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• Malaysia – First developing country deployment and roll out of micro-transaction terminals. Malaysia is the 2nd largest remittance-sender country amongst developing countries with ~2.4 million migrants remitting $6.8 billion annually. Binding order received from distributors in July 2011 for 3,000 terminals in Malaysia over the next 6 months (valued at ~ USD$5M).
• Opening new markets in Asia (discussions underway in Indonesia, Singapore, Hong Kong and Vietnam markets)
• Opportunity to scale globally through the development of other major migrant and poorly banked markets such as the Middle East, Europe, Latin America and Africa
• Advanced discussions with leading microfinance cooperatives in one of the most vibrant microfinance countries in the world for the use of Intermoni’s micro-transaction terminals for the repayment of micro-loans.
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