MENSEK CARD
Safe, Efficient, Comprehensive
OVERVIEW
Card as a service for holly sites visitors. Not only do we transform unbankable immigrats to a profitable corporate account. We offer induction into one of the few islamic digital banking platforms.
SUMMARY
Our company increases the profitability of banks by taking on the least profitable customer segements, automating operations, increase the remittance wallet, and share revenue from microlending.
Problem
SANCTUM ENABLES LEADING TURKISH ISLAMIC BANKS TO ISSUE PRAPAID MENSEK CARD THAT WORK ANWHERE IN MECCA AND MEDINA AND OFFER COMPETITIVE FX +A SMOOTH TRANSITION TO ISLAMIC BANKING
Problem
MUSLIM VISITORS TO THE MUSLIM HOLLY SITES TAKE CASH WITH THEM IN ADDITION TO KSA REQUIRED DEPOSITS
Problem
CASH ISN'T SAFE THEY PAY HIGH AND SOMETIMES DOUBLE FX: LIRS>USD>SAR
SOLUTIONS
Recommendation 1
We offer a preapid card with FX and Acquiring
Recommendation 2
We offer islamic banking buy now pay later, and microloans
Recommendation 3
We offer salary payment disbursment & other islamic banking services.
STRUCTURE
Sanactum Services
- Partner up with local company
- Manage Master Account
- Manage user accounts, cards, wallets
- Manage FCC and reporting
- Manage data security
- Manage user Identity Management System
- Manage Card Management System
- Manage international user network
- Processing and settlement of payments
- Provides systems and hardware
Local Company Services to Client Bank
- Partners up with local banks
- Provide Master Account
- Manage enrollment and issuance of cards
- Provide customer service
- Enters KYC provide e-FCC and reporting
- Provide loan automation
- Manage Master Loan Book
- Provide data security, user security/biometrics
- Build acquirer network
- Finance venture
- Acquire license if needed
Full financial inclusion for Holly Sites Visitors
- Accounts / wallet / prepaid card
- Disbursement
- Loans
- Remittance
- Buy Now Pay Later
- Acquiring POS
- Acquiring Mobile Payments
- Acquiring Bill Pay
STRUCTURE
Mobile Network
3rd party suppliers
Cash Out Agents
ATM network
Foreign Exchange
Employers
Loan Book
Users
ISLAMIC
BANKING
SERVICES
AND
PRODUCTS
PRODUCTS (TO CUSTOMERS)
- Microloans
- Remittance
- BNPL
- An account
- Prepaid card
- Wallet
SERVICES (TO CLIENTS)
- Card management
- Automated compliance
- Automated loan disbursement
- Payroll disbursement
ROLES IN THE FINANCIAL ECOYSYSTEM
Issuing
Bank
Takes deposits ( debit ), Card printing, issuing, card sales
Acquirer Bank
Hold merchants accounts, debits/credits, based on instructions from acquirer services
Card
Holder
Uses card at cash out centers or retail merchants for cash or goods
Merchant Exchange
Office accepts card/ bill payments surrenders goods or cash
Scheme
Sets rules for issuance, acceptance, logo/branding and instructs processing
Settlement
Debits/credits issuer and acquirer banks , based on clearing files
Processing
Switches, clears, and settles transactions within system and between banks
Acquirer Service
Offers POS devices and account mgmt. services to merchants
GENERAL
CUSTOMER EXPERIENCE
Visit an Enrollment Center
Card Encoding
Visit an Biometric De-duplicationCenter
ID and Biometrics
Biometric card option for high risk markets
Use Card anywhere in Mecca and Medina
MENSEK CARD FOR HOLLY SITE VISITORS SAFER, BETTER FX RATE TARGET DSCOUNT 20%
Customers Deposit Home currency Money in Bank
Secured card
