Go Mobiles Presentation

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Who We Are & What We Do?

description

Mobil Money

Transcript of Go Mobiles Presentation

  • Who We Are & What We Do?

  • GOMOBILE

    --- A Unique Mobile Money Agency Management platform

  • WHAT WE DO?Encourage qualify people to join our network of Agent

    Recruit Agents for the mobile money service

    Serve as anchor between Mobile Money Operators and Agents

    Manage Agent and ensure compliance with set polices in the AMF

    Report on Agent activities

    Channel all Agent requests/issues to Mobile Money Operators

    Carry out all other activities required to run an effective Agent Network.

  • Mobile Money Service

  • What is:

    MOBILE MONEY? M-WALLET ACCOUNT? E-MONEY?

  • Mobile Money ServiceIt simply means a range of financial services that can be offered across the mobile phone. Mobile money transfer, mobile payments, and mobile banking. MOBILE MONEY TRANSFER (MMT). Services whereby customers use their mobile device to send and receive monetary value- or more simply put, to transfer money electronically from one person to another using a mobile phone.

    MOBILE PAYMENTS. While MMT addresses person-to-person money transfers, mobile payments refer to person-to-business payments that are made with a mobile phone. Mobile proximity payments involve a mobile phone being used to make payments at a point-of-sale (POS) terminal.. MOBILE BANKING. The connection between a mobile phone and a personnel or business bank account. Mobile banking allows customers to use their mobile phone as another channel for their banking services, such as deposits, withdrawals, account transfer, bill payment, and balance inquiry.

  • MWALLET is a data repository that houses consumer data sufficient to facilitate a financial transaction from a mobile handset, and the applicable intelligence to translate an instruction from a consumer through a mobile handset/bearer/application into a message that a financial institution can use to debit or credit bank accounts or payment instruments.

    An electronic wallet that is stored on a phone. The term wallet is used because the card or phone is considered a substitute for the cash normally carried in a persons wallet

    EMONEY Simply put, electronic money or e-money is the electronic alternative to cash. It is monetary value that is stored electronically on receipt of funds, and which is used for making payment transactions. E-Money can be held on cards, devices, or on a server.

  • MOBILE TRANSACTIONS

    Mobile Banking Airtime: -Money: Deposits and Account management.

    Mobile Transfers Airtime: -Peer-to-Peer Airtime Credit.Money:-Transfer between own or other domestic accounts.Disbursement of funds (government grants; insurance policies etc.).International Remittances.

    Mobile PaymentsAirtime: -Airtime Purchases from mobile wallet.Money:- 3rd party purchases (electricity, transport, insurance, ).

  • Therefore:

    Mobile money service involves the transfer of money electronically from one person to the other through the use of mobile phone; it is equally a medium to pay for goods and services when necessary. The market for mobile money service leverages the mobile phone and the interoperability of the technology to provide simple and secure mechanism for millions of people worldwide. It is being introduced by a number of banks and switching companies in partnership with telecoms companies across the globe.

  • STAKE HOLDERS/PARTICIPANTSU-MO, NettCash, e-Tranzact, Fortis MFB etc (SERVICE PROVIDER)

    Agency Network Managers/Aggregator ( PAYAID SYSTEM LIMITED)

    Agent (YOU)

    End user

    Settlement bank

    Technology Company

  • NIGERIAS TELECOM REVENUE INCREASED BY 29.9% TO US$8.4 BILLION AT THE END OF 2008(INFO BY HOT TELECOM), AND IF THE CURRENT GROWTH TREND CONTINUES, THE COUNTRYS TELECOM REVENUE SHOULD HAVE SURPASSED US$20.0 BILLION IN 2015.

    NIGERIA HAS CLEARLY OUTPACED SOUTH AFRICA TO EMERGE AS THE LARGEST MOBILE TELECOM MARKET IN AFRICA. IT HAD OVER 70 MILLION MOBILE SUBSCRIBERS BY MID- 2009, REPRESENTING A PENETRATION RATE OF 44.3%. MOBILE CONNECTIONS HAVE SOARED AT AN AVERAGE GROWTH RATE OF 89.4% OVER THE PAST 5 YEARS AND NOW REPRESENT 97.9% OF ALL TELEPHONE LINES IN THE COUNTRY. THESE ACTIVE SUBSCRIBERS ARE MOBILE MONEYS READY POTENTIAL SUBSCRIBER.Mobile Money marketA PYRAMIDS RESEARCH REPORT

  • Target AudienceMobile Money is a service platform designed to provide secure, cost effective and convenient mobile money services for the banked, under-banked and unbanked (people or enterprises that have no or only limited access to banking services).CustomersHigh population density42% of the population is below 15 years old 71% of the population lives below $1 a dayIncome relatively unevenly distributed among the populationLow purchasing power and low population in rural areas68% of the adults can read and writeREPORTNigeria is one of the fastest growing telecoms market.

    According to pyramid research the market had over 72.6 million subscribers base as at 2009, and a projection of 128 million by 2014. A PYRAMIDS RESEARCH REPORT

  • WHO IS A GOMOBILE AGENTThis is an individual who will be trained to provide secure, cost effective and convenient service to the populace which could either be banked, under banked and unbanked under the platform of licensed mobile money operator under our mobile money agency management. It is a branchless banking business that allows customers perform transaction on their mobile phones without the need to visit the bank.

  • FUNCTIONS OF AN AGENT

  • One off application fee.

    Instant user / Account creation.

    Sales of our mobile money SIM cards for registration and account opening.

    Banking activities (Fund transfer, cash deposit, cash withdrawals).

    Phone recharge (MTN, Airtel, GLO, Etisalat etc).

    Bills payment (DSTV, HITV, etc).

    Payment of GOMOBILE monthly business fee.AGENTS: RESPONSIBILITIES

  • Mobile Phone

    Mobile Money Agency registration

    Mobile Money Account registration with preferred platform operator.

    User Guide.

    Sign off of the MOU.

    Fulfillment of other Requirements.REQUIREMENT FOR SIGN UP

  • Mobile money transaction limit: the limit breakdown is as shown below;USER KYC REQUIREMENT:

    User TypeKYC requirementTransaction LimitDaily Maximum LimitClass 1No KYC documentation is required=N=3,000 =N=30,000Class 2KYC documentation required (Passport, completed Registration form, I.D card/guarantor letter and utility bill)=N=10,000=N=100,000Class 3Full KYC ( same as above)=N=100,000=N=1,000,000

  • BENEFITS OF AN AGENTEarns Commission on transaction.

    Opportunity to win promo items.

    Liquidity management .

    Incentives / Monthly Bonus.

    Payment of cable TV bills.

    Training.

    Brochure.

    Member's ID card. Lapel.

    Folder.

    M Wallet.

    Agent Signage.

  • Earns Commission on transaction.

    Avenue to sell other products.

    Ability to access start-up short-term loan.

    Corporate CUG for ease of communication between agents and family members.

    BENEFITS OF AN AGENT CONTD

  • GOMOBILE COMPENSATION PLANSThe Compensation Plan is based on a 5 * 8 Income Plan

    Business Referral Bonus (BRB)

    When you refer your friends and family and they duplicate same job. You earn referral commission. This is one time commission paid on all registrations till 8 level deep. You can refer to below table for details on referral income at each level.

  • 2. Fast Track Bonus This is an additional bonus given to a team member who has registered at least 5 active team members and any one of them registers at least 5 people in a week (i.e. Sunday 12:00am Saturday 11:59pm). You are paid 200 in addition to the 100 on all the new registrations at your second level registered in that week. To enjoy this bonus you must have at least 5 active team members directly sponsored by yourself.

  • GOMOBILE COMPENSATION PLANS CONTINUESThe Compensation Plan is based on a 5 * 8 Income Plan

    3. Monthly Bonus In mobile business there is always recurring income so we want to share that income with our agents. You will be paid monthly bonus for all agents in your 5x8 matrix, provided they pay their monthly subscription on time. This commission includes the spill- overs, automatically or manually placed under you and pays 8-levels deep. This income is guaranteed as long as you and your team members remain active.

  • GOMOBILE COMPENSATION PLANS CONTINUESThe Compensation Plan is based on a 5 * 8 Income Plan

    4. Leverage matching bonus

    You can earn a percentage earned on the Team commission by directly sponsored team members and on their direct sponsors too. This means you earn between 10% - 60% of the earnings of your first (1st) generation and on the matrix also you earn 5% on earnings of your 1st to the 8th generation made on the Team commission.

  • GOMOBILE COMPENSATION PLANS CONTINUESThe Compensation Plan is based on a 5 * 8 Income Plan

    5. Leadership Bonus

    In addition to Referral Bonus, Fast track bonus, Monthly bonus and Leverage matching bonus we reward our agent (so called leaders) with various incredible bonuses and awards. This are based on the achievements of our agent.

    This is where you earned extra as you grow in the network.The earning potential is from extra N10,000 to both foreign and local trips; car award and even house allowance up to N20 million.

    You grow in the network from Associate Member to Double Diamond Member.

    Let your goal be to be the next DDM and your testimony will go global!

    Welcome on board!!!

  • WOULD YOU LIKE BEING PAID FOR RECRUITING PEOPLE INTO OUR MOBILE MONEY AGENCY NETWORK?

    DO YOU WANT TO EARN COMMISSIONS, INCENTIVES & MONTHLY BONUS?

    DO YOU DESIRE FINANCIAL FREEDOM?

    WOULD YOU LIKE TO TURN YOUR PHONES FROM BEING A LIABILITY TO AN ASSET?

    WOULD YOU LIKE TO MAKE FREE CUG CALLS 24/7 ?DO YOU WANT TO HAVE AN OPPORTUNITY TO WIN PROMO ITEMS ?

    DO YOU WANT TO EARN ON MOBILE VIRTUAL TOP UP?

  • 100% INCOME GuaranteedREGISTER NOW100%

  • Thank You