"Mobile Money Tackles Global Issues"
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The presentation was given on September 13, 2010 as part of the Mobile Payments Series (TM) led by mPay Connect. This was the 4th event in the Mobile Payments Series in the Bay Area. For more information, join LinkedIn Group: Mobile Payments Series - mPay Connect
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"Mobile Money Tackles Global Issues"
- 1. Mobile Payments SeriesTM – Event #4mPay ConnectAround the World in 80 Minutes: Mobile Money Tackles Global Issues MenekseGencer Mail: mgencer@mpayconnect.com Skype: meneks80 Company: www.mpayconnect.com September 13, 2010
- 2. agenda 9/13/2010 2 background why mobile money? example innovation panel Mobile Payments Series ™ Event #4 “Around the World in 80 Minutes: Mobile Money Tackles Global Issues” ©mPay Connect, Inc. mgencer@mpayconnect.com 2
- 3. background 9/13/2010 3 Mobile Payments Series ™ Event #4 “Around the World in 80 Minutes: Mobile Money Tackles Global Issues” ©mPay Connect, Inc. mgencer@mpayconnect.com 3
- 11. Publications:
- 12. World Economic Forum, mHealth Alliance on mHealth and mMoney (Fall 2010)
- 14. Slideshare.net “mPay Connect” presentations
- 15. Education: Harvard Economics A.B., Wharton MBATech@State State Department Sessions on Mobile Money Food Security Breakout Session ©mPay Connect, Inc. mgencer@mpayconnect.com 4
- 16. why mobile money? 9/13/2010 5 Mobile Payments Series ™ Event #4 “Around the World in 80 Minutes: Mobile Money Tackles Global Issues” ©mPay Connect, Inc. mgencer@mpayconnect.com 5
- 17. mobile money = foundation for all industries in cash-dependent markets mHealth, Off-Grid Energy, Food Security, Disaster Relief Mobile Financial Services salary, payments, savings, insurance, credit 6 6 Mobile Payments Series ™ Event #4 “Around the World in 80 Minutes: Mobile Money Tackles Global Issues” ©mPay Connect, Inc. mgencer@mpayconnect.com
- 18. mobile money defined Using the mobile phone as a channel to conduct payments, account management, and other financial services 9/13/2010 7 Mobile Payments Series ™ Event #4 “Around the World in 80 Minutes: Mobile Money Tackles Global Issues” ©mPay Connect, Inc. mgencer@mpayconnect.com 7
- 20. Pensions
- 21. Rebates
- 22. Mobile Money Transfer
- 24. Replace cash in supply chain
- 25. Mobile bill payment
- 26. Brokerage
- 27. Alerts
- 29. Accrue assets©mPay Connect, Inc.
- 30. increases financial access World Economic Pyramid Banks Mature Markets 500 Mill *>$20k/yr 2 Billion *$3260 to $20k/yr Emerging Markets Unbanked, Mobile Opportunity: 1.7 Billion in 2012 Today 4 Billion *<$3260/yr or <$9/day Source: CGAP 2012 Survival Markets Source: World Resources Institute (*Individual Annual Income: 2005 USD Purchasing Power Parity)
- 31. reduces costs of financial services $ 4.00 $ 3.75 $ 1.50 $ .08 Significant Cost Advantages (cost per transaction) Branch Live Rep IVR Mobile ©mPay Connect, Inc.
- 32. healthcare 9/13/2010 11 Mobile Payments Series ™ Event #4 “Around the World in 80 Minutes: Mobile Money Tackles Global Issues” ©mPay Connect, Inc. mgencer@mpayconnect.com 11
- 33. issues in healthcare (example) Provider Remote No access to banks Patient Expert Not where patients are <$2/day villages Payer How to pay provider?
- 34. food security 9/13/2010 13 Mobile Payments Series ™ Event #4 “Around the World in 80 Minutes: Mobile Money Tackles Global Issues” ©mPay Connect, Inc. mgencer@mpayconnect.com 13
- 35. issue: precarious cycle further exacerbated by lack of financial services No credit/insurance Can’t invest Drought/Natural Resource Crop Output Down Less Money Turn to Sex Work Less Farming No Financial Safety Net No Financial Safety Net Can’t buy food Role of Women Caretaker Burden Up Malnutrition/ Illness HIV HIV Mobile Payments Series ™ Event #4 “Around the World in 80 Minutes: Mobile Money Tackles Global Issues” 14 Source: “New Variant Famine” Hypothesis by Alex De Waal, mPay Connect
- 36. innovations 9/13/2010 15 Mobile Payments Series ™ Event #4 “Around the World in 80 Minutes: Mobile Money Tackles Global Issues” ©mPay Connect, Inc. mgencer@mpayconnect.com 15
- 37. Syngenta’sKalimoSalamain Kenya reducing risk and increasing investments through mobile micro-insurance for small holder farmers Kalimo Salama Kenya Mobile Payments Series ™ Event #4 “Around the World in 80 Minutes: Mobile Money Tackles Global Issues” ©mPay Connect, Inc. mgencer@mpayconnect.com 16
- 38. Panel 9/13/2010 17 Mobile Payments Series ™ Event #4 “Around the World in 80 Minutes: Mobile Money Tackles Global Issues” ©mPay Connect, Inc. mgencer@mpayconnect.com 17
- 39. Panelists & Demos LinkedIn Group: Mobile Payments Series – mPay Connect Matt Flannery Founder and CEO, Kiva.org Microfinance Elizabeth Berthe Dir. of Mobile Fin. Services, Grameen Foundation Microfinance Ben Lyon Founder and CEO, Frontline SMS: Credit Microfinance Bill Barhydt CEO, m-Via Mobile remittances Mike MacHarg Co-Founder, Simpa Networks MenekseGencer CEO, mPay Connect (moderator) Food Security & Healthcare Bernard Kahiga Co-Founder, 3KG Demo: mPesa JeppeDorff SVP Mobile Transactions Clickatell Demo: USSD mobile payments Paul Needham President Jacob Winiecki VP Operations Simpa Networks Demo: Solar Prepay
Notas del editor
- ½ the world’s population (3 billion people) earn less than $2 a dayNo access to savings, loan, insurance, or money transfer
- 4.5 million small holder famers in Kenya, only a few thousand qualified for existing insurance. Feb. 2010 launched. 11,ooo farmers usingProblem: Farmers could not invest in their fertilizer, crops, etc. because they had to mitigate for weather fluctuations, yielding lower crop outputs Banks hesitant to give credit/loans due to weather / crop fluctuations Insurance cost-prohibitive for small holder famers due to: Paper-based admin, monitoring expensive, insurance person to assessSolution Micro-insurance for small holder farmers – reduce risk, increase investment Weather vanesMobile technology/paymentsIssues:Fee structures on micropaymentsMobile coverage ruralWeather stations – only using 10% capability,Coordination, data, private sector, policy to optimize the capital outlay