Fastacash: Using Social Networks to Transfer Money

The video discusses the concept of enabling value sharing across social media and messaging channels, emphasizing the importance of regulatory partnerships. It highlights the growth potential in mobile and social payments, focusing on key remittance corridors like US to India and the Philippines. The aim is to create a social payment experience by integrating financial partners and leveraging mobile devices.

What is the primary vision discussed in the introduction of the video?

• To focus solely on Facebook and WhatsApp.

• To develop a new messaging app.

• To enable the movement of value across social networks.

• To create a new social media platform.

How does the company plan to address regulatory challenges?

• By avoiding international markets.

• By creating their own regulations.

• By partnering with financial institutions.

• By ignoring regulations.

What is meant by a 'social payment experience'?

• A payment system that is purely financial.

• A payment system integrated with social interactions.

• A system that does not require any regulations.

• A system that only works on social media.

What is the projected market size for mobile payments in 2015?

• $500 billion

• $700 billion

• $1 trillion

• $300 billion

Which two markets are being targeted for growth in mobile and social payments?

• Real estate and tourism

• Mobile payments and remittance

• Retail and healthcare

• Education and transportation

Which region is the largest receiver of international remittances?

• South America

• Asia

• Africa

• Europe

Which corridor is highlighted as having significant growth potential?

• US to India

• US to Canada

• US to Brazil

• US to Australia