Difference between revisions of "Money transfer for the unbanked"

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(Created page with "People without bank accounts often own mobile phones. Network operators have created solutions for person to person transfers between phones. These are popular in the developing …")
 
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*Most succesfull service is [http://www.gsma.com/mobilefordevelopment/programmes/mobile-money-for-the-unbanked/mmu-examples/m-pesa ] mPesa in Kenya
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*Most succesfull service is [http://www.gsma.com/mobilefordevelopment/programmes/mobile-money-for-the-unbanked/mmu-examples/m-pesa mPesa] in Kenya
 
*Each operator has also its own payment system based on the same model (SMS/USSD)
 
*Each operator has also its own payment system based on the same model (SMS/USSD)
 
**[http://www.orange-money.sn/ ]Orange Money
 
**[http://www.orange-money.sn/ ]Orange Money

Revision as of 14:25, 7 February 2013

People without bank accounts often own mobile phones. Network operators have created solutions for person to person transfers between phones. These are popular in the developing world. Few facts:

  1. GSMA and McKinsey & Company: estimated that 45 million unbanked people were using mobile money in 2009, expected to reach 360 million by 2012
  2. According to Juniper, there were around 100 million active users of mobile money services worldwide in February 2011, a figure they projected to rise to more than 200 million in 2013
  3. Berg Insight reckoned that there were 133 million mobile money users in emerging markets in 2010 and forecast that that number would increase to 709 million by 2015


  • Most succesfull service is mPesa in Kenya
  • Each operator has also its own payment system based on the same model (SMS/USSD)
    • [1]Orange Money
      • [2]Orange Money prototype API
      • [3]Orange money Web Api overview (slides 23-24)
    • [4] MTN Mobile Money
    • [5]Mobile Money by Tigo
    • [6]Telenor Easypaisa
  • [7]GSMA maintains a site with all mobile money deployment