1 / 26

A New Era of Money! Remittances & Financial Inclusion

A New Era of Money! Remittances & Financial Inclusion. Bill Barhydt m - Via. The potential of money to improve the quality of people’s lives increases exponentially with the number of people with access to that money. The Silk Road (114 BC). A New Era of Money. Reed’s Law (2001 AD)

iain
Download Presentation

A New Era of Money! Remittances & Financial Inclusion

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. A New Era of Money!Remittances & Financial Inclusion Bill Barhydtm-Via

  2. The potential of money to improve the quality of people’s lives increases exponentially with the number of people with access to that money.

  3. The Silk Road (114 BC) A New Era of Money Reed’s Law (2001 AD) Value created by a Network = 2N – N – 1

  4. From Silk to Silicon

  5. ”The adoption of the mobile phone is the most important development in human history." • Mohamed Yunus • Nobel Prize Winner, Founder Grameen Bank "The mobile phone is the single most transformative technology for human development." Jeffrey Sachs, Columbia University economist and emerging markets expert 7

  6. Population Annual Income 100 Million People (1.6% of World Population) More than $20,000 1.9 Billion People (32% of World Population) 19x $1,500 - $20,000 MFS Sweet Spot 4 Billion People (66% World Population) 40x Less than $1,500 “The Fortune at the Bottom of the Pyramid” by C.K. Prahalad and Stuart L. Hart, HBR September 2002

  7. M-Pesa means “Mobile Money” in Swahili 9 Million participants 40% of adult population 17,000 Agents 10% of GDP flows MONTHLY Fees are 8% of Safaricom revenues 19% of airtime purchases through M-Pesa

  8. Virality designed into system Requires government ID for registration Registration done at any Safaricom agent Free registration (includes new SIM) No minimum balance required Deposits are free Withdrawals cost between $.30-$.40 P2P transfers $.40

  9. Two Different Approaches in 1 Market Philippines Globe & Smart – Dominant Carriers 76 Million Phone Accounts 33 Million Bank Accounts No Mobile Money interoperability! GCASH – 18,000 Agents Philippines – 8,900 ATM machines $300M per month in transaction volume Largest music business in country is MMS US $29 Billion per Year

  10. What about closer to home?

  11. Bansefi provides bank services for poor Largest issuer of debit cards in Mexico Government social payments Runs Directo a Mexico for remittances Instrumental in new correspondent banking regulation creates tens of thousands of rural banking locales Correspondent bank to hundreds of regional “micro-banks” Red de la Gente (People’s Network)

  12. US to Mexico -> world’s largest money transfer corridor Goal is to leverage remittances as a source of new bank accounts Model has been highly successful with millions of new accounts opened

  13. Over 9 Million Mexican Migrants in CA

  14. M-Via Mobile Money Network • Pay bills, top up phones and send money • Cross border money transfer via SMS • Wallet account is a prepaid card with NO plastic • New accounts are real-time upon first send/receive • Works via SMS, IVR, WWW, Live Operator • Convenient and safe cash in/out • POS and ATM cash-out (no card)

  15. m-Via Mobile Money Service 1. Sign up for m-Via via 888-880-MVIA 2. Load cash into wallet at any m-Via Retail Agent Send Money m-Via Mobile Wallet Functions like a prepaid card No Plastic Required = $0 cost Money Transfer, Bill Pay, Top-up We Address the Cash Consumer 10,000’s of agents Cash load/withdrawal at retail SMS & IVR interface 24x7 Access Make Purchases 3. Transfer or Pay via ANY phone 4. Withdraw cash at any m-Via Retail Agent

  16. M-Via Mobile Money Network How it works… Safe, Fast, Easy & Affordable Make purchases Or send money to any other wallet Send $ from US or MX via m-Wallet Get money at a local ATM NO CARD required! Receive $ in US or MX via Mobile Wallet Get money at m-Via agent NO CARD required! Load cash at m-Via Agent Pay a bill or top up a phone

  17. Any bank can m-Via enable existing or new accounts M-Via enabled accounts can remit to ANY mobile # Support infinite number of bank processors

  18. m-Via Launch Partners Bank/Payments Partners US Retail Agents LatAm Retail Agents

  19. M-Via plans to give away up to 100,000 phones in the next 12 months for one year subscribers Phone recipient to be chosen by new m-Via subscribers in the USA. M-Via package now includes: M-Via Account for sender and recipient Mobile Phone Optional Mobile Bansefi account Optional 2nd phone at < $50

  20. US Launch Plans California Texas New York New Jersey Illinois Arizona Nevada Georgia Florida

  21. International Launch Plans Mexico Guatemala Ecuador Honduras Dominican Republic Haiti Philippines India

  22. Partnering with m-Via US Retail partners International MFI’s Regional Banks Regional Carriers/Wallet Operators

  23. The potential of money to improve the quality of people’s lives increases exponentially with the number of people with access to that money.

  24. Thank You… bill@m-via.com Twitter: @billbarhydt

More Related