beirut - may 2009 sanabel 6 th annual conference mobile loan management solutions: mobilize payment...
TRANSCRIPT
Beirut - May 2009
Sanabel 6th Annual Conference
MOBILE LOAN MANAGEMENT SOLUTIONS:
Mobilize Payment Services with security & ease-of-use
RAMZI [email protected]
Creova
The concept
Secure Network
Creova
Bank
Extend the delivery channel using the ‘mobile phone’ :A step towards ‘Branchless’Extend the delivery channel using the ‘mobile phone’ :A step towards ‘Branchless’
MFI
The benefits of Mobile Payment
Creova Confidential
The borrower: Get accessibility to manage & pay loan
Reduced transportation
cost,
Less risk, more safety
Save time and focus on
the business at hand
The MFI: Extended outreach to remote
areas Reduced cost of setting new
branches Real-time posting of
payments to bank or branch Less money handling in
branches (costs & risks) Better monitoring of
payment Less paperwork
More social & business development work
Creova Confidential
CREOVA offers an innovative mobile payment software
solution with:
Mobile Loan Management application – designed specifically for
MFI’s
MFI-MIS integration
Key features: security, ease-of-use, real-time, and quality
Treats the complexities of mobile world
Bring practical experience:
Setting up service centers
Working with operators and banks
CREOVA is based in Paris (France), with engineers in US and
Tunisia
CREOVA Mobilize Payment Services with security & ease-
of-use
MFIDirect
Association
Partner/Reseller Gives $1000 to MFI
2
AgencyAccount
3
MFI client gives $100 cash to R.A. 4
R.A. Fills client M-LoanAcct with $1005
Client pays$100 to MFI
M-LoanAccount
6
PartnerAccount
User Account
1 Gives 1000$ loan to Client
0
Creova M-PaySystem
Fill-up Partner account
with $1000
Technology Provider
MFI
Stake Holders
What we’ve done to date
Implemented the technical solution & successfully conducted a
trial with ENDA. 100% participation, and all loans/transactions accounted for.
Tested the solution with 1 mobile operator & started discussions
with the second
Advanced discussions for the commercialization and distribution
of the solution with a bank in Tunisia, in conjunction with a
mobile operator.
We are preparing a "best practice" guide for MFI's to launch the
service.
The « mobile loan management solutions for MFI's » as a starter
for banks
Challenges/Solutions: Regulation, Distribution, Business-Model
Not just a mobile payment transaction - it is a MFI Loan Management
Solution: The integration with MFI MIS - extends the view to the user on his/her mobile
Real-time posting of payments to all parties involved
We work with banks and operators, and local partners to facilitate
the regulatory and service offering. The business model works if each player focuses on their own business. Allow for
shared revenue and additional services as incentive
Finding (or creating) a local service provider relieves the different players and own
the solution from end-to-end
The technology must: Adapt to work with your process and not the reverse (API’s to local partners)
Open and Forward thinking in its design to create new services for the banks and
service providers
