mpayconnectpresentationonjune282011-110629113223-phpapp02

7/30/2019 mpayconnectpresentationonjune282011-110629113223-phpapp02

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1mPay Connect, [email protected]

Mobile Money: The Foundation for all Industries in

Cash-Based Economies

mPay Connect, Inc.


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agenda

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1. background

2. why mobile money?3. uses in the field


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background

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mPay Connect ConsultingGlobal Team for Mobile Financial Services

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Canada: Led Product Development for MNO

Consortium to launch mobile payments system

North America: Led PayPalMobile Business Development

for North AmericaBangladesh: 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 forPayPal, 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, FIs, 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


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mPay Connect ConsultingJoin our Linked In Group: Mobile Payments Series mPay Connect

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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 mHealthAlliance, Amplifying the Impact: Examining the

Intersections between Mobile Health and Mobile Money, (January 2011) forDavos Annual

Summit. InnovationsMagazine (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


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why mobile money?

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mobile money =foundation for all industries in cash-dependent markets

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Mobile Financial Servicessalary, payments, savings, insurance, credit

mHealth, Off-Grid Energy, Food Security, Disaster Relief

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8 mPay Connect, [email protected]

mobile money defined

Using the mobile phone as a channelto conduct payments, account management, and

other financial services

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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 International

Mobile remittances

At store(proximity payments)

Mobile online

(e.g. eBay or ringtones) Micropayments (to bill)

Replace cashin supply chain

B/G 2C

Salarydisbursements Pensions

Rebates
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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*


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reduces costs of financial services

Branch

Live Rep

IVR

Mobile

$ 4.00

$ 3.75

$ 1.50

$ .08

mPay Connect,

Inc.


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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

2,000,0003,000,000

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:Kenyas mPesa takes off like Wildfire

Now

14 million!


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healthcare

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mHealth and MFS are inextricably linked by

common building blocks and cross-sector dependencies

UsersInfrastructure

Business ElementsPolicy Concerns

Mobile

Financial

Services

mHealth

Wealth Health

Prosperity

Pay for mHealth

Use case for MFS


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Using MFS to spur mHealth

e.g. Maternal Continuum of Care

HR / Administrative Level

WHO-MNCHContinuum of

Care

Pre-Pregnancy

Pregnancy Birth Postnatal

Provider / Service Level

Patient Level

MobileFinancial

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


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food security

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issue: precarious cycle further exacerbated by

lack of financial services

Malnutrition/

Illness

Cant buy

food

Less MoneyCrop

Output

Down

Cant invest

Less Farming

Caretaker BurdenUp

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Turn to Sex Work


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innovations

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Mobile Financial Services: Lease-to-Buy

for Off-Grid Energy


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Mobile Vouchers and Micro-Savings

for Food and Healthcare

Prepaid Savingswith Mobile Top-up

Mobile Vouchers


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Syngentas Kilimo Salama in Kenya

Mobile Micro-Insurance for

Small Holder Farmers
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Contact us:

[email protected]

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