• Save
Stanford Africa Forum - Mobile Money and GDP
Upcoming SlideShare
Loading in...5
×
 

Stanford Africa Forum - Mobile Money and GDP

on

  • 3,382 views

This presentation was given by mPay Connect at the Stanford Africa Forum on January 29, 2011. The presentation describes the impact mobile money will have on the GDP of emerging markets and why. For ...

This presentation was given by mPay Connect at the Stanford Africa Forum on January 29, 2011. The presentation describes the impact mobile money will have on the GDP of emerging markets and why. For more information on mobile money, join our ning network: www.mobilemoney.ning.com or check out our website: www.mpayconnect.com

Statistics

Views

Total Views
3,382
Slideshare-icon Views on SlideShare
2,575
Embed Views
807

Actions

Likes
4
Downloads
0
Comments
0

5 Embeds 807

http://mpayconnect.com 758
http://mpayconnect.com.previewdns.com 42
http://blogs.intuit.com 4
https://www.linkedin.com 2
http://www.linkedin.com 1

Accessibility

Upload Details

Uploaded via as Microsoft PowerPoint

Usage Rights

© All Rights Reserved

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Processing…
Post Comment
Edit your comment
  • Today we will go over the basicsBoth banked and unbankedToday, focus on the unbanked
  • Today we will go over the basicsBoth banked and unbankedToday, focus on the unbanked
  • Today we will go over the basicsBoth banked and unbankedToday, focus on the unbanked
  • Today we will go over the basicsBoth banked and unbankedToday, focus on the unbanked
  • Today we will go over the basicsBoth banked and unbankedToday, focus on the unbanked
  • Today we will go over the basicsBoth banked and unbankedToday, focus on the unbanked
  • Today we will go over the basicsBoth banked and unbankedToday, focus on the unbanked
  • Today we will go over the basicsBoth banked and unbankedToday, focus on the unbanked
  • Today we will go over the basicsBoth banked and unbankedToday, focus on the unbanked
  • ½ the world’s population (3 billion people) earn less than $2 a dayNo access to savings, loan, insurance, or money transfer
  • Today we will go over the basicsBoth banked and unbankedToday, focus on the unbanked
  • Today we will go over the basicsBoth banked and unbankedToday, focus on the unbanked
  • Today we will go over the basicsBoth banked and unbankedToday, focus on the unbanked
  • Today we will go over the basicsBoth banked and unbankedToday, focus on the unbanked

Stanford Africa Forum - Mobile Money and GDP Stanford Africa Forum - Mobile Money and GDP Presentation Transcript

  • mPay Connect Consultingthe Mobile Money Movement(TM): catalyst to jumpstart emerging markets
    Special “Thank You” to contributors from LinkedIn Group:Mobile Payments Series – mPay Connect
    Menekse Gencer
    Mail: mgencer@mpayconnect.com
    Skype: meneks80
    Company: www.mpayconnect.com
    January 29, 2011
  • agenda
    background
    what will be mobile money’s impact GDP?
    why will it have this impact?
    recap
    Stanford Africa Forum
    January 29, 2011
    ©mPay Connect, Inc.
    mgencer@mpayconnect.com
    1/31/2011
    2
    2
  • background
    Stanford Africa Forum
    January 29, 2011
    ©mPay Connect, Inc.
    mgencer@mpayconnect.com
    3
  • from paypal to the masai
    mobile money for the unbanked
    +
    =
    Stanford Africa Forum
    January 29, 2011
    ©mPay Connect, Inc.
    mgencer@mpayconnect.com
    1/31/2011
    4
    4
  • mobile money defined
    Using the mobile phone as a channel
    to conduct payments, account management, and
    other financial services
    Stanford Africa Forum
    January 29, 2011
    ©mPay Connect, Inc.
    mgencer@mpayconnect.com
    5
    5
  • what will be the impact?
    Stanford Africa Forum
    January 29, 2011
    ©mPay Connect, Inc.
    mgencer@mpayconnect.com
    6
  • Kenya’s mPesa
    13 million users, >$400 million/month
    Stanford Africa Forum
    January 29, 2011
  • 2011
    today’s GDP cartogram
    Stanford Africa Forum
    January 29, 2011
    ©mPay Connect, Inc.
    mgencer@mpayconnect.com
    8
    8
  • future impact of mobile money
    a change to relative GDP
    Stanford Africa Forum
    January 29, 2011
    ©mPay Connect, Inc.
    mgencer@mpayconnect.com
    1/31/2011
    9
    9
  • why?
    Stanford Africa Forum
    January 29, 2011
    ©mPay Connect, Inc.
    mgencer@mpayconnect.com
    10
  • GDP = Consumption + Investment + Government Spending + Net Exports
    Stanford Africa Forum
    January 29, 2011
    ©mPay Connect, Inc.
    mgencer@mpayconnect.com
    11
  • why?
    mobile money = 5 forces at work
    Mobile Money
    Mobile
    Technology with ubiquitous reach
    New Industry
    Enabling Infrastructure
    4. Method to capitalize informal sector
    5. More efficient than cash
    Stanford Africa Forum
    January 29, 2011
    ©mPay Connect, Inc.
    mgencer@mpayconnect.com
    12
  • 1. reaches those currently with
    no access to financial services
    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)
  • 2. new industry spurs
    investment = new jobs
    over 200+ mobile payments initiatives
    Stanford Africa Forum
    January 29, 2011
    ©mPay Connect, Inc.
    mgencer@mpayconnect.com
    14
  • 3. mobile finance =
    enabler of new industries
    mHealth, off-grid energy, trading
    Mobile Financial Services
    Stanford Africa Forum
    January 29, 2011
    ©mPay Connect, Inc.
    mgencer@mpayconnect.com
    1/31/2011
    15
    15
  • 4. formalizing capital
    increase in savings, credit, investment
    informal to formal financial services
    Stanford Africa Forum
    January 29, 2011
    ©mPay Connect, Inc.
    mgencer@mpayconnect.com
    16
  • 5. digital efficiencies
    eliminate
    “shoe leather costs”
    reduce theft
    increase traceability
    smoothing transactions
    money at time of need
    Stanford Africa Forum
    January 29, 2011
    ©mPay Connect, Inc.
    mgencer@mpayconnect.com
    1/31/2011
    17
    17
  • mobile money = linchpin to GDP growth in emerging markets
    GDP = Consumption + Investment + Government Spending + Net Exports
    Stanford Africa Forum
    January 29, 2011
    ©mPay Connect, Inc.
    mgencer@mpayconnect.com
    18
  • challenges
    lack of other infrastructure
    government & regulatory policies
    fragmented / lack of interoperability
    investor fatigue
    Stanford Africa Forum
    January 29, 2011
    ©mPay Connect, Inc.
    mgencer@mpayconnect.com
    19
  • Questions?
    Menekse Gencer
    • Wharton MBA ‘98, Harvard BA Economics ’93
    For more information
    mgencer@mpayconnect.com
    www.mpayconnect.com
    www.twitter.com/mpayconnect
    mPay Connect Consulting