Stanford Africa Forum - Mobile Money and GDP

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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

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  • 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

    1. 1. mPay Connect Consultingthe Mobile Money Movement(TM): catalyst to jumpstart emerging markets<br />Special “Thank You” to contributors from LinkedIn Group:Mobile Payments Series – mPay Connect<br />Menekse Gencer<br />Mail: mgencer@mpayconnect.com<br />Skype: meneks80<br />Company: www.mpayconnect.com<br />January 29, 2011<br />
    2. 2. agenda<br /> background<br /> what will be mobile money’s impact GDP?<br /> why will it have this impact?<br /> recap<br />Stanford Africa Forum<br />January 29, 2011<br />©mPay Connect, Inc.<br />mgencer@mpayconnect.com<br />1/31/2011<br />2<br />2<br />
    3. 3. background<br />Stanford Africa Forum<br />January 29, 2011<br />©mPay Connect, Inc.<br />mgencer@mpayconnect.com<br />3<br />
    4. 4. from paypal to the masai<br />mobile money for the unbanked<br />+<br />=<br />Stanford Africa Forum<br />January 29, 2011<br />©mPay Connect, Inc.<br />mgencer@mpayconnect.com<br />1/31/2011<br />4<br />4<br />
    5. 5. mobile money defined<br />Using the mobile phone as a channel<br />to conduct payments, account management, and <br />other financial services<br />Stanford Africa Forum<br />January 29, 2011<br />©mPay Connect, Inc.<br />mgencer@mpayconnect.com<br />5<br />5<br />
    6. 6. what will be the impact?<br />Stanford Africa Forum<br />January 29, 2011<br />©mPay Connect, Inc.<br />mgencer@mpayconnect.com<br />6<br />
    7. 7. Kenya’s mPesa<br />13 million users, >$400 million/month<br />Stanford Africa Forum<br />January 29, 2011<br />
    8. 8. 2011<br />today’s GDP cartogram<br />Stanford Africa Forum<br />January 29, 2011<br />©mPay Connect, Inc.<br />mgencer@mpayconnect.com<br />8<br />8<br />
    9. 9. future impact of mobile money<br />a change to relative GDP<br />Stanford Africa Forum<br />January 29, 2011<br />©mPay Connect, Inc.<br />mgencer@mpayconnect.com<br />1/31/2011<br />9<br />9<br />
    10. 10. why?<br />Stanford Africa Forum<br />January 29, 2011<br />©mPay Connect, Inc.<br />mgencer@mpayconnect.com<br />10<br />
    11. 11. GDP = Consumption + Investment + Government Spending + Net Exports<br />Stanford Africa Forum<br />January 29, 2011<br />©mPay Connect, Inc.<br />mgencer@mpayconnect.com<br />11<br />
    12. 12. why?<br />mobile money = 5 forces at work<br />Mobile Money<br />Mobile<br />Technology with ubiquitous reach<br />New Industry<br />Enabling Infrastructure<br />4. Method to capitalize informal sector<br />5. More efficient than cash<br />Stanford Africa Forum<br />January 29, 2011<br />©mPay Connect, Inc.<br />mgencer@mpayconnect.com<br />12<br />
    13. 13. 1. reaches those currently with <br />no access to financial services<br />World Economic Pyramid<br />Banks<br />Mature Markets<br />500 Mill<br />*>$20k/yr<br />2 Billion<br />*$3260 to $20k/yr<br />Emerging Markets<br />Unbanked, Mobile Opportunity:<br />1.7 Billion in 2012<br />Today<br />4 Billion<br />*<$3260/yr or <$9/day<br />Source: CGAP <br />2012<br />Survival Markets<br />Source: World Resources Institute <br />(*Individual Annual Income: 2005 USD Purchasing Power Parity)<br />
    14. 14. 2. new industry spurs<br />investment = new jobs<br />over 200+ mobile payments initiatives<br />Stanford Africa Forum<br />January 29, 2011<br />©mPay Connect, Inc.<br />mgencer@mpayconnect.com<br />14<br />
    15. 15. 3. mobile finance = <br />enabler of new industries<br />mHealth, off-grid energy, trading<br />Mobile Financial Services<br />Stanford Africa Forum<br />January 29, 2011<br />©mPay Connect, Inc.<br />mgencer@mpayconnect.com<br />1/31/2011<br />15<br />15<br />
    16. 16. 4. formalizing capital<br />increase in savings, credit, investment<br />informal to formal financial services<br />Stanford Africa Forum<br />January 29, 2011<br />©mPay Connect, Inc.<br />mgencer@mpayconnect.com<br />16<br />
    17. 17. 5. digital efficiencies<br />eliminate <br />“shoe leather costs”<br />reduce theft<br />increase traceability<br />smoothing transactions<br />money at time of need <br />Stanford Africa Forum<br />January 29, 2011<br />©mPay Connect, Inc.<br />mgencer@mpayconnect.com<br />1/31/2011<br />17<br />17<br />
    18. 18. mobile money = linchpin to GDP growth in emerging markets<br />GDP = Consumption + Investment + Government Spending + Net Exports<br />Stanford Africa Forum<br />January 29, 2011<br />©mPay Connect, Inc.<br />mgencer@mpayconnect.com<br />18<br />
    19. 19. challenges<br />lack of other infrastructure<br />government & regulatory policies<br />fragmented / lack of interoperability<br />investor fatigue<br />Stanford Africa Forum<br />January 29, 2011<br />©mPay Connect, Inc.<br />mgencer@mpayconnect.com<br />19<br />
    20. 20. Questions?<br />Menekse Gencer<br /><ul><li> Wharton MBA ‘98, Harvard BA Economics ’93</li></ul>For more information<br />mgencer@mpayconnect.com<br />www.mpayconnect.com<br />www.twitter.com/mpayconnect<br />mPay Connect Consulting<br />

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