FIC EXCHANGE PLC

FINANCIAL INCLUSION CENTERS

12 , ALGIERS STREET , BEHIND SHOPRITE , WUSE ZONE 5 , ABUJA

There is poverty because

90% Nigerians have no access to a wide range

of financial services

– Central Bank of Nigeria

WHY ? - NO VERIFIED IDENTITY DATA ( NIMC )

- NO BACKGROUND INFORMATION ( BVN+ ) - NO LOCAL SERVICE POINTS ( FIC )

PAYMENTS SAVINGS LOANS MORTGAGE

PENSION INSURANCE LEASING MARKETS

MISSION STATEMENT

…to reduce Poverty in the Society by operating

PROFITABLE , PROFESSIONAL , DIGITAL

Financial Inclusion Centers that will provide a wide range of

financial and Value Added Services to their local community!

FIC EXCHANGE Plc

THE BUSINESS OPPORTUNITIES

OPERATING A FINANCIAL INCLUSION CENTER

OR DIGITAL MONEY AGENT

INSTANT ATM CARD ISSUANCE

ATM cards must be renewed every three years. Nigerian Banks issued over 20Million ATM cards in 2020.

With just 5,000 branches , they cannot cope

FIC has been mandated to manage the issuance of at least 6M instant ATM cards at qualified agent locations ,

The Target is to qualify 2 per ward across Nigeria.

Zenith Pays N250 for Account Opening N150 for ATM Cards GT pays N150 for Account Opening and N100 for ATM Cards

Other leading banks will soon join

The compulsory use of National Identity Law requires all businesses to verify the NIN of their staff and contains 77

Instances that the NIN must be verified

Schools , Hotels , Agencies ,landlords , hospitals , etc.

www.checkNIN.ng enables digital agents to provide NIN verification services to third parties

Cost per unit is N200 , Recommended charge is N500

IDENTITY VERIFICATION SERVICES

The CBN required the conduct of KYC and identity verification services for all business customers .

These services are conducted by trained agents for financial institutions and can attract decent earning from such agents

especially in rural and semi urban areas of the country.

Agents are paid N500 and N1500 per KYC Verification

CUSTOMER KYC / VERIFICATION

DIGITAL PAYMENTS ACTIVATION

The anticipated launch of the eNaira by the CBN is expected to create a new era of digital payments across Nigeria

Agents are important for Digital Money products like the

NQR Code to reach mass market in Nigeria Even small businesses will need to be digitally activated in

order to be a part of the new eNaira scheme

QR Code Issuance charge is between N500 and N1,000

DIGITAL FUTURE OF PAYMENTS

SOCIAL MEDIA ONLINE SHOPPING

COVID has created a new awareness for online shopping Small shops and businesses can now create their own online

store to serve their local community .

As a Digital Money Agent , you will be trained and provided with all the tools required to help local businesses setup

their own online shop for a token fee of up to N5,000.

There is opportunity to earn percentage of sales in future .

ONLINE COMPANY REGISTRATION

As businesses grow , the need for a registered business becomes more apparent especially to access loans .

CAC online company registration tool , enables FIC operators

to conduct registration for such businesses at a relatively affordable cost of between N5,000 and N20,000.

With the support of a dedicated legal team in FIC Abuja , such online registrations can be completed offline with

certificate issuance , TAX and VAT registration

JUMIA JFORCE PICKUP STATION

As a partner to JUMIA , FIC locations can place orders for any items online and receive commission on such items

Everyday items can now be purchased by small provision stores on JUMIA directly from major manufacturers and

distributors as well as electronic items and phones

Lots of businesses wish to order but don’t know how

Commission can be as much as 15% of purchase value

ALIBABA DIGITAL PARTNER

The ALIBABA Digital Economy platform integration has commenced and will enable verified Nigerian businesses

to buy and sell globally

The platform also offers other channels such as local business to business , wholesale distribution , fresh food and market day delivery platforms

Agent income is average 4% of transaction value

MICRO LOAN DISBURSEMENTS

The FG numerous micro loan disbursement schemes will intensify in preparation for the 2022/2023 election year.

The total portfolio size from various institutions both local

and international is in excess of one trillion naira.

Financial Inclusion Centers are uniquely positioned because of previous successful schemes by the promoters .

Average earning per loan facilitated is between 2% to 5%

NIPOST CBN SUCCESS

The CBN National Financial Inclusion strategy report on page 10 references a successful agent banking partnership

with One Network ( Financial Inclusion Centers ) using post offices across a state .

This project formed the basis for NIRSAL MFB

Over 200B is available for disbursement in NIRSAL

NIMC PROJECT SUCCESS

Over 500 Applicants successfully secured N4.2M each from AGSMEIS based on a repayment Guarantee Scheme

involving NIMC , Licensed Operator and NIRSAL

The world bank sponsored scheme requires per transaction payment by NIMC of N350 ( less deductions )

paid to borrower NIRSAL account .

ONGOING POS AGENTS PROJECT

Another special approval has been secured with 2,000 applicants being processed for N1.8M each based on a repayment Guarantee Scheme of digital agent services

using NIRSAL Account of applicants for daily transactions

The N3.6B cycle is an example of a credit guarantee scheme with income from training , business processing

and equipment supply of about 12% of total credit

TRADERMONI GEEP PROJECT

The repayment is based on cooperative group on boarding , lending and repayment risk sharing .

Total Disbursements was N38B to 2.4M beneficiaries

as at 2018.

The 2021/2022 disbursement cycle has commenced with over 500B targeted

FIC INCOME OVERVIEW

EQUIPMENT DESCRIPTION

NIBSS Approved Single Finger

Scanner for field verification of

customer

Quality Tablet device with

reliable connectivity and backup battery

Portable POS For

Card activation and

verification

Integrated units are available but are usually more expensive

BASIC STARTUP GUIDE

This assumes that there is already a qualified location and for Supervisor/Aggregator Locations that they are

already setup for NIN and/or BVN registration

1. Nigeria’s economy will under go substantial changes in the next

5 years as a result of increased digital economy activities

2. The biggest growth opportunity is at agent locations where a new category of professional agents will arise with some taking over bank branches as has happened in other countries

3. Existing NIN Centers are uniquely positioned to grow into full fledged Financial Inclusion and Digital Money Centers with opportunities for substantial business opportunities

4. Qualified Financial Inclusion Centers will also have the opportunity to own shares in FIC exchange Plc and can

cash out after listing on the stock exchanges in 3 to 5 years.

SUMMARY OF OPPORTUNITIES

FIC EXCHANGE PLC

FINANCIAL INCLUSION CENTERS

12 , ALGIERS STREET , BEHIND SHOPRITE , WUSE ZONE 5 , ABUJA

QUESTIONS AND ANSWERS SUGGESTIONS