Mobile Monday (May 2014) - myKyat - Branchless Banking

Imagine the unlimited mobility of your day

Mobile Money – Branchless Banking 26th May 2014

What is Branchless Banking?

© Frontier Technology Partners Co., Ltd 2014. All rights Reserved

1.  Delivering services beyond the reach of existing branches and ATMs

2.  Agent-led financial inclusion services for the unbanked population

3.  Reduce cost of customer acquisition and servicing

4.  Secure and easy account opening, no need for a core banking account

5.  Customer account is tied to a mobile

What is myKyat?


§  Solution developed by FTP for Myanmar

§  SAP - World-class robust platform deployed in over 28 countries

§  Safe, secure, regulatory compliant

§  Support both feature phones and smart phones

§  Can be used by both registered and non-registered users

Mobiliser Family


myKyat Functions – available now


5. Request Money

6. Bill Payment

7. Agent to agent transfer

8. Group Payment

1. Cash In

2. Cash Out

3. Send Money

4. Pickup

myKyat Functions


Send Money

myKyat Functions – Send Money


Payee Mobile? Amount in Ks?

Customer selects 2 Customer enters payee mobile Customer enter amount

Menu Level 1 Menu Level 2 Menu Level 3

Dial *661#

Dear Customer, 1. Check Balance 2. Send Money 3. Request Money 4. Purchase 5. More

myKyat Functions – Send Money contd.


Amount in Ks?

Customer enters PIN Transaction successful

Menu Level 5 Menu Level 6

Payee:+959999999 Amount: 9999 Ks Fees: 9999 ks To continue, enter PIN

Your Message?

Customer enters message for recipient

Your transaction is successful. myKyat ID is 99999999 To continue, enter 0

myKyat Id: 99999999 Amt: 9999 Ks Sender’s Message

You have received 9999 Ks from 959999999. Sender’s Message Go to nearest myKyat agent to collect cash using code 9999.

Non Registered

Registered

9 © Frontier Technology Partners Co., Ltd 2014. All rights Reserved

Web Portal Channels

Financial Use Cases


Customer - Centric Use Cases


Cash In

Customer Agent

Customer’s SVA


SVA Mobile Phone NRC Channel

Customer ✓ ✓ ✓ Not relevant

Agent ✓

✓

✗

Portal and Mobile

give mobile no and cash deposit

Send Money

Sender‘s SVA

Receiver’s SVA

Mobiliser


SVA Mobile NRC

Channel

Sender ✓ ✓ ✗

Portal and Mobile

Receiver ✓ or ✗

✓ ✓ or ✗

Portal (available only for SVA holder ) and Mobile

Receiver’s Mobile

send receive

Pick up

Receiver

Agent


SVA Mobile NRC

Channel

Agent ✓ ✓ ✗

Portal and Mobile

Receiver ✗

✓ ✓

Not relevant

Cash

give mobile no and pick up code issue

Request Money

Requestor‘s SVA

Payee’s SVA

Mobiliser


SVA Mobile NRC

Channel

Requestor ✓ ✓ ✗

Portal and Mobile

Payee ✓ ✓ ✗

Portal and Mobile

request receive

Group Payment


SVA Mobile Phone NRC Channel

Payer ✓ ✓ ✗ Portal

Payees ✓

✓

✗

Portal and Mobile

Payer‘s SVA

Mobiliser

uploda data file

confirm data file

Payee1‘s SVA

Payee2‘s SVA

Payee3‘s SVA

THANK YOU!

Contact:

Tel: (95) 01 230 5133 - 5134

Mobile Monday (May 2014) - myKyat - Branchless Banking

Mobile

Transcript of Mobile Monday (May 2014) - myKyat - Branchless Banking