Mobile Money Presentation MTN South Sudan – 07 th October 2015.
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Transcript of Mobile Money Presentation MTN South Sudan – 07 th October 2015.
Mobile Money Presentation
MTN South Sudan – 07th October 2015
Copyright 2008 © Mobile Telephone Networks. All rights reserved. 2
MTN South Sudan has the Widest Network Coverage with 354 sites in 79 Towns
Copyright 2008 © Mobile Telephone Networks. All rights reserved. 3
Central Equatorial
Eastern Equatorial
Jonglei
Lake
Northern Balghazar
Unity
Upper Nile
Warrap
Western Balghazar
Western Equatorial
117
38
11
37
21
13
17
19
32
4
# MTN sites per SS states
MTN Network Coverage per state
Copyright 2008 © Mobile Telephone Networks. All rights reserved.
MTN Customer Service & Distribution Points : More than 11,000 POS to be involved in the Mobile Money Business
EBU
4
5CSPs Operational
CSPs WIP
Containerised Stores
SOUTH SUDAN MAP/STATE
Copyright 2008 © Mobile Telephone Networks. All rights reserved. 5
Our Cash Based Transfer solution Process
Before
1. Collect Legal documents
2. Create Online vendor Account: OVA
3. Identify the SPOC : Single Point Of Contact
4. Provide the file of the CBT beneficiaries in a specific with the Mobile Money account number + amount to transfer
Cash Based Transfer
1. Load the file of the CBT beneficiaries in the Mobile Money platform
2. Execution of money transfers : 12,000/minute
After
1. Generate report
2. Analysis and action
3. The CBT beneficiaries could withdraw their money with our 11,000 points of sale spread in all the states of South Sudan
1
2
3
Copyright 2008 © Mobile Telephone Networks. All rights reserved.
We plan to allow MTN Mobile Money subscribers to withdraw more than 2500 USD/Day but BSS will advise on the limit
How beneficiaries can receive full amount of money sent to them ?
MTN will:
1. create a specific Mobile Money account for the beneficiaries so that they receive the full amount of their money without paying any cash out fee
2. provide a USSD code to all Mobile Money Agent to check the MSISDNS of the beneficiaries before performing the cash out
3. provide a transactions books to record all the transactions and receipts to the beneficiaries to ensure that they will not pay any cash out fees
Daily sending limits ?
What we plan to submit to South Sudan Central Bank :
For Bulk Payment – 100,000 SSP/day ~ 31,622 USD
UN can send 31,622 USD per day
For Beneficiairies – 8,000 SSP/day ~ 2,529 USD
The beneficiaries could withdraw 2,529 USD per day
Bank of South Sudan rate : 1 USD = 3.1623 SSP
Copyright 2008 © Mobile Telephone Networks. All rights reserved.
Ability to send money to other networks 1. MTN Network
The beneficiaries should be in one of the areas covered by the 354 sites
2. Mobile Money Agent
If the beneficiaries are in an area where there is no Mobile Money Agent, even if they receive the SMS notification that they have receive money; they will not be able to withdraw the money
Prerequisites to receive MTN Mobile Money transfer
As per MTN Group requirements, the MTN Mobile Money Platform can but should not perform bulk payments ( 12,000/min) to other networks
Why ?
1. AML/CFT Anti Money Laundry and Financing of Terrorism : send Money to a subscriber who have not been registered by MTN could be a risk for AML/CFT
2. Security : sending bulk payments to other network MSISDNs involve sending the Money Transfer Code Number (MTCN or Token) + the Secret code to the same MSISDNs. If a person get the phone of a beneficiary, this person will be able to withdraw the money
Current situation
1. Free MTN Sim cards to all the beneficiaries
2. Free Mobile Money account opening for all the beneficiaries
3. Bulk payments on all the beneficiaries MTN MSISDNS
Solutions
Is MTN Mobile Money able to send Money to another Networks’ Subscribers ?
Show Me The Money