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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
  • 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