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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 information, join LinkedIn Group: Mobile Payments Series - mPay Connect

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"Mobile Money Tackles Global Issues"

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

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