Greta Bull, CEO

June 3, 2016

International Remittances andMobile Network Operators

An Evolving Landscape of Providers

0

10

20

30

40

50

60

70

80

Source: World Bank, Global Findex Database

Kenya Tanzania Uganda

% of population with

an account

Rural bank account 2011

Rural any account 2014

Rural bank account 2014

Poorest 2011

Poorest 2014

Mobile Driving Financial Inclusion for Africans

Cross-Border Mobile Money RemittancesLive Corridors as of December 2015

Uganda

Tanzania

Kenya

South Africa

Zimbabwe

MalawiZambia

Democratic

Republic of Congo

Senegal

TogoCôte d’Ivoire

Mali Niger

Benin

Rwanda

Source: GSMA

Hubs Playing an Aggregation Role

Source: Transfer To Website

0

2

4

6

8

10

12

Q1

2011

Q3

2011

Q1

2012

Q3

2012

Q1

2013

Q2

2013

Q3

2013

Q4

2013

Q1

2014

Q2

2014

Q3

2014

Q4

2014

Q1

2015

Q2

2015

Q3

2015

Q4

2015

Remittance Prices Worldwide

Total average cost

for sending

remittances (%)

Sub-Saharan Africa

East Asia - Pacific

South Asia

Global

MNOs

Source: The World Bank, “Remittance Prices Worldwide” (December 2015)

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