Business Transformation and

Mobile Money

Biswas DhakalCEO (F1Soft)

www.f1soft.combiswas@f1soft.comMobile Ecosystem in Nepal: Exploring Opportunities and Challenges 2011

Mobile Ecosystem in Nepal: Exploring Opportunities and Challenges

2

Trends

12/12/2011

What, Why and How?

Mobile Ecosystem in Nepal: Exploring Opportunities and Challenges 2011

What Mobile Money is?

• Mobile money a suite of financial services offered through mobile phones and other handheld mobile devices.

These services can include – Person-to-person transfer of funds, such as domestic and

international remittances– Person-to-business payments for the purchase of a range

of goods and services, and – Mobile banking, through which customers can access

their bank accounts, pay bills, or deposit and withdraw funds.

Mobile Ecosystem in Nepal: Exploring Opportunities and Challenges 2011

Why Mobile Money?

• Mobile Money provides enormous potential for development impact– Cash Less Transaction provides flexibility to FI’s for

investment in development sector (Hydropower and Mega Projects, which provides opportunity for creating more jobs)

– Increase the efficiency of Human Resource and focused on core responsibilities

– Reaching the unbanked economy

Mobile Ecosystem in Nepal: Exploring Opportunities and Challenges 2011

How Mobile Money?

“Simple Value Proposition” Cheaper, Easier and Secure

“If you built it – They will use it”

Mobile Ecosystem in Nepal: Exploring Opportunities and Challenges 2011

Mobile Money Ecosystem

Mobile Ecosystem in Nepal: Exploring Opportunities and Challenges 2011

MFS

MNOs

Banks

Agents

Utility ProvidersRegulators

International Financial

Institutions

Civil Society

Resources of Mobile Money

• 190+ financial institution• 6,000+ agent based networks• 1,200+ ATM outlets• 500,000+ Mobile Banking Users• 1,000+ merchants • 1.2M+ mobile subscribers

Mobile Ecosystem in Nepal: Exploring Opportunities and Challenges 2011

Utilization of Resources

• Provides competitive advantage to set yet another example on mobile business after M-Pesa & G-Cash

Mobile Ecosystem in Nepal: Exploring Opportunities and Challenges 2011

Example

• Cash out from mobile using – Agents network of 2500+– 1200+ ATM outlets– 600+ Bank branch location– Direct Deposit in 1M+ bank-accounts

Mobile Ecosystem in Nepal: Exploring Opportunities and Challenges 2011

Impact

• More business opportunities and more jobs• Improve the way of doing business• Technology advancement• Overall economy development

Mobile Ecosystem in Nepal: Exploring Opportunities and Challenges 2011

Thank you

Mobile Ecosystem in Nepal: Exploring Opportunities and Challenges 2011

Biswas DhakalCEO (F1Soft)

www.f1soft.combiswas@f1soft.com

Cell:+977-9851079852