Mobile financial services allow users to conduct banking transactions through mobile phones, including payments, money transfers, and balance checks. Developing countries have been early adopters, with services like M-Pesa in Africa and Bkash in Bangladesh. In Bangladesh, Bkash dominates the mobile financial services market with 58% share, enabling services like person-to-person transfers, cash deposits and withdrawals, and bill payments. This technology has expanded access to financial services for 78% of Bangladeshis who own mobile phones but may be unbanked.

2. A presentation
on
Developing Countries Are Revolutionizing Mobile Banking
Presented By:
Tanvirul Hakim

3. What is MFS
Mobile financial services is a term used for performing,
financial transactions, financial payments, balance checks and
other banking transactions through a mobile device such as
mobile phones.

4. First MFS in UK
On February 16, 2012, Barclays of
U.K. launched Pingit, a service that
lets people send and receive money
using a Smartphone.
- Pingit isn’t the first innovation in
mobile banking
- Developing countries already use
this phenomenon

5. Inter-Bank Mobile Payment Service (IMPS) in Developing
Countries
• M-Pesa in Africa
• NPCI in India
• Bkash in Bangladesh

6. Reasons behind the necessity of MFS in India
• Large un-banked population
• 840+ million mobile subscribers
• Fast & easy to Serve
• Available banking services in
24/7
• Convenient to use
• Nationwide & Affordable
• Secure & safe
• Performed by the customer

8. How MFS Work

9. Products of MFS
Mode of Transaction Name of Products
Person to Person (P2P) Mobile Banking Money Transfer (Cash Receive or Send) P2P
Person to Business (P2B) Mobile Banking Cash Out to Agent A/C, Merchant payments
Business to Business (B2B) Mobile Banking Bill payments, Cash-on-delivery payments,
Corporate cash management
Business to Person (B2P) Mobile Banking Cash In (Receive from Agent), Receive from
International remittance

10. Perspective: Bangladesh
• Since 2011, mobile financial services (MFS) had proved to be the
finest integration of finance and technology in Bangladesh.
• where only 29.1% of adult population had access to financial
services, whereas 78% of the total population possessed mobile
phones.
• Bangladesh Bank has allowed 28 banks to offer MFS
• In which 19 banks have already start their journey

13. Market share of leading MFS company
February 2015
58%
17%
8%
8%
3%
6% bkash
DBBL
mCash
Ucash
MYCash
Others

14. Transactions share as of February 2015
In USD Millions
0%
42%
37%
18%
1%
1%
1%
Inward Remitance
Cash In
Cash Out
P2P
B2P
Utility P2B
Others

15. Last Day’s Prothom-alo