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The mobile money movement: jumpstart to emerging markets

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This presentation will be used for an upcoming webinar where the author of the publication "The Mobile Money Movement: Catalyst to Jumpstart Emerging Markets" will present the findings. This article ...

This presentation will be used for an upcoming webinar where the author of the publication "The Mobile Money Movement: Catalyst to Jumpstart Emerging Markets" will present the findings. This article was published by The Innovations Magazine in June 2011. To register for the event, go to: www.mpayconnectseries6.eventbrite.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
  • Today we will go over the basicsBoth banked and unbankedToday, focus on the unbanked

The mobile money movement: jumpstart to emerging markets Presentation Transcript

  • 1. The Mobile Money Movement (TM): The Catalyst to Jumpstart Emerging MarketsmPay Connect, Inc.
  • 2. agenda
    background
    what will be mobile money’s impact GDP?
    why will it have this impact?
    challenges ahead
    2
  • 3. background
  • 4. mPay Connect Consulting
    Join our Linked In Group: Mobile Payments Series – mPay Connect
    • Representative Clients:
    • 5. World Economic Forum
    • 6. United Nations Foundation (mHealth Alliance)
    • 7. bKash: Bangladesh Joint Venture between BRAC and Money in Motion
    • 8. Jamaican Central Bank
    • 9. Inter-American Development Bank
    • 10. 3 of the 4 largest banks in the U.S.
    • 11. Global mobile operators
    • 12. Publications:
    • 13. World Economic Forum, The mHealth Alliance, “Amplifying the Impact: Examining the
    Intersections between Mobile Health and Mobile Money,” (January 2011) for Davos Annual
    Summit.
    • Innovations Magazine (MIT Press) (June 2011) on “(The) Mobile Money Movement: Catalyst to Jumpstart Emerging Markets”
    • 14. Inter-American Development Bank: “Addressing Gender Concerns around Mobile Money Access in Jamaica”
    4
    4
  • 15. mobile money defined
    Using the mobile phone as a channel
    to conduct payments, account management, and
    other financial services
  • 16. categories of mobile money
    Mobile Financial Services
    =Mobile Money
    Mobile Payments
    Mobile Finance
    Mobile Banking
    Mobile Payments
    Mobile Banking
    Mobile Microfinance
    B2B
    B/G 2C
    P2P
    C2B
    Credit/Insurance/ Savings
    Informational
    Transactional
    • Salary
    disbursements
    • Pensions
    • 17. Domestic Money
    Transfer
    • International
    Remittances
    • Retail payments
    at store (contactless
    payments)
    • Mobile online
    “mCommerce”
    (e.g. eBay or ringtones)
    • Replace cash in supply chain
    • 18. Mobile bill payment
    • 19. Mobile Remote Deposit Capture
    • 20. Brokerage
    • 21. Alerts
    • 22. Account balance &
    history
    • Disbursement/Repayment
    • 23. Insurance premiums/claims
    • 24. Asset accrual
    ©mPay Connect
  • 25. what will be the impact?
  • 26. Kenya’s mPesa
    15 million users, >$400 million/month
  • 27. 2011
    today’s GDP cartogram
  • 28. future impact of mobile money
    a change to relative GDP
  • 29. why?
  • 30. GDP = Consumption + Investment + Government Spending + Net Exports
  • 31. 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
  • 32. 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
    Survival Markets
    Source: CGAP
    2012
    Source: World Resources Institute
    (*Individual Annual Income: 2005 USD Purchasing Power Parity)
  • 33. 2. new industry spurs
    investment = new jobs
    over 200+ mobile payments initiatives
  • 34. 3. mobile finance =
    enabler of new industries
    mHealth, off-grid energy, trading
    Mobile Financial Services
  • 35. 4. formalizing capital
    increase in savings, credit, investment
    informal to formal financial services
  • 36. 5. digital efficiencies
    eliminate
    “shoe leather costs”
    reduce theft
    increase traceability
    smoothing transactions
    money at time of need
  • 37. mobile money = linchpin to GDP growth in emerging markets
    GDP = Consumption + Investment + Government Spending + Net Exports
  • 38. challenges ahead
  • 39. challenges
    lack of other infrastructure
    government & regulatory policies
    fragmented / lack of interoperability
    investor fatigue
  • 40. For a copy of the publication
    For advisory services:
    info@mPayConnect.com