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1mPay Connect, Inc.info@mpayconnect.com
Mobile Money: The Foundation for all Industries in
Cash-Based Economies
mPay Connect, Inc.
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2mPay Connect, Inc.info@mpayconnect.com2
agenda
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1. background
2. why mobile money?3. uses in the field
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3mPay Connect, Inc.info@mpayconnect.com3
background
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4mPay Connect, Inc.info@mpayconnect.com4
mPay Connect ConsultingGlobal Team for Mobile Financial Services
6/29/2011
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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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5mPay Connect, Inc.info@mpayconnect.com5
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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6mPay Connect, Inc.info@mpayconnect.com6
why mobile money?
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7mPay Connect, Inc.info@mpayconnect.com7
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, Inc.info@mpayconnect.com8
mobile money defined
Using the mobile phone as a channelto conduct payments, account management, and
other financial services
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9 mPay Connect, Inc.info@mpayconnect.com9
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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10 mPay Connect, Inc.info@mpayconnect.com10
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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11 mPay Connect, Inc.info@mpayconnect.com11
reduces costs of financial services
Branch
Live Rep
IVR
Mobile
$ 4.00
$ 3.75
$ 1.50
$ .08
mPay Connect,
Inc.
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12 mPay Connect, Inc.info@mpayconnect.com12
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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13 mPay Connect, Inc.info@mpayconnect.com13
healthcare
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14 mPay Connect, Inc.info@mpayconnect.com14
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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15 mPay Connect, Inc.info@mpayconnect.com15
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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16 mPay Connect, Inc.info@mpayconnect.com16
food security
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17 mPay Connect, Inc.info@mpayconnect.com17
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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18 mPay Connect, Inc.info@mpayconnect.com18
innovations
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19 mPay Connect, Inc.info@mpayconnect.com19
Mobile Financial Services: Lease-to-Buy
for Off-Grid Energy
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20 mPay Connect, Inc.info@mpayconnect.com20
Mobile Vouchers and Micro-Savings
for Food and Healthcare
Prepaid Savingswith Mobile Top-up
Mobile Vouchers
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21 mPay Connect, Inc.info@mpayconnect.com21
Syngentas Kilimo Salama in Kenya
Mobile Micro-Insurance for
Small Holder Farmers
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Contact us:
info@mPayConnect.com
6/29/2011
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