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This presentation describes how mobile money is used in various industries including mHealth, Agriculture, and off-grid energy and why it is important to cash-based economies. For more information on how mobile money can be used to enhance the outcomes of your industry, contact our consulting services at: [email protected]
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1©mPay Connect, [email protected]
Mobile Money: The Foundation for all Industries in Cash-Based Economies
mPay Connect, Inc.
4©mPay Connect, [email protected]
mPay Connect ConsultingGlobal Team for Mobile Financial Services
6/29/2011
44
Canada: Led Product Development for MNO Consortium to launch mobile payments system
North America: Led PayPal Mobile Business Development for North America
Bangladesh: Developed bKash Business Plan (JV with BRAC). Awarded $10 million.
Jamaica: Developed Regulatory policy recommendations for Central Bank.
mPay Connect – Global Affiliate Team
India: For leading FI, created Mobile Airtime currency recommendation and cross boarder airtime for processing platform
Europe: Developed global market strategy for Fortune 500 firm for mobile money
Latin America: Chief global regulatory negotiator for PayPal, with responsibility for Central Banks and other national regulators, World Bank, and Inter-American Development Bank; specific expertise in financial services licensing in the PRC, and Latin America
Asia: Developed online payments AML standards with FATF, which were incorporated in 2009 typology, stored value and branchless banking payments in Singapore and other countries in Asia
China: Chief interlocutor for PayPal on branchless payments with the Peoples Bank of China
Nigeria: Worked with client banks on interpreting Central Bank of Nigeria mobile regulations and provided consortium recommendations
Mexico: Chief interlocutor for PayPal on branchless payments with the government of Mexico
Canada: Architected and oversaw the development of the NFC/Mobile commerce infrastructure in Canada together with Canadian members of the GSM Association, CDMA carriers, FI’s, associations and processors
South Africa: Launched branchless banking services via USSD/WAP/SMS
Kenya: Advisor to startup mobile money platform Kopo Kopo Australia: Assisted local country
managers in launching PayPal Mobile
5©mPay Connect, [email protected]
mPay Connect ConsultingJoin our Linked In Group: Mobile Payments Series – mPay Connect
55
• Representative Clients:
• World Economic Forum
• United Nations Foundation (mHealth Alliance)
• bKash: Bangladesh Joint Venture between BRAC and Money in Motion
• Jamaican Central Bank
• Inter-American Development Bank
• 3 of the 4 largest banks in the U.S.
• Global mobile operators
• Publications:
• World Economic Forum, The mHealth Alliance, “Amplifying the Impact: Examining the
Intersections between Mobile Health and Mobile Money,” (January 2011) for Davos Annual
Summit.
• Innovations Magazine (MIT Press) (June 2011) on “(The) Mobile Money Movement: Catalyst to
Jumpstart Emerging Markets”
• Inter-American Development Bank: “Addressing Gender Concerns around Mobile Money
Access in Jamaica”
7©mPay Connect, [email protected]
mobile money =foundation for all industries in cash-dependent markets
7
Mobile Financial Servicessalary, payments, savings, insurance, credit
mHealth, Off-Grid Energy, Food Security, Disaster Relief
7
8©mPay Connect, [email protected]
mobile money defined
Using the mobile phone as a channelto conduct payments, account management, and
other financial services
6/29/2011
88
9©mPay Connect, [email protected]
mobile money = (mobile) financial services
Mobile Payments Mobile Banking
InformationalTransactional
• Mobile bill payment• Brokerage
• Alerts• Account balance &history
Mobile Microfinance
Credit, Savings,Insurance
• Disburse, Repay• Savings, Insurance• Insuran
Mobile Payments Mobile Finance Mobile Banking
Mobile Financial Services
P2P C2B B2B• Mobile Money Transfer• Domestic or InternationalMobile remittances
• At store (proximity payments)
• Mobile online (e.g. eBay or ringtones)
• Micropayments (to bill)
• Replace cash in supply chain
B/G 2C
• Salary disbursements• Pensions• Rebates
10©mPay Connect, [email protected]
increases financial access
World Economic Pyramid
Source: World Resources Institute (*Individual Annual Income: 2005 USD Purchasing Power Parity)
500 Mill*>$20k/yr
2 Billion*$3260 to $20k/yr
4 Billion*<$3260/yr or <$9/day
Today
2012
Unbanked, Mobile
Opportunity:1.7 Billion in
2012
Source: CGAP
Banks
11©mPay Connect, [email protected]
reduces costs of financial services
Branch
Live Rep
IVR
Mobile
$ 4.00
$ 3.75
$ 1.50
$ .08
©mPay Connect, Inc.
12©mPay Connect, [email protected]
Mobile money transfers via SMS
– Mobile payment system built using SMS messaging
How mPesa is used:
– Send money (Agent)
– Receive money (Agent)
– Pay for things (Merchant, Bills, etc.)
268,499
3,367,192
7,000,000
0
1,000,000
2,000,000
3,000,000
4,000,000
5,000,000
6,000,000
7,000,000
8,000,000
Registered Customers
July 2007 July 2008 July 2009
(~50%
Safaricom base)
Case Study:
Kenya’s mPesa takes off like Wildfire
Now14 million!
14©mPay Connect, [email protected]
mHealth and MFS are inextricably linked by common building blocks and cross-sector dependencies
UsersInfrastructure
Business Elements
Policy Concerns
Mobile Financial Services
mHealth
Wealth Health
Prosperity
Pay for mHealth
Use case for MFS
15©mPay Connect, [email protected]
Using MFS to spur mHealthe.g. Maternal Continuum of Care
HR / Administrative Level
WHO-MNCH Continuum of
Care
Pre-Pregnancy
Pregnancy Birth Postnatal
Provider / Service Level
Patient Level
Mobile Financial Services
mHealth
• Conditional Cash Transfers
• Prepaid savings accounts
• Micro-Insurance
• Payments (ambulatory,
health information)
• Voucher payments
• Supply chain
• Data retrieval / decision
support
• Management services
• Testing, Labs, Diagnostics
• Salary Disbursements
• Performance-based Funding
• Conditional Cash Transfers
• Expense payouts
17©mPay Connect, [email protected]
issue: precarious cycle further exacerbated by lack of financial services
Malnutrition/Illness
Can’t buyfood
Less MoneyCrop
OutputDown
Can’t invest
Less Farming
Caretaker BurdenUp
17
Turn to Sex Work
20©mPay Connect, [email protected]
Mobile Vouchers and Micro-Savingsfor Food and Healthcare
Prepaid Savings
with Mobile Top-up
Mobile Vouchers
21©mPay Connect, [email protected]
Syngenta’s Kilimo Salama in Kenya
Mobile Micro-Insurance for Small Holder Farmers
