires bilateral regulatory approval. PAMP Remit maintains compliance with both sending and receiving country regulations, including transaction reporting thresholds, source-of-funds documentation, and beneficiary verification. ## SWOT Analysis ## Competitive Positioning ## KPI Dashboard