1 / 14

بسم الله الرحمن الرحیم

بسم الله الرحمن الرحیم. Brief Introduction On Mobile Money Institutions (EMIs). By: Noorullah Delawari Governor of Da Afghanistan Bank. m obile money Concept.

arlo
Download Presentation

بسم الله الرحمن الرحیم

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. بسم الله الرحمن الرحیم

  2. Brief Introduction On Mobile Money Institutions (EMIs) By: NoorullahDelawari Governor of Da Afghanistan Bank

  3. mobile money Concept • Mobile Money Institution or (EMI): A legal entity that accepts banknotes, coins, or other means of payment in exchange for e-money, and facilitates the transfer of this e-money to make payments. • Mobile Financial Services: The use of a mobile phone to access financial services and execute financial transactions. This includes both transactional and non-transactional services. • E-money:A value stored on an electronic device and usable to make payments to other parties

  4. Access to Financial Services in Afghanistan • 16 Commercial banks,1 specialized microfinance bank and 6 Islamic banking windows • 4 Insurance companies, 6 microfinance institutions, • 513 Money Service Providers with 292 representative offices, • 1205 Foreign Exchange Dealers • 2 out of 1,000 persons have a loan account • 26 out of 1,000 persons have a savings account • 0.6 branches per 100,000 persons • 0.03 branches per 1,000 square kilometers

  5. Access to Financial Services… continued

  6. Access to Financial Services … continued • 840 banking facilities dealing with around 3.4 million depositors and 67 thousand borrowers • By end of 2012, the total asset of the banking sector has reached AFN 224 billion (USD billion 4.19) representing 21% of GDP • The capital adequacy ratio is at an acceptable level of 22% as at the end of 2012, and the total deposits of the banking sector stands at AFN 201.77 billion (USD 3.68 billion). • The total size of the Islamic banking business amounted to AFN 8.2 billion (around USD million 158), i.e. almost 3.7% of the total banking sector assets.

  7. Role of Mobile Money in Financial Inclusion • Extends financial Services to low income population • Improves efficiency and productivity by lowering transaction costs • Generates new employment opportunities • Creates platform on which other Businesses can grow • Improves security

  8. Benefits of Mobile Money • Cheaper than other alternatives to cash • Safer, reliable and convenient • Higher in speed and liquidity • Improves livelihood • Increases access to further financial services (credit, insurance, savings and etc) • Improves monitoring of financial flows and reduces illegal activities

  9. DaAfghanitan Bank Initiatives • Revised MSP Regulation to address Mobile Money Sector’s Needs, • Issued EMI licenses to 2 Mobile Network Operators: • MSDA (M-Paisa) - Roshan • mHawala – Etisalat • Issued NOCs to AWCC and MTNA for pilot projects • Encourages all interested investors to invest • Preparing to provide technical assistance to EMIs

  10. Current Status of Mobile Money Sector • Total Assets of Licensed EMIs: USD 8 million • Total e-money amount of clients: USD 3.8 million • EMIs are operating over: 32 provinces and in 192 cities/districts • Total number Mobile Money agents: 245 • Total number of active Mobile Money Users: 10,000

  11. Current Status of Mobile Money SectorContinued • Total number of registered Users: 1.37 million • Average number of monthly transactions: 38,000 • Average amount of monthly transactions: AFN 265 million • Average amount of monthly salary payments: AFN 100 million • Average amount of loan repayments: AFN 7.1 million • Total number of National Police who receive salary: 1300

  12. Types of Services • Salary Payments • Pill Payments • Loan Repayments • Airtime Purchase • Domestic Transfers • Upcoming facilities • Microfinance Payments • Electricity Bill Payments

  13. Future Potentials • Millions of Mobile Network clients can be easily transferred to Mobile Money Services Users • Further growth opportunities would arise by interoperability between banks, MNOs and merchants • Convenience and safety of payments would boost the usage in utility payment in scale • Uncovered population by banking system is best market for providing financial servies • Opportunity to do salary/fess payments, tax revenue collection and monitor financial flows in the country

  14. Thank You

More Related