The Future of Mobile: Beyond Payments, Becoming Your Own Bank

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The Future Of Mobile Beyond Payments: Becoming Your Own Bank

Transcript of The Future of Mobile: Beyond Payments, Becoming Your Own Bank

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The Future Of Mobile

Beyond Payments: Becoming Your Own Bank

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Mobile Is Here To Stay

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Mary Meeker

Then Vs. Now

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The Future

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The Unbanked & The Underbanked

A Massive Opportunity

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Mobile Money

The Future of Finance

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What is Mobile Money?

• Allows users to store, send, and receive money digitally on their phones.

• Offered primarily by Mobile Telecom operators.• Have licenses to provide basic money transfer

services.• Developed as a direct result of inadequate

payment infrastructures to meet the needs of lower income users.

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Consumer Remittances

• Both cross border and domestic need innovation.• In European Union, only 42% used a financial

institution for remittances.• Only 9.3% used a traditional money transfer

operator.• Many still use informal channels: traditonal methods

higher costs, slower process.• Global Value of Remittances: $586 billion USD• In 2017: $636 billion

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The Future of Finance

• Developed world economies need to find ways to ensure that the everyday day financial needs of their citizens are met.

• Starting to look at the developing world for solutions.

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Identity

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E-Commerce

Rising & Rising

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Why Is This Important?

The Great Wealth Transfer East

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Reasons Against

Mobile Money & Payments

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Recommendations

• Create a beautiful UI & UX experience.• Include balance availability without login.• Integrate other mobile tools like calendar.• Customize user experience based on preferences. • Location awareness.• Alerts & notifications.• Better login• Allow for search.

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Mobile Is Eating The World

• And only growing.• Empowering the entire world.• Access to global capital markets and the

increase of financial inclusion for all.• The Power to be your own bank and financial

advisor.• Mobile is now your workspace.

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Contact Me

• Email: [email protected]• Twitter: @sammantic