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"Mobile Money Tackles Global Issues"

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The presentation was given on September 13, 2010 as part of the Mobile Payments Series (TM) led by mPay Connect. This was the 4th event in the Mobile Payments Series in the Bay Area. For more …

The presentation was given on September 13, 2010 as part of the Mobile Payments Series (TM) led by mPay Connect. This was the 4th event in the Mobile Payments Series in the Bay Area. For more information, join LinkedIn Group: Mobile Payments Series - mPay Connect

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  • ½ the world’s population (3 billion people) earn less than $2 a dayNo access to savings, loan, insurance, or money transfer
  • 4.5 million small holder famers in Kenya, only a few thousand qualified for existing insurance. Feb. 2010 launched. 11,ooo farmers usingProblem: Farmers could not invest in their fertilizer, crops, etc. because they had to mitigate for weather fluctuations, yielding lower crop outputs Banks hesitant to give credit/loans due to weather / crop fluctuations Insurance cost-prohibitive for small holder famers due to: Paper-based admin, monitoring expensive, insurance person to assessSolution Micro-insurance for small holder farmers – reduce risk, increase investment Weather vanesMobile technology/paymentsIssues:Fee structures on micropaymentsMobile coverage ruralWeather stations – only using 10% capability,Coordination, data, private sector, policy to optimize the capital outlay
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    • 1. Mobile Payments SeriesTM – Event #4mPay ConnectAround the World in 80 Minutes: Mobile Money Tackles Global Issues
      MenekseGencer
      Mail: mgencer@mpayconnect.com
      Skype: meneks80
      Company: www.mpayconnect.com
      September 13, 2010
    • 2. agenda
      9/13/2010
      2
      background
      why mobile money?
      example innovation
      panel
      Mobile Payments Series ™ Event #4
      “Around the World in 80 Minutes:
      Mobile Money Tackles Global Issues”
      ©mPay Connect, Inc.
      mgencer@mpayconnect.com
      2
    • 3. background
      9/13/2010
      3
      Mobile Payments Series ™ Event #4
      “Around the World in 80 Minutes:
      Mobile Money Tackles Global Issues”
      ©mPay Connect, Inc.
      mgencer@mpayconnect.com
      3
    • 4. mPay Connect Consulting
      Join our Linked In Group: Mobile Payments Series – mPay Connect
      9/13/2010
      4
      • Project Work:
      • 5. PayPal Mobile
      • 6. Citigroup/SKTelecom
      • 7. Bangladesh Joint Venture
      • 8. US Mobile Operator
      • 9. World Economic Forum, United Nations Foundation (mHealth Alliance)
      • 10. Inter-American Development Bank: Jamaica
      • 11. Publications:
      • 12. World Economic Forum, mHealth Alliance on mHealth and mMoney (Fall 2010)
      • 13. Innovations Magazine (MIT Press) (Fall 2010)
      on “(The) Mobile Money Movement: Catalyst to Jumpstart Emerging Markets”
      • IDB: “Addressing Gender Concerns around Mobile Money Access in Jamaica”
      • 14. Slideshare.net “mPay Connect” presentations
      • 15. Education: Harvard Economics A.B., Wharton MBA
      Tech@State
      State Department Sessions on Mobile Money
      Food Security Breakout Session
      ©mPay Connect, Inc.
      mgencer@mpayconnect.com
      4
    • 16. why mobile money?
      9/13/2010
      5
      Mobile Payments Series ™ Event #4
      “Around the World in 80 Minutes:
      Mobile Money Tackles Global Issues”
      ©mPay Connect, Inc.
      mgencer@mpayconnect.com
      5
    • 17. mobile money =
      foundation for all industries in cash-dependent markets
      mHealth, Off-Grid Energy, Food Security, Disaster Relief
      Mobile Financial Services
      salary, payments, savings, insurance, credit
      6
      6
      Mobile Payments Series ™ Event #4
      “Around the World in 80 Minutes:
      Mobile Money Tackles Global Issues”
      ©mPay Connect, Inc.
      mgencer@mpayconnect.com
    • 18. mobile money defined
      Using the mobile phone as a channel
      to conduct payments, account management, and
      other financial services
      9/13/2010
      7
      Mobile Payments Series ™ Event #4
      “Around the World in 80 Minutes:
      Mobile Money Tackles Global Issues”
      ©mPay Connect, Inc.
      mgencer@mpayconnect.com
      7
    • 19. mobile money = (mobile) financial services
      Mobile Financial Services
      Mobile Payments
      Mobile Payments
      Mobile Microfinance
      Mobile Banking
      Mobile Banking
      Mobile Microfinance
      B/G 2C
      B2B
      P2P
      C2B
      Credit, Savings,
      Insurance
      Informational
      Transactional
      • Salary disbursements
      • 20. Pensions
      • 21. Rebates
      • 22. Mobile Money Transfer
      • 23. Domestic or International
      Mobile remittances
      • At store
      (proximity payments)
      • Mobile online
      (e.g. eBay or ringtones)
      • Micropayments (to bill)
      • 24. Replace cash in supply chain
      • 25. Mobile bill payment
      • 26. Brokerage
      • 27. Alerts
      • 28. Account balance &
      history
      • Disburse, Repay
      • 29. Accrue assets
      ©mPay Connect, Inc.
    • 30. increases financial access
      World Economic Pyramid
      Banks
      Mature Markets
      500 Mill
      *>$20k/yr
      2 Billion
      *$3260 to $20k/yr
      Emerging Markets
      Unbanked, Mobile Opportunity:
      1.7 Billion in 2012
      Today
      4 Billion
      *<$3260/yr or <$9/day
      Source: CGAP
      2012
      Survival Markets
      Source: World Resources Institute
      (*Individual Annual Income: 2005 USD Purchasing Power Parity)
    • 31. reduces costs of financial services
      $ 4.00
      $ 3.75
      $ 1.50
      $ .08
      Significant Cost Advantages
      (cost per transaction)
      Branch
      Live Rep
      IVR
      Mobile
      ©mPay Connect, Inc.
    • 32. healthcare
      9/13/2010
      11
      Mobile Payments Series ™ Event #4
      “Around the World in 80 Minutes:
      Mobile Money Tackles Global Issues”
      ©mPay Connect, Inc.
      mgencer@mpayconnect.com
      11
    • 33. issues in healthcare (example)
      Provider
      Remote
      No access to banks
      Patient
      Expert
      Not where
      patients are
      <$2/day
      villages
      Payer
      How to pay
      provider?
    • 34. food security
      9/13/2010
      13
      Mobile Payments Series ™ Event #4
      “Around the World in 80 Minutes:
      Mobile Money Tackles Global Issues”
      ©mPay Connect, Inc.
      mgencer@mpayconnect.com
      13
    • 35. issue: precarious cycle further exacerbated by lack of financial services
      No credit/insurance
      Can’t invest
      Drought/Natural Resource
      Crop
      Output
      Down
      Less Money
      Turn to Sex Work
      Less Farming
      No Financial
      Safety Net
      No Financial
      Safety Net
      Can’t buy
      food
      Role
      of Women
      Caretaker Burden
      Up
      Malnutrition/
      Illness
      HIV
      HIV
      Mobile Payments Series ™ Event #4
      “Around the World in 80 Minutes:
      Mobile Money Tackles Global Issues”
      14
      Source: “New Variant Famine” Hypothesis by Alex De Waal, mPay Connect
    • 36. innovations
      9/13/2010
      15
      Mobile Payments Series ™ Event #4
      “Around the World in 80 Minutes:
      Mobile Money Tackles Global Issues”
      ©mPay Connect, Inc.
      mgencer@mpayconnect.com
      15
    • 37. Syngenta’sKalimoSalamain Kenya
      reducing risk and increasing investments through
      mobile micro-insurance for small holder farmers
      Kalimo Salama
      Kenya
      Mobile Payments Series ™ Event #4
      “Around the World in 80 Minutes:
      Mobile Money Tackles Global Issues”
      ©mPay Connect, Inc.
      mgencer@mpayconnect.com
      16
    • 38. Panel
      9/13/2010
      17
      Mobile Payments Series ™ Event #4
      “Around the World in 80 Minutes:
      Mobile Money Tackles Global Issues”
      ©mPay Connect, Inc.
      mgencer@mpayconnect.com
      17
    • 39. Panelists & Demos
      LinkedIn Group: Mobile Payments Series – mPay Connect
      Matt Flannery
      Founder and CEO, Kiva.org
      Microfinance
      Elizabeth Berthe
      Dir. of Mobile Fin. Services, Grameen Foundation
      Microfinance
      Ben Lyon
      Founder and CEO, Frontline SMS: Credit
      Microfinance
      Bill Barhydt
      CEO, m-Via
      Mobile remittances
      Mike MacHarg
      Co-Founder, Simpa Networks
      MenekseGencer
      CEO, mPay Connect (moderator)
      Food Security & Healthcare
      Bernard Kahiga
      Co-Founder, 3KG
      Demo: mPesa
      JeppeDorff
      SVP Mobile Transactions
      Clickatell
      Demo: USSD mobile payments
      Paul Needham
      President
      Jacob Winiecki
      VP Operations
      Simpa Networks
      Demo: Solar Prepay

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