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Business Transformation and Mobile Money

Business Transformation and Mobile Money . Biswas Dhakal CEO ( F1Soft) www.f1soft.com biswas@f1soft.com. Trends. What, Why and How?. What Mobile Money is?. Mobile money a suite of financial services offered through mobile phones and other handheld mobile devices.

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Business Transformation and Mobile Money

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  1. Business Transformation and Mobile Money Biswas Dhakal CEO (F1Soft) www.f1soft.com biswas@f1soft.com Mobile Ecosystem in Nepal: Exploring Opportunities and Challenges 2011

  2. Trends Mobile Ecosystem in Nepal: Exploring Opportunities and Challenges

  3. What, Why and How? Mobile Ecosystem in Nepal: Exploring Opportunities and Challenges 2011

  4. What Mobile Money is? • Mobile money a suite of financial services offered through mobile phones and other handheld mobile devices. These services can include • Person-to-person transfer of funds, such as domestic and international remittances • Person-to-business payments for the purchase of a range of goods and services, and • Mobile banking, through which customers can access their bank accounts, pay bills, or deposit and withdraw funds. Mobile Ecosystem in Nepal: Exploring Opportunities and Challenges 2011

  5. Why Mobile Money? • Mobile Money provides enormous potential for development impact • Cash Less Transaction provides flexibility to FI’s for investment in development sector (Hydropower and Mega Projects, which provides opportunity for creating more jobs) • Increase the efficiency of Human Resource and focused on core responsibilities • Reaching the unbanked economy Mobile Ecosystem in Nepal: Exploring Opportunities and Challenges 2011

  6. How Mobile Money? “Simple Value Proposition” Cheaper, Easier and Secure “If you built it – They will use it” Mobile Ecosystem in Nepal: Exploring Opportunities and Challenges 2011

  7. Mobile Money Ecosystem Mobile Ecosystem in Nepal: Exploring Opportunities and Challenges 2011

  8. Resources of Mobile Money • 190+ financial institution • 6,000+ agent based networks • 1,200+ ATM outlets • 500,000+ Mobile Banking Users • 1,000+ merchants • 1.2M+ mobile subscribers Mobile Ecosystem in Nepal: Exploring Opportunities and Challenges 2011

  9. Utilization of Resources • Provides competitive advantage to set yet another example on mobile business after M-Pesa& G-Cash Mobile Ecosystem in Nepal: Exploring Opportunities and Challenges 2011

  10. Example • Cash out from mobile using • Agents network of 2500+ • 1200+ ATM outlets • 600+ Bank branch location • Direct Deposit in 1M+ bank-accounts Mobile Ecosystem in Nepal: Exploring Opportunities and Challenges 2011

  11. Impact • More business opportunities and more jobs • Improve the way of doing business • Technology advancement • Overall economy development Mobile Ecosystem in Nepal: Exploring Opportunities and Challenges 2011

  12. Thank you Biswas Dhakal CEO (F1Soft) www.f1soft.com biswas@f1soft.com Cell:+977-9851079852 Mobile Ecosystem in Nepal: Exploring Opportunities and Challenges 2011

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