INTEROPERABILITY brings in SYNERGY where interconnections with external parties can create greater value for customers and service providers than a single mobile money service provider can create alone.
Leading Mobile Financial Services Provider : mFino by Sridhar ObilisettySridhar Obilisetty
mFino is one of the leader in providing mobile financial services platform that enables the delivery of a full spectrum of financial services that meets the current needs of financial institutions, mobile operators, distributors and retailers
Delivering Innovations to scale up Mobile Financial Services for Financial In...mFino Inc
The document discusses financial inclusion in Africa through mobile financial services. It notes that Africa leads the world in mobile financial service deployments, with close to 80% of adults in Africa being unbanked. It identifies barriers like regulations, interoperability issues, and financial illiteracy that limit adoption. Opportunities exist in providing innovative services to individuals, small businesses, women, and for access to utilities. Mobile technology can help scale financial inclusion by connecting sources and destinations of funds through integrated mobile wallet platforms.
FINCA’s experience implementing Agency & Mobile Banking in Africa.
Presented by Nathan Were, MCF Project Manager, Africa. To the School of African Microfinance Class of 2015
Branchless banking in Pakistan extends the reach of conventional banking to underserved populations. Easypaisa, a mobile financial service provider, targets Pakistan's 180 million people, only 12% of whom have access to formal financial services. Easypaisa allows customers to pay bills, transfer money, save money, and get insurance through an ecosystem that includes over-the-counter agents and a mobile account channel. It has been well received, processing over 58 million transactions in 2012, and has the potential to increase financial inclusion in Pakistan to 41% by 2020 if 35% of adults become mobile financial service users. Key success factors for mobile financial services include building an extensive agent network and offering convenient products to ladder customers from assisted to fully
In 2015, the CGAP-funded Financial Inclusion Insights Survey was conducted in Rwanda by InterMedia. The survey analyzes trends in mobile money usage in the country and highlights opportunities for growth in the industry.
The informal sector in sub-Saharan Africa contributes about 80% of the GDP of this region.
But these strong actors are those who have the least access to modern banking services. This is due to unsuitable cost and banking operations. The financial operations of the informal sector will therefore remain untraceable and access to financial services and products difficult.
The model needs to be redesigned. The mobile money revolution has set the tone and pace.
The plan is simple.
The first step is to digitize savings.
The second will be to connect savers and financial institutions by adapting the pricing model to the savings ranges of these.
Banking for Africa by Africa.
Digital serving the community.
Overview of Digital Financial Services LandscapeJohn Owens
This presentation reviews the digital financial service landscape and is a primer for regulators and policy makers wishing to better understand current market developments.
Leading Mobile Financial Services Provider : mFino by Sridhar ObilisettySridhar Obilisetty
mFino is one of the leader in providing mobile financial services platform that enables the delivery of a full spectrum of financial services that meets the current needs of financial institutions, mobile operators, distributors and retailers
Delivering Innovations to scale up Mobile Financial Services for Financial In...mFino Inc
The document discusses financial inclusion in Africa through mobile financial services. It notes that Africa leads the world in mobile financial service deployments, with close to 80% of adults in Africa being unbanked. It identifies barriers like regulations, interoperability issues, and financial illiteracy that limit adoption. Opportunities exist in providing innovative services to individuals, small businesses, women, and for access to utilities. Mobile technology can help scale financial inclusion by connecting sources and destinations of funds through integrated mobile wallet platforms.
FINCA’s experience implementing Agency & Mobile Banking in Africa.
Presented by Nathan Were, MCF Project Manager, Africa. To the School of African Microfinance Class of 2015
Branchless banking in Pakistan extends the reach of conventional banking to underserved populations. Easypaisa, a mobile financial service provider, targets Pakistan's 180 million people, only 12% of whom have access to formal financial services. Easypaisa allows customers to pay bills, transfer money, save money, and get insurance through an ecosystem that includes over-the-counter agents and a mobile account channel. It has been well received, processing over 58 million transactions in 2012, and has the potential to increase financial inclusion in Pakistan to 41% by 2020 if 35% of adults become mobile financial service users. Key success factors for mobile financial services include building an extensive agent network and offering convenient products to ladder customers from assisted to fully
In 2015, the CGAP-funded Financial Inclusion Insights Survey was conducted in Rwanda by InterMedia. The survey analyzes trends in mobile money usage in the country and highlights opportunities for growth in the industry.
The informal sector in sub-Saharan Africa contributes about 80% of the GDP of this region.
But these strong actors are those who have the least access to modern banking services. This is due to unsuitable cost and banking operations. The financial operations of the informal sector will therefore remain untraceable and access to financial services and products difficult.
The model needs to be redesigned. The mobile money revolution has set the tone and pace.
The plan is simple.
The first step is to digitize savings.
The second will be to connect savers and financial institutions by adapting the pricing model to the savings ranges of these.
Banking for Africa by Africa.
Digital serving the community.
Overview of Digital Financial Services LandscapeJohn Owens
This presentation reviews the digital financial service landscape and is a primer for regulators and policy makers wishing to better understand current market developments.
Held in Bali, Indonesia, the “Mobile Banking and Payments for Emerging Asia Summit 2012” gathered many thought leaders from the telecommunications and banking industries; unveiling the potential of mobile channels penetrating Asia’s emerging markets. Spire Research and Consulting was honored to be invited as a post-conference workshop leader at this prestigious event.
Representing Spire Research and Consulting, Jeffery Bahar, Deputy Chief Executive Officer and Yap Far Loon, Business Development Director, Telecommunication, led a post-conference workshop in the “Mobile Banking and Payments for Emerging Asia Summit 2012” held in Bali, Indonesia. The event brought together many eminent industry experts and marketers from the telecommunications and banking industries – highlighting the potential of mobile banking and payments in emerging economies.
Read more about the event coverage here:
http://www.spireresearch.com/newsroom/events/spire-joins-mobile-banking-and-payments-for-emerging-asia-summit-2012-as-workshop-leader/
Key challenges on Digital Financial Services for MFIsSimon Priollaud
101 on Digital Financial services
Key challenges on Digital Financial Services, Mobile Banking, Branchless Banking, Agent Banking
Roadmap to enter the market
M-PESA is a mobile based transfer of money between customers, facilitated by network of retail agents. Kenya is the first country to have adopted M-PESA where the model witnessed huge success and is contributing big way in enabling financial inclusion in the country. Deployment of M-PESA in India can bring similar benefits as experienced in Kenya. Growing mobile penetration in rural areas would ensure that people are able to benefit from mobile based money transfer concept. Indian regulatory system has also been gearing up to allow technology benefits in enabling financial inclusion, developments are only at introductory stage.
10 Things You Need to Know about Mobile Money Services Mahindra Comviva
We have covered various aspects of mobile money services before. So, we thought we would cover 10 important facts that you need to know about it. There are various facts that are important, here’s our list of top 10 for you.
This document contains a presentation given by David Morrow of Vodafone to the i3Forum on fraud issues related to next generation networks. The presentation discusses how next generation networks will separate the bearer network from services, creating challenges for fraud management. Specifically, it notes that next generation networks will involve more complex technologies, dynamic identities, and different billing models than current networks. This will create new opportunities for fraudsters but also require new approaches to fraud detection across both the bearer and services layers.
A Roadmap for Mass Adoption of e-Payments in the PhilippinesJohn Owens
This document outlines a roadmap for mass adoption of e-payment services in the Philippines. It discusses how e-money has driven financial inclusion in other countries through increased access points like agents. Keys to adoption include ease of use, digital literacy, and trusted services. While the Philippines currently has low access points per capita compared to other nations, opportunities exist like shifting government payments to e-payments. The roadmap's vision is for widespread e-payment use through a supportive regulatory system and engaged stakeholders across government, businesses, and consumers. This would yield benefits like cost savings, transparency, and new markets through an expanded e-payment ecosystem and infrastructure.
Digital Cash Transfers and Financial Inclusion in IndiaCGAP
Digital Cash Transfers and Financial Inclusion in India outlines key elements for implementing digital cash transfers in India to achieve greater financial inclusion. It recommends establishing a one stop shop model where individuals can access government payments, financial services, and other functions in one location through digital infrastructure and interoperable backend systems. This would provide efficiencies for the government and more convenient access to services for users. The document also stresses the importance of coordination, developing sustainable business models for agents, and addressing issues like connectivity in rural areas.
Marketing strategy for launching mobile money services in MexicoAshish Tandon
Demographic, economic, technological, social, legal and political factors were analyzed for Mexico. Key points include a population of 114 million, GDP growth of 3.8%, telecom penetration of 18%, Roman Catholic majority, Spanish language, civil law system, and a federal republic government. Remittances and mobile usage are increasing. The banking sector is dominated by large commercial banks yet penetration is only 54%. Opportunities exist for mobile money due to lower costs, convenience and financial inclusion.
M-Pesa is a mobile money transfer service launched in Kenya in 2007 by Safaricom. It allows users to deposit, withdraw, and transfer money, and pay for goods and services using a mobile phone. M-Pesa has expanded to other countries and added new services like M-Ledger, M-Shwari, and Lipa na M-Pesa. It makes money through fees on money transfers, withdrawals, and microcredit services. M-Pesa collects large amounts of customer data and partners with other companies to offer an integrated digital platform and expand its services and customer base internationally through reverse innovation.
1) Ethiopia has high potential for e-commerce growth given its large population and rapid infrastructure development, but card-not-present transactions present security risks.
2) 3D Secure is a global standard that adds an extra authentication layer for online payments, reducing fraud liability for merchants. It works by requesting additional identity verification from the cardholder during checkout.
3) While 3D Secure reduces fraud, some countries still experience high costs of billions from card-not-present fraud each year, showing the ongoing need to implement secure online payment solutions.
The document discusses antitrust and anti-collusion policies that apply to meetings between mobile money competitors. It notes that agreements between competitors that impact pricing, markets, or sharing of sensitive business information are prohibited. The document also provides an overview of mobile money business models, regulations, and the role of mobile network operators in driving industry growth and expanding access to financial services.
Mobile phone adoption in Africa has grown rapidly, with over 735 million mobile phones now in use on the continent. This growth is transforming lives and businesses in Africa by enabling mobile banking, commerce, agriculture, education, health services, employment opportunities and more. Mobile phones are increasingly providing the backbone for Africa's continued economic growth and development over the next 15 years.
26 legal issues in mobile money transactionsOjijo P
This document discusses 26 legal issues related to mobile money transactions in Uganda. It provides an overview of what mobile money is and the various players involved in the mobile money ecosystem, including mobile network operators, financial institutions, regulatory institutions, agents, merchants, deposit taking businesses, equipment manufacturers, platform providers, and mobile money users. It then outlines some key issues like competition between platforms, technology interoperability, agent commissions, transaction fees, master agents/aggregators, profitability and e-money transactions, consumer awareness and support, services, access channels, security, customer support, registration, transaction limits, agent networks, regulation, user security, handling deposits, cross-border transfers, foreign currency control, product description, virtual accounts,
Global Landscape Study on P2G Payments: Summary of in-country consumer resear...CGAP
For this study on P2G (Person-to-government) payments, Rwanda was selected as a focus country given the potential reach and varied nature of two key initiatives: the IREMBO e-government platform and the Tap&Go smartcard for public bus transport. Digital payments for school fees and utility payments were also studied. Tap&Go is privately managed but offers P2G learnings for other countries where public transport is government-run.
The research sought to answer questions across three key areas:
1. How well did digital P2G payment solutions reach and address the needs of the financially excluded?
2. What were effective and sustainable business models between actors, and how were they set up?
3. How do current and planned solutions support and work with the evolving digital payments ecosystem in Rwanda?
Mobile devices are becoming important payment instruments and represent a threat to banks. Mobile banking usage has grown rapidly in recent years, with services ranging from checking balances to money transfers. M-Pesa in Kenya illustrates how mobile payments can be used even without bank accounts, growing from 25,000 to over 12 million users. Banks need to embrace new technologies and develop mobile-first strategies to remain relevant in a world where financial services are increasingly delivered through mobile devices.
Outline: Tanzanian MFS Landscape: Current Status; Maximizing Opportunities in Tanzania; Mitigating Challenges and Risks in MFS in Tanzania; Pushing MFS to the next level in Tanzania; and Lesson for Africa: Key Take Homes.
National Retail Payment System and the Philippine E-Commerce RoadmapJanette Toral
Brief document about the National Retail Payment System (NRPS) as presented during the Philippines E-Commerce Roadmap launch last February 2, 2016. The NRPS is a policy and regulatory framework that aims to establish a safe, efficient, reliable and affordable retail payment system in the Philippines.
MTN Uganda partnered with Ericsson to migrate its mobile money platform to Ericsson's Wallet Platform in order to address scalability issues, frequent outages, and fraud concerns that were inhibiting growth. This migration enabled MTN Uganda to rapidly expand its mobile money services, growing active accounts from 3.1 million to 4.7 million between 2014-2015 and processing over 44 million transactions per month. In Peru, 32 financial institutions collaborated via a new company called PDP to create an interoperable mobile wallet platform called Bim, bringing financial services to the large unbanked population. In Pakistan, Easypaisa is one of the largest mobile money services worldwide, serving over 21 million active users through 75,000
The document discusses the present and future of mobile commerce in India. It provides an overview of the history and evolution of mobile commerce, its key features and uses across various sectors. The document notes that while mobile commerce is growing rapidly in India due to partnerships between mobile operators, banks and payment providers, there remains opportunities around ensuring low transaction costs, usability and generating positive returns on investments. Overall, the document concludes that mobile commerce can benefit developing economies by reducing the need to carry cash and enabling financial services like loans in communities.
Web and Mobile Payments are gaining traction in Nigeria today. This slide presents the facts and figures behind these channels and seeks to recommend how uptake can be stimulated by consumers
Held in Bali, Indonesia, the “Mobile Banking and Payments for Emerging Asia Summit 2012” gathered many thought leaders from the telecommunications and banking industries; unveiling the potential of mobile channels penetrating Asia’s emerging markets. Spire Research and Consulting was honored to be invited as a post-conference workshop leader at this prestigious event.
Representing Spire Research and Consulting, Jeffery Bahar, Deputy Chief Executive Officer and Yap Far Loon, Business Development Director, Telecommunication, led a post-conference workshop in the “Mobile Banking and Payments for Emerging Asia Summit 2012” held in Bali, Indonesia. The event brought together many eminent industry experts and marketers from the telecommunications and banking industries – highlighting the potential of mobile banking and payments in emerging economies.
Read more about the event coverage here:
http://www.spireresearch.com/newsroom/events/spire-joins-mobile-banking-and-payments-for-emerging-asia-summit-2012-as-workshop-leader/
Key challenges on Digital Financial Services for MFIsSimon Priollaud
101 on Digital Financial services
Key challenges on Digital Financial Services, Mobile Banking, Branchless Banking, Agent Banking
Roadmap to enter the market
M-PESA is a mobile based transfer of money between customers, facilitated by network of retail agents. Kenya is the first country to have adopted M-PESA where the model witnessed huge success and is contributing big way in enabling financial inclusion in the country. Deployment of M-PESA in India can bring similar benefits as experienced in Kenya. Growing mobile penetration in rural areas would ensure that people are able to benefit from mobile based money transfer concept. Indian regulatory system has also been gearing up to allow technology benefits in enabling financial inclusion, developments are only at introductory stage.
10 Things You Need to Know about Mobile Money Services Mahindra Comviva
We have covered various aspects of mobile money services before. So, we thought we would cover 10 important facts that you need to know about it. There are various facts that are important, here’s our list of top 10 for you.
This document contains a presentation given by David Morrow of Vodafone to the i3Forum on fraud issues related to next generation networks. The presentation discusses how next generation networks will separate the bearer network from services, creating challenges for fraud management. Specifically, it notes that next generation networks will involve more complex technologies, dynamic identities, and different billing models than current networks. This will create new opportunities for fraudsters but also require new approaches to fraud detection across both the bearer and services layers.
A Roadmap for Mass Adoption of e-Payments in the PhilippinesJohn Owens
This document outlines a roadmap for mass adoption of e-payment services in the Philippines. It discusses how e-money has driven financial inclusion in other countries through increased access points like agents. Keys to adoption include ease of use, digital literacy, and trusted services. While the Philippines currently has low access points per capita compared to other nations, opportunities exist like shifting government payments to e-payments. The roadmap's vision is for widespread e-payment use through a supportive regulatory system and engaged stakeholders across government, businesses, and consumers. This would yield benefits like cost savings, transparency, and new markets through an expanded e-payment ecosystem and infrastructure.
Digital Cash Transfers and Financial Inclusion in IndiaCGAP
Digital Cash Transfers and Financial Inclusion in India outlines key elements for implementing digital cash transfers in India to achieve greater financial inclusion. It recommends establishing a one stop shop model where individuals can access government payments, financial services, and other functions in one location through digital infrastructure and interoperable backend systems. This would provide efficiencies for the government and more convenient access to services for users. The document also stresses the importance of coordination, developing sustainable business models for agents, and addressing issues like connectivity in rural areas.
Marketing strategy for launching mobile money services in MexicoAshish Tandon
Demographic, economic, technological, social, legal and political factors were analyzed for Mexico. Key points include a population of 114 million, GDP growth of 3.8%, telecom penetration of 18%, Roman Catholic majority, Spanish language, civil law system, and a federal republic government. Remittances and mobile usage are increasing. The banking sector is dominated by large commercial banks yet penetration is only 54%. Opportunities exist for mobile money due to lower costs, convenience and financial inclusion.
M-Pesa is a mobile money transfer service launched in Kenya in 2007 by Safaricom. It allows users to deposit, withdraw, and transfer money, and pay for goods and services using a mobile phone. M-Pesa has expanded to other countries and added new services like M-Ledger, M-Shwari, and Lipa na M-Pesa. It makes money through fees on money transfers, withdrawals, and microcredit services. M-Pesa collects large amounts of customer data and partners with other companies to offer an integrated digital platform and expand its services and customer base internationally through reverse innovation.
1) Ethiopia has high potential for e-commerce growth given its large population and rapid infrastructure development, but card-not-present transactions present security risks.
2) 3D Secure is a global standard that adds an extra authentication layer for online payments, reducing fraud liability for merchants. It works by requesting additional identity verification from the cardholder during checkout.
3) While 3D Secure reduces fraud, some countries still experience high costs of billions from card-not-present fraud each year, showing the ongoing need to implement secure online payment solutions.
The document discusses antitrust and anti-collusion policies that apply to meetings between mobile money competitors. It notes that agreements between competitors that impact pricing, markets, or sharing of sensitive business information are prohibited. The document also provides an overview of mobile money business models, regulations, and the role of mobile network operators in driving industry growth and expanding access to financial services.
Mobile phone adoption in Africa has grown rapidly, with over 735 million mobile phones now in use on the continent. This growth is transforming lives and businesses in Africa by enabling mobile banking, commerce, agriculture, education, health services, employment opportunities and more. Mobile phones are increasingly providing the backbone for Africa's continued economic growth and development over the next 15 years.
26 legal issues in mobile money transactionsOjijo P
This document discusses 26 legal issues related to mobile money transactions in Uganda. It provides an overview of what mobile money is and the various players involved in the mobile money ecosystem, including mobile network operators, financial institutions, regulatory institutions, agents, merchants, deposit taking businesses, equipment manufacturers, platform providers, and mobile money users. It then outlines some key issues like competition between platforms, technology interoperability, agent commissions, transaction fees, master agents/aggregators, profitability and e-money transactions, consumer awareness and support, services, access channels, security, customer support, registration, transaction limits, agent networks, regulation, user security, handling deposits, cross-border transfers, foreign currency control, product description, virtual accounts,
Global Landscape Study on P2G Payments: Summary of in-country consumer resear...CGAP
For this study on P2G (Person-to-government) payments, Rwanda was selected as a focus country given the potential reach and varied nature of two key initiatives: the IREMBO e-government platform and the Tap&Go smartcard for public bus transport. Digital payments for school fees and utility payments were also studied. Tap&Go is privately managed but offers P2G learnings for other countries where public transport is government-run.
The research sought to answer questions across three key areas:
1. How well did digital P2G payment solutions reach and address the needs of the financially excluded?
2. What were effective and sustainable business models between actors, and how were they set up?
3. How do current and planned solutions support and work with the evolving digital payments ecosystem in Rwanda?
Mobile devices are becoming important payment instruments and represent a threat to banks. Mobile banking usage has grown rapidly in recent years, with services ranging from checking balances to money transfers. M-Pesa in Kenya illustrates how mobile payments can be used even without bank accounts, growing from 25,000 to over 12 million users. Banks need to embrace new technologies and develop mobile-first strategies to remain relevant in a world where financial services are increasingly delivered through mobile devices.
Outline: Tanzanian MFS Landscape: Current Status; Maximizing Opportunities in Tanzania; Mitigating Challenges and Risks in MFS in Tanzania; Pushing MFS to the next level in Tanzania; and Lesson for Africa: Key Take Homes.
National Retail Payment System and the Philippine E-Commerce RoadmapJanette Toral
Brief document about the National Retail Payment System (NRPS) as presented during the Philippines E-Commerce Roadmap launch last February 2, 2016. The NRPS is a policy and regulatory framework that aims to establish a safe, efficient, reliable and affordable retail payment system in the Philippines.
MTN Uganda partnered with Ericsson to migrate its mobile money platform to Ericsson's Wallet Platform in order to address scalability issues, frequent outages, and fraud concerns that were inhibiting growth. This migration enabled MTN Uganda to rapidly expand its mobile money services, growing active accounts from 3.1 million to 4.7 million between 2014-2015 and processing over 44 million transactions per month. In Peru, 32 financial institutions collaborated via a new company called PDP to create an interoperable mobile wallet platform called Bim, bringing financial services to the large unbanked population. In Pakistan, Easypaisa is one of the largest mobile money services worldwide, serving over 21 million active users through 75,000
The document discusses the present and future of mobile commerce in India. It provides an overview of the history and evolution of mobile commerce, its key features and uses across various sectors. The document notes that while mobile commerce is growing rapidly in India due to partnerships between mobile operators, banks and payment providers, there remains opportunities around ensuring low transaction costs, usability and generating positive returns on investments. Overall, the document concludes that mobile commerce can benefit developing economies by reducing the need to carry cash and enabling financial services like loans in communities.
Web and Mobile Payments are gaining traction in Nigeria today. This slide presents the facts and figures behind these channels and seeks to recommend how uptake can be stimulated by consumers
1. MTN Uganda's MobileMoney service has become cash-flow positive just 14 months after launch, illustrating that there is money to be made in mobile money.
2. Approximately half of MTN Uganda's mobile money gross profits have come from indirect benefits like reduced churn, savings from airtime distribution, and increased voice and data usage.
3. The financing requirement for a successful mobile money service depends on variable and step costs, but operators must invest in marketing and customer support to ensure success.
1. MTN Uganda's MobileMoney service became cash-flow positive just 14 months after launch, with a cumulative financing requirement of less than $4 million.
2. Over half of MobileMoney's gross profits came from money transfer fees, while indirect benefits like reduced churn, airtime distribution savings, and increased voice/data usage accounted for the rest.
3. The financing requirement for a successful mobile money service depends on variable and step costs, so the amount operators must invest varies significantly. Success requires active marketing and sufficient staffing.
CREATING A DIGITAL ECOSYSTEM – PresentationMyles Freedman
MTN is leveraging its mobile money platform in Africa to drive financial inclusion and digitization of services across multiple sectors. It has over 50 million mobile money customers across 15 countries generating over $4 billion in annual transaction value. In Ghana, MTN's mobile money service customer base grew 29% in one year to over 96 million users, facilitating affordable loans, remittances, and bill payments. MTN is also partnering with companies to use its platform to deliver utilities, solar energy, donations, and other services digitally. This establishes MTN as a catalyst for the digital transformation of Africa's economies.
What is Moblie Commerce?
Reasons of growth of M-commerce
Limitations
Advantages
Case Study
Future of M-commerce
Supporting Graphs
NOTE: CASE STUDY AND GRAPHS ARE ARRANGED FROM A SECONDARY SOURCE.
-VikrantKd
This document provides a summary of the state of the mobile financial services industry for the unbanked in 2014. It finds that while mobile money services have expanded significantly in recent years and are transforming access to financial services, continued investment is needed to bring the industry to scale. Specifically, over 250 mobile money services now operate in 89 countries, but regulatory barriers remain and interoperability between services is limited. The report also examines trends in mobile insurance, savings and credit products and calls for further industry collaboration to develop digital financial ecosystems.
With the ubiquity of the mobile phone, there is lot of interest in using this medium to deliver financial services. This document is a white paper on this field and tries to give the reader, a general understanding of the topic
M banking workshop-presentation_jan28-2014_engVincent Wokmou
This document discusses mobile financial services and mobile banking. It provides an overview of electronic banking and mobile banking, explaining concepts like e-money, e-banking, m-money, and m-banking. It outlines the key players in mobile banking like banks, mobile network operators, agents/retail networks, payment service providers, and regulators. It also examines the mobile banking ecosystem and various product offerings like P2P transfers, bill payments, cash-in/cash-out, retail payments, and more. The document discusses factors for successful mobile banking like infrastructure, regulations, interoperability, partnerships, and value propositions. It also looks at business models, implementation costs and revenues, market evolution, and the
This document provides an overview of channels and technology for enabling financial inclusion. It discusses the mobile and branchless banking ecosystem, including key players such as mobile network operators, banks, technology providers, agents, retailers, and regulators. Digital financial services like mobile money are described as combining branchless banking and mobile financial services to deliver financial products via technology outside of conventional branches. The predominant leader is noted as being mobile money, especially in developing countries.
Mobile payments in India are poised for significant growth. Currently, mobile wallets like PayTM and MobiKwik lead the market and are expected to replace credit cards as the primary non-cash payment model in India. While adoption is growing, there are still gaps like a lack of focus on the consumer experience that need to be addressed. A US bank could enter the market by acquiring a stake in a mobile wallet provider and using customer data and location to offer discounts, credits, and loans that enrich the consumer experience and drive further adoption of mobile payments.
The Role of Fintechs in the Financial Industry: Creating Sustainable PathwaysDerrydean Dadzie
This presentation exposes the critical role that Fintechs play in the financial sector. The nuanced exploration of the fintech sector brings to the fore critical insights that aid the readers understanding of the specific dynamics that make the role fintechs a compelling proposition in the new era financial sector.
Empowering Financial Inclusion _How Micro ATM Are Reaching Rural India .pdfFintechInnovations
Financial inclusion, the accessibility, and availability of financial services to all individuals and businesses, plays a pivotal role in driving economic growth and reducing poverty. While urban areas have seen significant progress in digital financial services, rural communities often remain excluded due to limited access to banking infrastructure. However, technology is bridging this gap, and a key player in this transformation is the use of Micro ATM terminals. These devices are transforming the way financial transactions occur in rural India, enabling digital transactions and empowering financial inclusion.
The document discusses emerging payment techniques in India. It notes that cash currently dominates transactions but electronic payments are growing. New payment methods like mobile wallets, contactless payments using near-field communication (NFC) and biometric payments are discussed as alternatives. Security, adoption challenges, and the need for simple user-friendly systems will influence which new payment techniques see most success in India and globally going forward.
MTN is a leading mobile money operator with services in 15 countries and over 50 million registered users. It facilitates over 200 million transactions per month totaling $4 billion in value. MTN's mobile money platform is used to digitize payments for utilities, loans, donations, and business transactions. In Ghana, the customer base grew 30% in one year to 96 million, usage increased from 45% to 66% of MTN's network, and over 5,000 loans per day are disbursed to mobile phones. There is significant potential for MTN mobile money to drive financial inclusion in Ethiopia through retail payments, business payments, financial access, and government services by enabling affordable and accessible transactions.
Business models in Digital Financial ServicesPeter Zetterli
There are a variety of business models for digital financial services, depending in part on the core business of the provider. This presentation provides a conceptual framework to delineate different models and provides in-depth examples of the most common ones, including the bank-led and the MNO-led DFS business model as well as the 3rd party model.
The document discusses different business models for digital financial services (DFS). It analyzes the bank model using Equity Bank as an example, the mobile network operator (MNO) model using Airtel Money, and the standalone model using bKash. For each model, it examines ownership and control over various parts of the DFS value chain including accounts, data, digital and physical channels. It finds that the bank model has the most control while the MNO model relies on partnerships. The standalone model falls between the two.
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Prescriptive analytics BA4206 Anna University PPTFreelance
Business analysis - Prescriptive analytics Introduction to Prescriptive analytics
Prescriptive Modeling
Non Linear Optimization
Demonstrating Business Performance Improvement
The APCO Geopolitical Radar - Q3 2024 The Global Operating Environment for Bu...APCO
The Radar reflects input from APCO’s teams located around the world. It distils a host of interconnected events and trends into insights to inform operational and strategic decisions. Issues covered in this edition include:
Efficient PHP Development Solutions for Dynamic Web ApplicationsHarwinder Singh
Unlock the full potential of your web projects with our expert PHP development solutions. From robust backend systems to dynamic front-end interfaces, we deliver scalable, secure, and high-performance applications tailored to your needs. Trust our skilled team to transform your ideas into reality with custom PHP programming, ensuring seamless functionality and a superior user experience.
Ellen Burstyn: From Detroit Dreamer to Hollywood Legend | CIO Women MagazineCIOWomenMagazine
In this article, we will dive into the extraordinary life of Ellen Burstyn, where the curtains rise on a story that's far more attractive than any script.
Profiles of Iconic Fashion Personalities.pdfTTop Threads
The fashion industry is dynamic and ever-changing, continuously sculpted by trailblazing visionaries who challenge norms and redefine beauty. This document delves into the profiles of some of the most iconic fashion personalities whose impact has left a lasting impression on the industry. From timeless designers to modern-day influencers, each individual has uniquely woven their thread into the rich fabric of fashion history, contributing to its ongoing evolution.
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AI Transformation Playbook: Thinking AI-First for Your BusinessArijit Dutta
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2. Mobile Money Market Scenario in Africa
Current Mobile Money Deployments in the Continent
Close to 80 Mobile Money
Deployments in Africa
Contributed to more than
4.5 % of the Sub Saharan
Africa’s GDP or $32
Billion
80% of worlds mobile
money transactions
happen in East Africa
The industry accounts for
350 million jobs
High mobile phone
adoption – 1 Billion
people in Africa with 700
million connections
Source: Africa Review - December 30th 2012, GSM Association
3. Current Market Overview in Nigeria
Mobile Money agents currently stand at
3000
Expected to grow to 50,000 by 2015
2012 Mobile Money transactions: N228
million
Expected Mobile Money transactions by
2015: N151 Billion
Non Store shopping increased from N62
Million in 2011 to N77.5 billion 2012
Non store shopping expected to grow by
N658 Billion by 2015
26 million banked out of 167 million
Nigerian population
Source: All Africa 3rd January 2013
4. Interoperabilityis the ability of
diverse systems and organizations, to work with
each other, in the present or the future, without
any restricted access.
5. Customers
Limited universe to do m-Commerce
True value of Mobile Money not unleashed
Policy Makers
Struggling to understand regulatory approach
Businesses
Would want to recoup investments made
Apprehensive of government intervention, to give
up advantage
Interoperability - Current Scenario
6. Current Scenario – Only On-Network Transactions
Cross Network Mobile Money
transactions not possible
On-NetworkMobileMoney
transactionsarepossible
On-NetworkMobileMoney
transactionsarepossible
7. Why Interoperability ?
• Subscribers are restricted to on-network
transactions,
• Agents are exclusive to one mobile
money service provider
• Subscribers are limited to accessing their
mobile money account only from one
SIM
SMS usage before July
98
SMS usage post April 99 after SMS interconnection between operators
Has Interoperability been
achieved in the Mobile
industry….??
Yes, cross network SMS is an
example of interoperability success
Source: Mobile Data Association
8. With Interoperability Cross Network Transactions are possible
Cross Network Mobile Money
transactions are possible
On-NetworkMobileMoney
transactionsarepossible
On-NetworkMobileMoney
transactionsarepossible
Payment
Switch
9. Interoperability – An Enabler
Product Innovation
• Remittances and Airtime top-ups are 95% of the Mobile money transactions in
the world
• Invite banks, micro finance institutions, third parties to use Mobile Money infra
• Make a greater range of products and services available to customers
Enable payments to and from the unbanked
• Distribution of cash remains expensive and insecure
• Need of industry collaboration to enable bulk electronic payments
• Ease payment acceptance from completely unbanked population
Replace cash with e-money for day to day transactions
• Still the most dominant - money transfer followed by complete cash out
• Establishing interoperability allows operators more frequent and proximate
transactions
• Lesser reliance on cash, provide convenience and increase relevance of e-money
10. INTEROPERABILITY brings in
SYNERGY where interconnections
with external parties can create greater
value for customers and service
providers than a single mobile money
service provider can create alone.
13. Benefits of Interoperability
• Interoperability will benefit service providers by
expanding the pool of customers
• Increased revenue through transactional volumes
• Minimises the need for retail agents to have cash, which is
costly to move around between different agents.
• Interoperability could serve as a primary lever by which to
reduce redundant costs and expand access
14. Interoperability Use Case 1
Abike, a fruit vendor in the local market in Abuja
has an MTN mobile money account. After a busy
day, Abike secures her days’ takings by paying
into her mobile wallet via the agent in the town.
Since there is no MTN agent near the market,
Abike goes to an Airtel agent who helps her in
depositing her money into her MTN mobile
money account.
15. Interoperability Use Case 2
Ameerah, an Airtel mobile money account
subscriber wants to send money to her friend
Abike, an MTN mobile money account
subscriber. Interoperability makes it easy for
Ameerah to send money to her friend who is
on a different network (cross-network)
Sridhar Obilisetty, CEO, mFino Ltd
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