a new era of money! remittances & financial inclusion
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A New Era of Money! Remittances & Financial Inclusion. Bill Barhydt m - Via. The potential of money to improve the quality of people’s lives increases exponentially with the number of people with access to that money. The Silk Road (114 BC). A New Era of Money. Reed’s Law (2001 AD) - PowerPoint PPT PresentationTRANSCRIPT
A New Era of Money!Remittances & Financial Inclusion
Bill Barhydtm-Via
The potential of money to improve the quality of people’s lives increases exponentially with the number of people with access to
that money.
A New Era of Money
The Silk Road (114 BC)
Reed’s Law (2001 AD)Value created by a Network = 2N – N – 1
From Silk to Silicon
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"The mobile phone is the single most transformative technology for human development."
Jeffrey Sachs, Columbia University economist and emerging markets expert
”The adoption of the mobile phone is the most important development in human history."
Mohamed YunusNobel Prize Winner, Founder Grameen Bank
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“The Fortune at the Bottom of the Pyramid”by C.K. Prahalad and Stuart L. Hart, HBR September 2002
More than $20,000
$1,500 - $20,000
Less than $1,500
100 Million People (1.6% of World Population)
1.9 Billion People(32% of World Population)
19x
4 Billion People(66% World Population)
40x
Annual Income Population
MFSSweet Spot
M-Pesa means “Mobile Money” in Swahili
9 Million participants40% of adult population
17,000 Agents
10% of GDP flows MONTHLY
Fees are 8% of Safaricom revenues19% of airtime purchases through M-
Pesa
Virality designed into system
Requires government ID for registration
Registration done at any Safaricom agent
Free registration (includes new SIM)No minimum balance requiredDeposits are freeWithdrawals cost between $.30-$.40P2P transfers $.40
Philippines Globe & Smart – Dominant Carriers
76 Million Phone Accounts33 Million Bank AccountsNo Mobile Money interoperability!
GCASH – 18,000 AgentsPhilippines – 8,900 ATM machines
$300M per month in transaction volume
Largest music business in country is MMS
US $29 Billion per Year
Two Different Approaches in 1 Market
What about closer to home?
Bansefi provides bank services for poor
Largest issuer of debit cards in Mexico
Government social payments
Runs Directo a Mexico for remittances
Instrumental in new correspondent banking regulation creates tens of thousands of rural banking locales
Correspondent bank to hundreds of regional “micro-banks” Red de la Gente (People’s Network)
US to Mexico -> world’s largest money transfer corridor
Goal is to leverage remittances as a source of new bank accounts
Model has been highly successful with millions of new accounts opened
Over 9 Million Mexican Migrants in CA
Pay bills, top up phones and send money Cross border money transfer via SMS Wallet account is a prepaid card with NO plastic New accounts are real-time upon first send/receive Works via SMS, IVR, WWW, Live Operator Convenient and safe cash in/out POS and ATM cash-out (no card)
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M-Via Mobile Money Network
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m-Via Mobile Money Service
m-Via Mobile Wallet
Functions like a prepaid cardNo Plastic Required = $0 cost
Money Transfer, Bill Pay, Top-up
We Address the Cash Consumer
10,000’s of agentsCash load/withdrawal at retail
SMS & IVR interface
Send
Money
24x7Access
MakePurchases
1. Sign up for m-Via via 888-880-MVIA
2. Load cash into wallet at any m-Via Retail Agent
3. Transfer or Pay via ANY phone
4. Withdraw cash at any m-Via Retail Agent
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Send $ from US or MX via m-Wallet
Safe, Fast, Easy & Affordable
Load cash at m-Via Agent
Get money at alocal ATMNO CARD required!
Receive $ in US or MX via Mobile Wallet
Make purchasesOr send moneyto any other wallet
Get money atm-Via agent NO CARD required!
M-Via Mobile Money NetworkHow it works…
Pay a bill or top up a phone
Any bank can m-Via enable existing or new accounts
M-Via enabled accounts can remit to ANY mobile #
Support infinite number of bank processors
m-Via Launch PartnersUS Retail Agents LatAm Retail AgentsBank/Payments Partners
M-Via plans to give away up to 100,000 phones in the next 12 months for one year subscribers
Phone recipient to be chosen by new
m-Via subscribers in the USA.
M-Via package now includes:M-Via Account for sender and recipientMobile PhoneOptional Mobile Bansefi accountOptional 2nd phone at < $50
US Launch PlansCalifornia
TexasNew York
New JerseyIllinoisArizonaNevadaGeorgiaFlorida
International Launch PlansMexico
GuatemalaEcuador
HondurasDominican Republic
HaitiPhilippines
India
Partnering with m-ViaUS Retail partners
International MFI’s Regional Banks
Regional Carriers/Wallet Operators
The potential of money to improve the quality of people’s lives increases exponentially with the number of people with access to
that money.
