SlideShare a Scribd company logo
Presented by Jean
Samuel AJAVON
The proliferation of mobile money services is imminent. They
promise many new benefits for users, and are undoubtedly
going to shape the telecommunications, technology and
financial services industries. Technology innovation and
new transaction types are changing the mobile money
landscape, and opening up opportunities for a range of
industry participants. The contactless system is poised to
take off, offering multiple service capabilities and a unified
platform to generate greater convenience for users.As it
develops, each market will need to understand customers’
demands, and develop its own ecosystem and business
models. A key facilitator will be converging regulation and
legislation which needs to address fraud and money
laundering issues. A favorable platform for industry
stakeholders to collaborate will be one that maximizes the
benefits to all parties.
What is mobile money?
“mobile money” varies across the industry as it
covers a wide scope of overlapping applications.
In general, mobile money is a term describing the
services that allow electronic money
 transactions over a mobile phone. It is also
referred to as mobile financial services, mobile
wallet and mobile payment. In this report, we
define mobile money as a broader term that
includes all types of monetary transactions
executed via mobile phones
Mobile banking use of a mobile
phone to remotely access a bank
account, primarily for account
balance checkup and bill payment
services)
. Mobile commerce (payment) use
of a mobile phone to perform
financial transactions for purchases
or sales, either remotely or on-site,
retrieve promotion information or
coupons, and deliver gift items
Mobile money transfer (remittance ) a
peer-to-peer application making use of a
mobile phone to send money to family or
friends, primarily across international
borders
Some major categories include:
 Mobile financial services and mobile commerce are not new
concepts in the telecom industry. Mobile network operators
began exploring the concept of mobile payments in 2000
with little success. However, recent advances in handset
functionality, chip and mobile network technologies, and
upgrades to point-of-sale infrastructure have dramatically
improved the environment for mobile money solutions,
bringing together different industry groups, such as banks
and operators.
 Many countries have not yet developed regulations to
govern the transaction of electronic money. However, the
cross-industry nature of mobile money prompts regulators,
in both the telecom and financial sectors, to confront
important questions
 and develop a new generation of financial regulation. This
leads to the emergence of
 new regulatory concepts of e-money and payment
THE NUMBER OF MOBILE SUBSCRIBERS INCREASED FROM 9,090,365 IN MARCH 2016
TO 9,528,574 IN JUNE 2016, AN INCREASE OF 4.59%. THIS INCREASE IN SUBSCRIBER
BASE RESULTED IN AN INCREASE IN MOBILE TELEDENSITY WHICH STOOD AT
84.06% IN MARCH 2016 AGAINST 87.35% IN JUNE 2016.
9,034,115
9,341,429
9,317,955
9,090,365
9,528,574
89.00%
91.29%
86.96%
84.06%
87.35%
80.00%
82.00%
84.00%
86.00%
88.00%
90.00%
92.00%
8,700,000
8,800,000
8,900,000
9,000,000
9,100,000
9,200,000
9,300,000
9,400,000
9,500,000
9,600,000
T2_2015 T3_2015 T4_2015 T1_2016 T2_2016
Parc d'abonnés mobiles
Taux de pénétration
Evolution of the
global active
subscriber base of
mobile telephony and
teledensity
Economic impact of Mobile Money: Evidence from Benin
0
2E+10
4E+10
6E+10
8E+10
1E+11
1.2E+11
Suscribers depot d'argent retrait dargent Transfert d'argent Transfert d'argent vers
l'international
Chart Title
2e trimestre 2016 3e trimestre 2016
We note a deposit of about FCFA 8 billion per day and A
withdrawal of money from 7 billion per day.
The mobile money stimulates the economy in
Benin and significantly reduces financial
inclusion. It reaches the majority of the
population because the mobile penetration
rate is around 87%. This rate shows that out of
100 inhabitants, more than 87 has a mobile
phone. The banking rate in Benin is around
10%. This shows that more than 90% of the
population does not have access to the
Bank. In Benin, and mainly in Cotonou, a
prefectoral order bearing dematerialized
payment in supermarkets and markets is taken
to avoid the risks of robberies. So to make
your purchases in the market or the super
markets, you have to use the mobile.
12% of Beninese
will use Mobile
Money by 2019
Increase the use of digital financial services
in Benin to reach 12% of the adult
population. This is the objective of Mobile
Money for the Poor, a program of the
United Nations Capital Development
Fund (UNCDF), which has just been
launched in Cotonou
The current organization of the mobile money market implies that banks and mobile network operators still remain very
dependent on each other. Indeed, mobile operators always require the need to go through a bank, so that the
bank in their place, holds deposits corresponding to the electronic value of the purse of their customers.
Conversely, for any bank that decides to issue electronic money, it is necessary to use a mobile network operator
to at least allow the various operations to be carried out on a mobile terminalToday, however, no structure or
establishment can carry out activities for issuing electronic money without having been duly authorized or
authorized in advance by the national financial regulatory authority, ie the Central Bank. While in most cases
banks are automatically empowered (through laws governing banking regulations) to carry out the activities of
issuing electronic money, the situation is quite different with regard to mobile network operators. Of the 89
global markets where electronic money services are present, 42 still prohibit these operators from owning directly
a mobile banking license. For the latter, however, owners of the service, the only solution is then to resort to
partnerships with banking institutions, which act as licensee and manager of relations with the supervisory
authority.This regulatory barrier, which obliges the main players in a market to systematically depend on another
category of players, considerably hinders the development of the electronic money market. Yet, even when they
are authorized, few mobile operators have so far decided to free themselves from a partnership with a bank in
order to obtain a license in their own name. This is the case, for example, in the West African Monetary Union
(UMOA) zone, which includes Benin, Burkina Faso, Côte d'Ivoire, Guinea-Bissau, Mali, Niger, Senegal and Togo.
There, despite the possibility granted by the Central Bank (BCEAO), none of the mobile operators has for the
moment made the approach to obtain a license alone. The latter would, however, provide them with the authority
to issue and distribute means of payment in the form of electronic money. However, in view of the technical and
administrative burdens they have to rely on at the central authority, operators still choose bank dependence. But
the situation is changing. Some operators, like MTN, are increasingly beginning to articulate the idea of obtaining
a license. This would liberate it from any dependence on a bank and put the operator in a position of strength in
order to negotiate more advantageous contract terms. The next few years are likely to mark a turning point, with
the emergence of mobile operators that would act as genuine electronic banks.

More Related Content

What's hot

Telecom Towers Market Forecast and Opportunities, 2020 - Indonesia, Malaysia,...
Telecom Towers Market Forecast and Opportunities, 2020 - Indonesia, Malaysia,...Telecom Towers Market Forecast and Opportunities, 2020 - Indonesia, Malaysia,...
Telecom Towers Market Forecast and Opportunities, 2020 - Indonesia, Malaysia,...
TechSci Research
 
Inhibitors and catalysts for Successful Mobile Services Growth in Africa: The...
Inhibitors and catalysts for Successful Mobile Services Growth in Africa: The...Inhibitors and catalysts for Successful Mobile Services Growth in Africa: The...
Inhibitors and catalysts for Successful Mobile Services Growth in Africa: The...
Tendai Marengereke
 
Mobile VAS market in Vietnam
Mobile VAS market in VietnamMobile VAS market in Vietnam
Mobile VAS market in Vietnam
Nguyen Minh Quang
 
Indonesia telecom outlook 2014
Indonesia telecom outlook 2014Indonesia telecom outlook 2014
Indonesia telecom outlook 2014
Ashutosh Pandey
 
Mobile VAS In India - Exec. Summary
Mobile VAS In India - Exec. SummaryMobile VAS In India - Exec. Summary
Mobile VAS In India - Exec. Summary
Mohit Gundecha
 
Operationability of Mobile Banking in Nigeria: An Evidence from Ebonyi State
Operationability of Mobile Banking in Nigeria: An Evidence from Ebonyi StateOperationability of Mobile Banking in Nigeria: An Evidence from Ebonyi State
Operationability of Mobile Banking in Nigeria: An Evidence from Ebonyi State
International Journal of Economics and Financial Research
 
Swot Analysis Indian Telecom Industry Ppt
Swot Analysis Indian Telecom Industry PptSwot Analysis Indian Telecom Industry Ppt
Swot Analysis Indian Telecom Industry Ppt
rahulkalra0001
 
Over-the-top (OTT) TW FINAL v-xv
Over-the-top (OTT) TW FINAL v-xvOver-the-top (OTT) TW FINAL v-xv
Over-the-top (OTT) TW FINAL v-xv
Tom Wilson
 
Why is Mobile the most important customer channel in Africa ?
Why is Mobile the most important customer channel in  Africa ?Why is Mobile the most important customer channel in  Africa ?
Why is Mobile the most important customer channel in Africa ?
Yaron Assabi
 
Swot analysis of telecom industry
Swot analysis of telecom industrySwot analysis of telecom industry
Swot analysis of telecom industry
TAJ WALI
 
Mobile VAS: Video Consumption and Future
Mobile VAS: Video Consumption and FutureMobile VAS: Video Consumption and Future
Mobile VAS: Video Consumption and Future
Anish Chaturvedi
 
VAS PPT
VAS PPTVAS PPT
VAS PPT
NextBigWhat
 
Synopsis & toc global mobile industry-the new driver of the economy
Synopsis & toc global mobile industry-the new driver of the economySynopsis & toc global mobile industry-the new driver of the economy
Synopsis & toc global mobile industry-the new driver of the economy
Gyan Research And Analytics
 
The Investors' Road Map Zambia 2018
The Investors' Road Map Zambia 2018The Investors' Road Map Zambia 2018
The Investors' Road Map Zambia 2018
Baiba Petrusevica
 
Pestle analysis – telecom sector
Pestle analysis – telecom sectorPestle analysis – telecom sector
Pestle analysis – telecom sector
Arpit Rastogi
 
Gsma me report_2014_r2_web
Gsma me report_2014_r2_webGsma me report_2014_r2_web
Gsma me report_2014_r2_web
Sandeep Parashar
 
Study of vas products in telecom market in india
Study of vas products in telecom market in indiaStudy of vas products in telecom market in india
Study of vas products in telecom market in india
Ashish Sharma
 
M Vas Industry In India
M Vas Industry In IndiaM Vas Industry In India
M Vas Industry In India
deepak14327
 

What's hot (18)

Telecom Towers Market Forecast and Opportunities, 2020 - Indonesia, Malaysia,...
Telecom Towers Market Forecast and Opportunities, 2020 - Indonesia, Malaysia,...Telecom Towers Market Forecast and Opportunities, 2020 - Indonesia, Malaysia,...
Telecom Towers Market Forecast and Opportunities, 2020 - Indonesia, Malaysia,...
 
Inhibitors and catalysts for Successful Mobile Services Growth in Africa: The...
Inhibitors and catalysts for Successful Mobile Services Growth in Africa: The...Inhibitors and catalysts for Successful Mobile Services Growth in Africa: The...
Inhibitors and catalysts for Successful Mobile Services Growth in Africa: The...
 
Mobile VAS market in Vietnam
Mobile VAS market in VietnamMobile VAS market in Vietnam
Mobile VAS market in Vietnam
 
Indonesia telecom outlook 2014
Indonesia telecom outlook 2014Indonesia telecom outlook 2014
Indonesia telecom outlook 2014
 
Mobile VAS In India - Exec. Summary
Mobile VAS In India - Exec. SummaryMobile VAS In India - Exec. Summary
Mobile VAS In India - Exec. Summary
 
Operationability of Mobile Banking in Nigeria: An Evidence from Ebonyi State
Operationability of Mobile Banking in Nigeria: An Evidence from Ebonyi StateOperationability of Mobile Banking in Nigeria: An Evidence from Ebonyi State
Operationability of Mobile Banking in Nigeria: An Evidence from Ebonyi State
 
Swot Analysis Indian Telecom Industry Ppt
Swot Analysis Indian Telecom Industry PptSwot Analysis Indian Telecom Industry Ppt
Swot Analysis Indian Telecom Industry Ppt
 
Over-the-top (OTT) TW FINAL v-xv
Over-the-top (OTT) TW FINAL v-xvOver-the-top (OTT) TW FINAL v-xv
Over-the-top (OTT) TW FINAL v-xv
 
Why is Mobile the most important customer channel in Africa ?
Why is Mobile the most important customer channel in  Africa ?Why is Mobile the most important customer channel in  Africa ?
Why is Mobile the most important customer channel in Africa ?
 
Swot analysis of telecom industry
Swot analysis of telecom industrySwot analysis of telecom industry
Swot analysis of telecom industry
 
Mobile VAS: Video Consumption and Future
Mobile VAS: Video Consumption and FutureMobile VAS: Video Consumption and Future
Mobile VAS: Video Consumption and Future
 
VAS PPT
VAS PPTVAS PPT
VAS PPT
 
Synopsis & toc global mobile industry-the new driver of the economy
Synopsis & toc global mobile industry-the new driver of the economySynopsis & toc global mobile industry-the new driver of the economy
Synopsis & toc global mobile industry-the new driver of the economy
 
The Investors' Road Map Zambia 2018
The Investors' Road Map Zambia 2018The Investors' Road Map Zambia 2018
The Investors' Road Map Zambia 2018
 
Pestle analysis – telecom sector
Pestle analysis – telecom sectorPestle analysis – telecom sector
Pestle analysis – telecom sector
 
Gsma me report_2014_r2_web
Gsma me report_2014_r2_webGsma me report_2014_r2_web
Gsma me report_2014_r2_web
 
Study of vas products in telecom market in india
Study of vas products in telecom market in indiaStudy of vas products in telecom market in india
Study of vas products in telecom market in india
 
M Vas Industry In India
M Vas Industry In IndiaM Vas Industry In India
M Vas Industry In India
 

Similar to Mobile Money a developpment tool

A new era for Mobile Financial Services in french speaking africa
A new era for Mobile Financial Services in french speaking africaA new era for Mobile Financial Services in french speaking africa
A new era for Mobile Financial Services in french speaking africa
Landry DJIMPE
 
Mobile money in Africa: Promise and Perils
Mobile money in Africa: Promise and PerilsMobile money in Africa: Promise and Perils
Mobile money in Africa: Promise and Perils
The Economist Media Businesses
 
Swift white paper_mobile_payments
Swift white paper_mobile_paymentsSwift white paper_mobile_payments
Swift white paper_mobile_payments
Rudi Chatab
 
The mobile banking and payment revolution1 b37fc319 e15f-46c8-b2f9-c0d4c8327285
The mobile banking and payment revolution1 b37fc319 e15f-46c8-b2f9-c0d4c8327285The mobile banking and payment revolution1 b37fc319 e15f-46c8-b2f9-c0d4c8327285
The mobile banking and payment revolution1 b37fc319 e15f-46c8-b2f9-c0d4c8327285
Sumit Roy
 
The mobile money movement by mpay connect dec 2010 innovations publication ...
The mobile money movement by mpay connect dec 2010   innovations publication ...The mobile money movement by mpay connect dec 2010   innovations publication ...
The mobile money movement by mpay connect dec 2010 innovations publication ...
Menekse Gencer
 
IMPACT OF MOBILE MONEY ON POLICY AND REGULATION final
IMPACT OF MOBILE MONEY ON POLICY AND REGULATION finalIMPACT OF MOBILE MONEY ON POLICY AND REGULATION final
IMPACT OF MOBILE MONEY ON POLICY AND REGULATION final
Kingstone Pumula Kanyile
 
Simone di castro gsma
Simone di castro gsmaSimone di castro gsma
Simone di castro gsma
Simone di castro gsmaSimone di castro gsma
Impact of mobile money in west africa
Impact of mobile money in west africaImpact of mobile money in west africa
Impact of mobile money in west africa
Yasmine Missinhoun
 
South Africa: A Digital Innovation Hub for Financial Services
South Africa: A Digital Innovation Hub for Financial ServicesSouth Africa: A Digital Innovation Hub for Financial Services
South Africa: A Digital Innovation Hub for Financial Services
SeymourSloan
 
Mobile Financial Services - A Competitive and Fragmented Landscape
Mobile Financial Services - A Competitive and Fragmented LandscapeMobile Financial Services - A Competitive and Fragmented Landscape
Mobile Financial Services - A Competitive and Fragmented Landscape
mistervandam
 
Acceptance of Mobile Banking in Nigeria: A Modified TAM Approach
Acceptance of Mobile Banking in Nigeria: A Modified TAM ApproachAcceptance of Mobile Banking in Nigeria: A Modified TAM Approach
Acceptance of Mobile Banking in Nigeria: A Modified TAM Approach
Association of Scientists, Developers and Faculties
 
Next Generation Mobile Banking and Return on Investment
Next Generation Mobile Banking and Return on InvestmentNext Generation Mobile Banking and Return on Investment
Next Generation Mobile Banking and Return on Investment
mistervandam
 
26 legal issues in mobile money transactions
26 legal issues in mobile money transactions26 legal issues in mobile money transactions
26 legal issues in mobile money transactions
Ojijo P
 
Operationability of Mobile Banking in Nigeria: An Evidence from Ebonyi State
Operationability of Mobile Banking in Nigeria: An Evidence from Ebonyi StateOperationability of Mobile Banking in Nigeria: An Evidence from Ebonyi State
Operationability of Mobile Banking in Nigeria: An Evidence from Ebonyi State
International Journal of Economics and Financial Research
 
Mobile banking gsma
Mobile banking gsmaMobile banking gsma
Mobile banking gsma
Soumaila Emmanuel BOUKARI
 
M banking workshop-presentation_jan28-2014_eng
M banking workshop-presentation_jan28-2014_engM banking workshop-presentation_jan28-2014_eng
M banking workshop-presentation_jan28-2014_eng
Vincent Wokmou
 
Mobile Payments Reloaded - Ericsson Business Review #3 2008
Mobile Payments Reloaded - Ericsson Business Review #3 2008Mobile Payments Reloaded - Ericsson Business Review #3 2008
Mobile Payments Reloaded - Ericsson Business Review #3 2008
Giorgio Andreoli
 
MFS_Brochure_2016_FINAL
MFS_Brochure_2016_FINALMFS_Brochure_2016_FINAL
MFS_Brochure_2016_FINAL
Sami Ben Lassoued
 
Who will lead the mobile commerce charge? Pradip Pal, Accenture Executive
Who will lead the mobile commerce charge? Pradip Pal, Accenture Executive Who will lead the mobile commerce charge? Pradip Pal, Accenture Executive
Who will lead the mobile commerce charge? Pradip Pal, Accenture Executive
Pradipto Pal
 

Similar to Mobile Money a developpment tool (20)

A new era for Mobile Financial Services in french speaking africa
A new era for Mobile Financial Services in french speaking africaA new era for Mobile Financial Services in french speaking africa
A new era for Mobile Financial Services in french speaking africa
 
Mobile money in Africa: Promise and Perils
Mobile money in Africa: Promise and PerilsMobile money in Africa: Promise and Perils
Mobile money in Africa: Promise and Perils
 
Swift white paper_mobile_payments
Swift white paper_mobile_paymentsSwift white paper_mobile_payments
Swift white paper_mobile_payments
 
The mobile banking and payment revolution1 b37fc319 e15f-46c8-b2f9-c0d4c8327285
The mobile banking and payment revolution1 b37fc319 e15f-46c8-b2f9-c0d4c8327285The mobile banking and payment revolution1 b37fc319 e15f-46c8-b2f9-c0d4c8327285
The mobile banking and payment revolution1 b37fc319 e15f-46c8-b2f9-c0d4c8327285
 
The mobile money movement by mpay connect dec 2010 innovations publication ...
The mobile money movement by mpay connect dec 2010   innovations publication ...The mobile money movement by mpay connect dec 2010   innovations publication ...
The mobile money movement by mpay connect dec 2010 innovations publication ...
 
IMPACT OF MOBILE MONEY ON POLICY AND REGULATION final
IMPACT OF MOBILE MONEY ON POLICY AND REGULATION finalIMPACT OF MOBILE MONEY ON POLICY AND REGULATION final
IMPACT OF MOBILE MONEY ON POLICY AND REGULATION final
 
Simone di castro gsma
Simone di castro gsmaSimone di castro gsma
Simone di castro gsma
 
Simone di castro gsma
Simone di castro gsmaSimone di castro gsma
Simone di castro gsma
 
Impact of mobile money in west africa
Impact of mobile money in west africaImpact of mobile money in west africa
Impact of mobile money in west africa
 
South Africa: A Digital Innovation Hub for Financial Services
South Africa: A Digital Innovation Hub for Financial ServicesSouth Africa: A Digital Innovation Hub for Financial Services
South Africa: A Digital Innovation Hub for Financial Services
 
Mobile Financial Services - A Competitive and Fragmented Landscape
Mobile Financial Services - A Competitive and Fragmented LandscapeMobile Financial Services - A Competitive and Fragmented Landscape
Mobile Financial Services - A Competitive and Fragmented Landscape
 
Acceptance of Mobile Banking in Nigeria: A Modified TAM Approach
Acceptance of Mobile Banking in Nigeria: A Modified TAM ApproachAcceptance of Mobile Banking in Nigeria: A Modified TAM Approach
Acceptance of Mobile Banking in Nigeria: A Modified TAM Approach
 
Next Generation Mobile Banking and Return on Investment
Next Generation Mobile Banking and Return on InvestmentNext Generation Mobile Banking and Return on Investment
Next Generation Mobile Banking and Return on Investment
 
26 legal issues in mobile money transactions
26 legal issues in mobile money transactions26 legal issues in mobile money transactions
26 legal issues in mobile money transactions
 
Operationability of Mobile Banking in Nigeria: An Evidence from Ebonyi State
Operationability of Mobile Banking in Nigeria: An Evidence from Ebonyi StateOperationability of Mobile Banking in Nigeria: An Evidence from Ebonyi State
Operationability of Mobile Banking in Nigeria: An Evidence from Ebonyi State
 
Mobile banking gsma
Mobile banking gsmaMobile banking gsma
Mobile banking gsma
 
M banking workshop-presentation_jan28-2014_eng
M banking workshop-presentation_jan28-2014_engM banking workshop-presentation_jan28-2014_eng
M banking workshop-presentation_jan28-2014_eng
 
Mobile Payments Reloaded - Ericsson Business Review #3 2008
Mobile Payments Reloaded - Ericsson Business Review #3 2008Mobile Payments Reloaded - Ericsson Business Review #3 2008
Mobile Payments Reloaded - Ericsson Business Review #3 2008
 
MFS_Brochure_2016_FINAL
MFS_Brochure_2016_FINALMFS_Brochure_2016_FINAL
MFS_Brochure_2016_FINAL
 
Who will lead the mobile commerce charge? Pradip Pal, Accenture Executive
Who will lead the mobile commerce charge? Pradip Pal, Accenture Executive Who will lead the mobile commerce charge? Pradip Pal, Accenture Executive
Who will lead the mobile commerce charge? Pradip Pal, Accenture Executive
 

Recently uploaded

how to sell pi coins effectively (from 50 - 100k pi)
how to sell pi coins effectively (from 50 - 100k  pi)how to sell pi coins effectively (from 50 - 100k  pi)
how to sell pi coins effectively (from 50 - 100k pi)
DOT TECH
 
在线办理(GU毕业证书)美国贡萨加大学毕业证学历证书一模一样
在线办理(GU毕业证书)美国贡萨加大学毕业证学历证书一模一样在线办理(GU毕业证书)美国贡萨加大学毕业证学历证书一模一样
在线办理(GU毕业证书)美国贡萨加大学毕业证学历证书一模一样
5spllj1l
 
Who Is Abhay Bhutada, MD of Poonawalla Fincorp
Who Is Abhay Bhutada, MD of Poonawalla FincorpWho Is Abhay Bhutada, MD of Poonawalla Fincorp
Who Is Abhay Bhutada, MD of Poonawalla Fincorp
beulahfernandes8
 
快速制作美国迈阿密大学牛津分校毕业证文凭证书英文原版一模一样
快速制作美国迈阿密大学牛津分校毕业证文凭证书英文原版一模一样快速制作美国迈阿密大学牛津分校毕业证文凭证书英文原版一模一样
快速制作美国迈阿密大学牛津分校毕业证文凭证书英文原版一模一样
rlo9fxi
 
Seminar: Gender Board Diversity through Ownership Networks
Seminar: Gender Board Diversity through Ownership NetworksSeminar: Gender Board Diversity through Ownership Networks
Seminar: Gender Board Diversity through Ownership Networks
GRAPE
 
The WhatsPump Pseudonym Problem and the Hilarious Downfall of Artificial Enga...
The WhatsPump Pseudonym Problem and the Hilarious Downfall of Artificial Enga...The WhatsPump Pseudonym Problem and the Hilarious Downfall of Artificial Enga...
The WhatsPump Pseudonym Problem and the Hilarious Downfall of Artificial Enga...
muslimdavidovich670
 
Instant Issue Debit Cards - School Designs
Instant Issue Debit Cards - School DesignsInstant Issue Debit Cards - School Designs
Instant Issue Debit Cards - School Designs
egoetzinger
 
G20 summit held in India. Proper presentation for G20 summit
G20 summit held in India. Proper presentation for G20 summitG20 summit held in India. Proper presentation for G20 summit
G20 summit held in India. Proper presentation for G20 summit
rohitsaxena882511
 
Earn a passive income with prosocial investing
Earn a passive income with prosocial investingEarn a passive income with prosocial investing
Earn a passive income with prosocial investing
Colin R. Turner
 
Tumelo-deep-dive-into-pass-through-voting-Feb23 (1).pdf
Tumelo-deep-dive-into-pass-through-voting-Feb23 (1).pdfTumelo-deep-dive-into-pass-through-voting-Feb23 (1).pdf
Tumelo-deep-dive-into-pass-through-voting-Feb23 (1).pdf
Henry Tapper
 
BONKMILLON Unleashes Its Bonkers Potential on Solana.pdf
BONKMILLON Unleashes Its Bonkers Potential on Solana.pdfBONKMILLON Unleashes Its Bonkers Potential on Solana.pdf
BONKMILLON Unleashes Its Bonkers Potential on Solana.pdf
coingabbar
 
Instant Issue Debit Cards
Instant Issue Debit CardsInstant Issue Debit Cards
Instant Issue Debit Cards
egoetzinger
 
WhatsPump Thriving in the Whirlwind of Biden’s Crypto Roller Coaster
WhatsPump Thriving in the Whirlwind of Biden’s Crypto Roller CoasterWhatsPump Thriving in the Whirlwind of Biden’s Crypto Roller Coaster
WhatsPump Thriving in the Whirlwind of Biden’s Crypto Roller Coaster
muslimdavidovich670
 
Tax System, Behaviour, Justice, and Voluntary Compliance Culture in Nigeria -...
Tax System, Behaviour, Justice, and Voluntary Compliance Culture in Nigeria -...Tax System, Behaviour, Justice, and Voluntary Compliance Culture in Nigeria -...
Tax System, Behaviour, Justice, and Voluntary Compliance Culture in Nigeria -...
Godwin Emmanuel Oyedokun MBA MSc PhD FCA FCTI FCNA CFE FFAR
 
How Non-Banking Financial Companies Empower Startups With Venture Debt Financing
How Non-Banking Financial Companies Empower Startups With Venture Debt FinancingHow Non-Banking Financial Companies Empower Startups With Venture Debt Financing
How Non-Banking Financial Companies Empower Startups With Venture Debt Financing
Vighnesh Shashtri
 
when will pi network coin be available on crypto exchange.
when will pi network coin be available on crypto exchange.when will pi network coin be available on crypto exchange.
when will pi network coin be available on crypto exchange.
DOT TECH
 
^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Duba...
^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Duba...^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Duba...
^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Duba...
mayaclinic18
 
Abhay Bhutada Leads Poonawalla Fincorp To Record Low NPA And Unprecedented Gr...
Abhay Bhutada Leads Poonawalla Fincorp To Record Low NPA And Unprecedented Gr...Abhay Bhutada Leads Poonawalla Fincorp To Record Low NPA And Unprecedented Gr...
Abhay Bhutada Leads Poonawalla Fincorp To Record Low NPA And Unprecedented Gr...
Vighnesh Shashtri
 
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...
Turin Startup Ecosystem 2024  - Ricerca sulle Startup e il Sistema dell'Innov...Turin Startup Ecosystem 2024  - Ricerca sulle Startup e il Sistema dell'Innov...
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...
Quotidiano Piemontese
 
Applying the Global Internal Audit Standards_AIS.pdf
Applying the Global Internal Audit Standards_AIS.pdfApplying the Global Internal Audit Standards_AIS.pdf
Applying the Global Internal Audit Standards_AIS.pdf
alexiusbrian1
 

Recently uploaded (20)

how to sell pi coins effectively (from 50 - 100k pi)
how to sell pi coins effectively (from 50 - 100k  pi)how to sell pi coins effectively (from 50 - 100k  pi)
how to sell pi coins effectively (from 50 - 100k pi)
 
在线办理(GU毕业证书)美国贡萨加大学毕业证学历证书一模一样
在线办理(GU毕业证书)美国贡萨加大学毕业证学历证书一模一样在线办理(GU毕业证书)美国贡萨加大学毕业证学历证书一模一样
在线办理(GU毕业证书)美国贡萨加大学毕业证学历证书一模一样
 
Who Is Abhay Bhutada, MD of Poonawalla Fincorp
Who Is Abhay Bhutada, MD of Poonawalla FincorpWho Is Abhay Bhutada, MD of Poonawalla Fincorp
Who Is Abhay Bhutada, MD of Poonawalla Fincorp
 
快速制作美国迈阿密大学牛津分校毕业证文凭证书英文原版一模一样
快速制作美国迈阿密大学牛津分校毕业证文凭证书英文原版一模一样快速制作美国迈阿密大学牛津分校毕业证文凭证书英文原版一模一样
快速制作美国迈阿密大学牛津分校毕业证文凭证书英文原版一模一样
 
Seminar: Gender Board Diversity through Ownership Networks
Seminar: Gender Board Diversity through Ownership NetworksSeminar: Gender Board Diversity through Ownership Networks
Seminar: Gender Board Diversity through Ownership Networks
 
The WhatsPump Pseudonym Problem and the Hilarious Downfall of Artificial Enga...
The WhatsPump Pseudonym Problem and the Hilarious Downfall of Artificial Enga...The WhatsPump Pseudonym Problem and the Hilarious Downfall of Artificial Enga...
The WhatsPump Pseudonym Problem and the Hilarious Downfall of Artificial Enga...
 
Instant Issue Debit Cards - School Designs
Instant Issue Debit Cards - School DesignsInstant Issue Debit Cards - School Designs
Instant Issue Debit Cards - School Designs
 
G20 summit held in India. Proper presentation for G20 summit
G20 summit held in India. Proper presentation for G20 summitG20 summit held in India. Proper presentation for G20 summit
G20 summit held in India. Proper presentation for G20 summit
 
Earn a passive income with prosocial investing
Earn a passive income with prosocial investingEarn a passive income with prosocial investing
Earn a passive income with prosocial investing
 
Tumelo-deep-dive-into-pass-through-voting-Feb23 (1).pdf
Tumelo-deep-dive-into-pass-through-voting-Feb23 (1).pdfTumelo-deep-dive-into-pass-through-voting-Feb23 (1).pdf
Tumelo-deep-dive-into-pass-through-voting-Feb23 (1).pdf
 
BONKMILLON Unleashes Its Bonkers Potential on Solana.pdf
BONKMILLON Unleashes Its Bonkers Potential on Solana.pdfBONKMILLON Unleashes Its Bonkers Potential on Solana.pdf
BONKMILLON Unleashes Its Bonkers Potential on Solana.pdf
 
Instant Issue Debit Cards
Instant Issue Debit CardsInstant Issue Debit Cards
Instant Issue Debit Cards
 
WhatsPump Thriving in the Whirlwind of Biden’s Crypto Roller Coaster
WhatsPump Thriving in the Whirlwind of Biden’s Crypto Roller CoasterWhatsPump Thriving in the Whirlwind of Biden’s Crypto Roller Coaster
WhatsPump Thriving in the Whirlwind of Biden’s Crypto Roller Coaster
 
Tax System, Behaviour, Justice, and Voluntary Compliance Culture in Nigeria -...
Tax System, Behaviour, Justice, and Voluntary Compliance Culture in Nigeria -...Tax System, Behaviour, Justice, and Voluntary Compliance Culture in Nigeria -...
Tax System, Behaviour, Justice, and Voluntary Compliance Culture in Nigeria -...
 
How Non-Banking Financial Companies Empower Startups With Venture Debt Financing
How Non-Banking Financial Companies Empower Startups With Venture Debt FinancingHow Non-Banking Financial Companies Empower Startups With Venture Debt Financing
How Non-Banking Financial Companies Empower Startups With Venture Debt Financing
 
when will pi network coin be available on crypto exchange.
when will pi network coin be available on crypto exchange.when will pi network coin be available on crypto exchange.
when will pi network coin be available on crypto exchange.
 
^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Duba...
^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Duba...^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Duba...
^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Duba...
 
Abhay Bhutada Leads Poonawalla Fincorp To Record Low NPA And Unprecedented Gr...
Abhay Bhutada Leads Poonawalla Fincorp To Record Low NPA And Unprecedented Gr...Abhay Bhutada Leads Poonawalla Fincorp To Record Low NPA And Unprecedented Gr...
Abhay Bhutada Leads Poonawalla Fincorp To Record Low NPA And Unprecedented Gr...
 
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...
Turin Startup Ecosystem 2024  - Ricerca sulle Startup e il Sistema dell'Innov...Turin Startup Ecosystem 2024  - Ricerca sulle Startup e il Sistema dell'Innov...
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...
 
Applying the Global Internal Audit Standards_AIS.pdf
Applying the Global Internal Audit Standards_AIS.pdfApplying the Global Internal Audit Standards_AIS.pdf
Applying the Global Internal Audit Standards_AIS.pdf
 

Mobile Money a developpment tool

  • 2. The proliferation of mobile money services is imminent. They promise many new benefits for users, and are undoubtedly going to shape the telecommunications, technology and financial services industries. Technology innovation and new transaction types are changing the mobile money landscape, and opening up opportunities for a range of industry participants. The contactless system is poised to take off, offering multiple service capabilities and a unified platform to generate greater convenience for users.As it develops, each market will need to understand customers’ demands, and develop its own ecosystem and business models. A key facilitator will be converging regulation and legislation which needs to address fraud and money laundering issues. A favorable platform for industry stakeholders to collaborate will be one that maximizes the benefits to all parties.
  • 3. What is mobile money?
  • 4. “mobile money” varies across the industry as it covers a wide scope of overlapping applications. In general, mobile money is a term describing the services that allow electronic money  transactions over a mobile phone. It is also referred to as mobile financial services, mobile wallet and mobile payment. In this report, we define mobile money as a broader term that includes all types of monetary transactions executed via mobile phones
  • 5.
  • 6.
  • 7. Mobile banking use of a mobile phone to remotely access a bank account, primarily for account balance checkup and bill payment services) . Mobile commerce (payment) use of a mobile phone to perform financial transactions for purchases or sales, either remotely or on-site, retrieve promotion information or coupons, and deliver gift items Mobile money transfer (remittance ) a peer-to-peer application making use of a mobile phone to send money to family or friends, primarily across international borders Some major categories include:
  • 8.  Mobile financial services and mobile commerce are not new concepts in the telecom industry. Mobile network operators began exploring the concept of mobile payments in 2000 with little success. However, recent advances in handset functionality, chip and mobile network technologies, and upgrades to point-of-sale infrastructure have dramatically improved the environment for mobile money solutions, bringing together different industry groups, such as banks and operators.  Many countries have not yet developed regulations to govern the transaction of electronic money. However, the cross-industry nature of mobile money prompts regulators, in both the telecom and financial sectors, to confront important questions  and develop a new generation of financial regulation. This leads to the emergence of  new regulatory concepts of e-money and payment
  • 9. THE NUMBER OF MOBILE SUBSCRIBERS INCREASED FROM 9,090,365 IN MARCH 2016 TO 9,528,574 IN JUNE 2016, AN INCREASE OF 4.59%. THIS INCREASE IN SUBSCRIBER BASE RESULTED IN AN INCREASE IN MOBILE TELEDENSITY WHICH STOOD AT 84.06% IN MARCH 2016 AGAINST 87.35% IN JUNE 2016. 9,034,115 9,341,429 9,317,955 9,090,365 9,528,574 89.00% 91.29% 86.96% 84.06% 87.35% 80.00% 82.00% 84.00% 86.00% 88.00% 90.00% 92.00% 8,700,000 8,800,000 8,900,000 9,000,000 9,100,000 9,200,000 9,300,000 9,400,000 9,500,000 9,600,000 T2_2015 T3_2015 T4_2015 T1_2016 T2_2016 Parc d'abonnés mobiles Taux de pénétration Evolution of the global active subscriber base of mobile telephony and teledensity
  • 10. Economic impact of Mobile Money: Evidence from Benin
  • 11. 0 2E+10 4E+10 6E+10 8E+10 1E+11 1.2E+11 Suscribers depot d'argent retrait dargent Transfert d'argent Transfert d'argent vers l'international Chart Title 2e trimestre 2016 3e trimestre 2016
  • 12. We note a deposit of about FCFA 8 billion per day and A withdrawal of money from 7 billion per day.
  • 13. The mobile money stimulates the economy in Benin and significantly reduces financial inclusion. It reaches the majority of the population because the mobile penetration rate is around 87%. This rate shows that out of 100 inhabitants, more than 87 has a mobile phone. The banking rate in Benin is around 10%. This shows that more than 90% of the population does not have access to the Bank. In Benin, and mainly in Cotonou, a prefectoral order bearing dematerialized payment in supermarkets and markets is taken to avoid the risks of robberies. So to make your purchases in the market or the super markets, you have to use the mobile.
  • 14. 12% of Beninese will use Mobile Money by 2019
  • 15. Increase the use of digital financial services in Benin to reach 12% of the adult population. This is the objective of Mobile Money for the Poor, a program of the United Nations Capital Development Fund (UNCDF), which has just been launched in Cotonou
  • 16. The current organization of the mobile money market implies that banks and mobile network operators still remain very dependent on each other. Indeed, mobile operators always require the need to go through a bank, so that the bank in their place, holds deposits corresponding to the electronic value of the purse of their customers. Conversely, for any bank that decides to issue electronic money, it is necessary to use a mobile network operator to at least allow the various operations to be carried out on a mobile terminalToday, however, no structure or establishment can carry out activities for issuing electronic money without having been duly authorized or authorized in advance by the national financial regulatory authority, ie the Central Bank. While in most cases banks are automatically empowered (through laws governing banking regulations) to carry out the activities of issuing electronic money, the situation is quite different with regard to mobile network operators. Of the 89 global markets where electronic money services are present, 42 still prohibit these operators from owning directly a mobile banking license. For the latter, however, owners of the service, the only solution is then to resort to partnerships with banking institutions, which act as licensee and manager of relations with the supervisory authority.This regulatory barrier, which obliges the main players in a market to systematically depend on another category of players, considerably hinders the development of the electronic money market. Yet, even when they are authorized, few mobile operators have so far decided to free themselves from a partnership with a bank in order to obtain a license in their own name. This is the case, for example, in the West African Monetary Union (UMOA) zone, which includes Benin, Burkina Faso, Côte d'Ivoire, Guinea-Bissau, Mali, Niger, Senegal and Togo. There, despite the possibility granted by the Central Bank (BCEAO), none of the mobile operators has for the moment made the approach to obtain a license alone. The latter would, however, provide them with the authority to issue and distribute means of payment in the form of electronic money. However, in view of the technical and administrative burdens they have to rely on at the central authority, operators still choose bank dependence. But the situation is changing. Some operators, like MTN, are increasingly beginning to articulate the idea of obtaining a license. This would liberate it from any dependence on a bank and put the operator in a position of strength in order to negotiate more advantageous contract terms. The next few years are likely to mark a turning point, with the emergence of mobile operators that would act as genuine electronic banks.