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Mobile Payment Solutions March 27 th 2012

Mobile Payment Solutions March 27 th 2012. Mobile Payment Solutions. >80% of Rwandan population is unbanked Most economic transactions are cash based GoR encouraging; Financial inclusion for all Increased use of ICT in rural areas. MTN Mobile Money Background.

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Mobile Payment Solutions March 27 th 2012

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  1. Mobile Payment Solutions March 27th 2012
  2. Mobile Payment Solutions >80% of Rwandan population is unbanked Most economic transactions are cash based GoR encouraging; Financial inclusion for all Increased use of ICT in rural areas
  3. MTN Mobile Money Background MTN Rwanda is biggest telecom operator since 1998: 70% market share, 2.9 million subscribers (Feb 2012) Network coverage extends over 98% of population MM launched in Feb 2010 MM Agent network offering service at grass root levels Improved ICT awareness (Mobile based)in rural areas
  4. MTN Mobile MoneyHow does it work? Service is SIM based Register using National ID/PP Menu appears in Eng & Kiny The role of the agent: Register new customers (including SIM swap if necessary) Make deposits for registered customers Pay out money to customers Services offered include deposits, withdraws , buy air time, prepaid electricity on your phone and Bulk payment.
  5. MTN Mobile MoneyBusiness performance MM users 417,000 users (End of Feb 2012) 600 agents across the country and growing Transactions : Min 1500 Frw- Max 500,000 Frw/day $ 81 M transacted since launch +17,000 daily transactions Upcoming Services : Bill Payment Solution International Remittance Micro Finance Solution
  6. MTN Mobile MoneyPartnerships Banks and MFIs offering MM: Agaseke, Amasezerano, Duterimbere, Rwanda Microfinance, Unguka+BK(soon) Platform for Services: Mobile Banking (130,000 users-BPR) Prepaid electricity (41,000 users/day-EWSA)
  7. MTN Mobile MoneyImpact/Benefits More Rwandans (esp rural) access financial services Enhanced use of Mobile phone as ICT tool Services are closer to customers Job creation and increased revenues (Agents/Dealers) Value added services to banks and companies Convenience at finger tips (MM, Mobile Banking & Prepaid electricity) Cost effective and time saving services
  8. Mobile Payment Solutions Thank you
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