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M PAYMENTS AND OTHER ALTERNATIVE PAYMENT CHANNELS
FELIX MUSAU
DEFINITIONS
Mobile Payments :
M-payment (mobile payment) is a point-of-sale payment made through a mobile device, such as a cell phone .
Alternative Payments : Are any other non phone and cash alternatives such as card . The Farmer = The Boss
OUR PERSPECTIVE
Farmer Centric “ The Boss”
THE MIND OF THE FARMER ( THE BOSS)
Farmer
VetSchool
heath
Food
Other day to day
Cow Feed
SEVERAL ISSUES FACE THE FARMER CASH IS KING
Farmer
Cash FlowLogisticsFeeding Tech.Others
VALUE CHAIN
Farmer
Transport
Chilling Plant
Processing
THE DREAM : MILK CURRENCY
Farmer gets his value at the point of delivery. Value is imputed to his Maziwa card which is
tied to his mobile. Merchants signup to ecosystem to be able to
accept this value Value is immediately available to the entire
supply chain.
FARMER PAYMENTS
Farmer Delivers
GoodFarmers
Payment is available for
Pickup
Farmer Registers at
Sacco for Payment
Payments sent via Mpesa, Yu,
Zap, Direct Deposit
Farmer Receives
Funds
Any Payment MethodMPESA, ZAP, YU,
Sacco Acct
THE GOAL: BRING THE PLAYERS TOGETHER
Bank Sacco / Cooperatives Health Providers Insurance Schools Agricultural product/ Service Suppliers
INSTANT CASHValue X is put in his Maziwa Account
Farmer goes to by Silage at a store
Store processes txn if OK .
Processor Settles through
Maziwa Account
Farmer Delivers Instant Loans
On Deliveries
WHO WILL FINANCE THIS ? ( OPTIONS)
Sacco Supplier Finance ( Guaranteed Credit) Bank MFI Peer to Peer Market Place
A WIN-WIN SITUATION FOR EVERYONE
Farmer gets the benefits of traceablity. Amounts can be controlled. More financing options opens for the farmer
once he get into the formal channels. Farmer can meet his daily household needs
as well as have access to good quality cow inputs ( food, medicine Etc)
THE PRODUCT AND SERVICE PROVIDERS
Increased business as more farmers spend on good quality inputs.
Benefit from Electronic Records
To the Processor
Improved Cashflows as the farmer does not have to keep pushing for his payment.
CRITICAL SUCCESS FACTORS
You
And
I
WHERE DO WE COME IN ?
Mobipay is the Glue that puts this all
together, By providing the necessary technology linkages, Integrations that tie up all the players in sector.
WHO ARE WE ?
Proudly Kenyan company with the vision of facilitating Trade and Commerce in Africa through innovation in the provision of financial services.
Mobipay has been contracted by Agritrace to provide mobile transaction solutions to the Diary industry.
