Web Versus Mobile Payments

7/23/2019 Web Versus Mobile Payments

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Web VersusMobile Payments In

NigeriaOladipo Olasemo

Developer Community Manager

Mobile Monday NigeriaNovember 2013


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Denitions

!"e Players and t"e regulatory #rame$or%

W"at are people saying

!"e &tory so #ar'(

!"e Value C"ain

!"e regulatory #rame$or%

Mobile Money Models )lobal !rends

!"e C"allenges in Nigeria


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Denitions

Mobile Money is a servi*e in $"i*" a mobile p"one is used toa**ess nan*ial servi*es(

Mobile Money !rans#er +MM!, is a movement o# value t"at ismade #rom a mobile $allet- a**rues to a mobile $allet- and.or isinitiated using a mobile p"one(

Mobile Payment is a movement o# value t"at is made #rom amobile $allet- a**rues to a mobile $allet- and.or is initiatedusing a mobile p"one( &ometimes- t"e term mobile payment isused to des*ribe only trans#ers to pay #or goods or servi*es-eit"er at t"e point o# sale(

/gent a person or business t"at is *ontra*ted to #a*ilitatetransa*tions #or users( !"e most important o# t"ese are *as"inand *as"out +i(e( loading value into t"e mobile money system-and t"en *onverting it ba*% out again, in many instan*es-agents register ne$ *ustomers too

Source: GSMA Mobile Money Defnitions July 2010


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!"e Players Mobile Money


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Opinion Poll +/ug 2013, Mobile MoneyWars


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!"e &tory &o 4ar'((

Wit" t"e li*ensing o# 15 Mobile Money Operators t"us #ar- t"emobile money spa*e "as $itnessed a lot o# revolution(

&in*e *ommen*ement o# operations in 2012- t"eir overall

per#orman*e is as given belo$

!otal number o# &ubs*ribers 6-656-267

!otal number o# /gents enrolled 87-969

!otal volume o# !ransa*tions over 11m

!otal value o# !ransa*tions over N10:bn

Produ*t o;erings Cas"In- Cas"Out-


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!"e &tory &o 4ar'((

Source: Mobile Money and Telco Regulation in Nigeria; Musa to!a Ji"o#; nternational $on%erence

on &ay"ents Syste"s Se!te"ber 201'


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!"e &tory &o 4ar'((

Source: Mobile Money and Telco Regulation in Nigeria; Musa to!a Ji"o#; nternational $on%erence

on &ay"ents Syste"s Se!te"ber 201'


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MM! Value C"ain

Source: De(elo!ing t#e )usiness $ase %or your MMT Ser(ice; Mene*se Genser; Mobile Money

Trans%er $on%erence 200+ "&ay $onnect


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MM! Value C"ain




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MM! Value C"ain




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=egulatory 4rame$or%

!"e =egulatory 4rame$or% +2006, #or MobileMoney provides #or 3 models ed- Noned and


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Mobile Money Models

)an*,-ocused Model: !"is is $"ere a ban% deliversban%ing servi*es to *ustomers using t"e mobile p"one

as a delivery *"annel( !"is model *an only be deployedby li*ensed depositta%ing nan*ial institutions in*luding

Mi*ronan*e


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Mobile Money Models

Non,)an*,.ed Model: !"e model allo$s a*orporate organiAation t"at "as been dulyapproved by t"e C


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!"e C"allenges

Inadeuate *apital outlay by t"e Mobile MoneyOperators +MMOs,(


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Web.Online Payments


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Introdu*tion

/n online payment servi*e allo$s buyers to use a *redit *ard orele*troni* ban% trans#er to pay #or goods orservi*es pur*"ased online(

!o use an online payment servi*e- t"e buyer and seller generallyset up a**ounts t"at allo$ t"em to ma%e or a**ept payments(


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!"e Players


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!"e story so #ar'((

Source: un*no/n


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!"e C"allenges

!rust Nigerians pre#er pay ondelivery

Internet penetration

In#rastru*ture *"allenges

/$areness and edu*ation


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Euestions

Documents

Web Versus Mobile Payments