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Business Transformation and
Mobile Money
Biswas DhakalCEO (F1Soft)
[email protected] Ecosystem in Nepal: Exploring Opportunities and Challenges 2011
Mobile Ecosystem in Nepal: Exploring Opportunities and Challenges
2
Trends
12/12/2011
What, Why and How?
Mobile Ecosystem in Nepal: Exploring Opportunities and Challenges 2011
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
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
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
Mobile Money Ecosystem
Mobile Ecosystem in Nepal: Exploring Opportunities and Challenges 2011
MFS
MNOs
Banks
Agents
Utility ProvidersRegulators
International Financial
Institutions
Civil Society
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
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
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
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
Thank you
Mobile Ecosystem in Nepal: Exploring Opportunities and Challenges 2011
Biswas DhakalCEO (F1Soft)
Cell:+977-9851079852
