Business Transformation and Mobile Money

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Presentation transcript:

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

Mobile Ecosystem in Nepal: Exploring Opportunities and Challenges Trends 12/12/2011 Mobile Ecosystem in Nepal: Exploring Opportunities and Challenges

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

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

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

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 MFS MNOs Banks Agents Utility Providers Regulators International Financial Institutions Civil Society Mobile Ecosystem in Nepal: Exploring Opportunities and Challenges 2011

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

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

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

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