Mobile Money Transfer. Why MMT? Opportunity to Save Safe Storage/Deposit Transaction Cost Rent...

Mobile Money Transfer

Why MMT?

• Opportunity to Save• Safe Storage/Deposit• Transaction Cost• Rent Seeking Behaviour• Convenience• Pride and Dignity• Access to financial services

Why MMT?

• NGO-AB Compliance• Lower Administrative Cost• Higher Efficiency• Effective Risk Management• Greater Accountability

MMT Process

Registration for Mobile SIM & Account

Opening Mobile Account (bKASH/DBBL)

Confirmation of activated account

SIM distribution

Money Transfer & Cash out

KYC formNational ID

PhotoSignature

Check and send to GP/BL

SIM number, Fill with Phone number submit

to bKASH/DBBL

PIN Code Number

Cash Transfer to bKAS/DBBL from GKS

Agents

Agents

Agents

Agents

Selection of service provider & Agreemnet

Selection of Service Provider

• Cost Structure• Agent Coverage• Liquidity strength of the Agents• Flexibility of the service provider• Other issues that can be account for• Network Coverage• Air-time cost

Keep in mind

• Awareness session/IEC materials • Regular Communication and follow-up with

MMT agents

Possible Risk

• Beneficiary identification– ID card

• Agents could be fraud• During cash withdraw– Extra money from beneficiary

Cash Transfer modalities

• One of transfer??• Bogura-3000+2000+3000• Rest-3000+2000