Flow of Funds

USA

Liberia

Example: User from USA wants to send US$ 100 to

someone in Liberia

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They walk into a shop that sells Phone Calling Cards

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The Remitter, then proceeds to buy phone minute

cards. The amount he/she wants to send, is the
card(s) he will pick. In this case he will pick and pay
for the $ 100 calling card.

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User access a website, and registers

(providing their basic KYC information)

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To initiate a Remittance from US to Liberia, the user

fills out all of this information online, on either a
website, which could be running on a tablet or kiosk.
Information filled out is Beneficiary Information.

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Remitter

User then enters the Calling Card Number + PIN into

the system. This will be the $ amount that he wants
to transfer

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This information is checked in real-time from the

operators USA system and if the card is valid, the
amount is accepted by the system.

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Remitter

The system then informs him that $100 has been

credited and his transaction is good to go

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Remitter

The User accepts this information and a Transaction

ID number is generated for the User.

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Phone Operator

US MTO

The back-end system at phone operator will send

the transaction details (including remitter
information, beneficiary information, IP, $ Value,
Transaction ID, etc.) to MTOs Transaction
Management System.

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Phone Operator

MTO

Upon the settlement time-frame agreed, the money

will be transferred from Phone Operators Bank to
MTOs designated Bank Account. Thus completing
the transaction from Phone Operators side.

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MTO

Correspondent
MTO

MTO then transfers the money to the Correspondent

MTO (which already has access to the data where
the money has to be credited/delivered)

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US MTO then updates its database that the

transaction has been completed and notifies the
Remitter AND the Beneficiary.