web versus mobile payments
TRANSCRIPT
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Web VersusMobile Payments In
NigeriaOladipo Olasemo
Developer Community Manager
Mobile Monday NigeriaNovember 2013
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Denitions
!"e Players and t"e regulatory #rame$or%
W"at are people saying
!"e &tory so #ar'(
!"e Value C"ain
!"e regulatory #rame$or%
Mobile Money Models )lobal !rends
!"e C"allenges in Nigeria
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Denitions
Mobile Money is a servi*e in $"i*" a mobile p"one is used toa**ess nan*ial servi*es(
Mobile Money !rans#er +MM!, is a movement o# value t"at ismade #rom a mobile $allet- a**rues to a mobile $allet- and.or isinitiated using a mobile p"one(
Mobile Payment is a movement o# value t"at is made #rom amobile $allet- a**rues to a mobile $allet- and.or is initiatedusing a mobile p"one( &ometimes- t"e term mobile payment isused to des*ribe only trans#ers to pay #or goods or servi*es-eit"er at t"e point o# sale(
/gent a person or business t"at is *ontra*ted to #a*ilitatetransa*tions #or users( !"e most important o# t"ese are *as"inand *as"out +i(e( loading value into t"e mobile money system-and t"en *onverting it ba*% out again, in many instan*es-agents register ne$ *ustomers too
Source: GSMA Mobile Money Defnitions July 2010
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!"e Players Mobile Money
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Opinion Poll +/ug 2013, Mobile MoneyWars
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!"e &tory &o 4ar'((
Wit" t"e li*ensing o# 15 Mobile Money Operators t"us #ar- t"emobile money spa*e "as $itnessed a lot o# revolution(
&in*e *ommen*ement o# operations in 2012- t"eir overall
per#orman*e is as given belo$
!otal number o# &ubs*ribers 6-656-267
!otal number o# /gents enrolled 87-969
!otal volume o# !ransa*tions over 11m
!otal value o# !ransa*tions over N10:bn
Produ*t o;erings Cas"In- Cas"Out-
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!"e &tory &o 4ar'((
Source: Mobile Money and Telco Regulation in Nigeria; Musa to!a Ji"o#; nternational $on%erence
on &ay"ents Syste"s Se!te"ber 201'
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!"e &tory &o 4ar'((
Source: Mobile Money and Telco Regulation in Nigeria; Musa to!a Ji"o#; nternational $on%erence
on &ay"ents Syste"s Se!te"ber 201'
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MM! Value C"ain
Source: De(elo!ing t#e )usiness $ase %or your MMT Ser(ice; Mene*se Genser; Mobile Money
Trans%er $on%erence 200+ "&ay $onnect
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MM! Value C"ain
Source: De(elo!ing t#e )usiness $ase %or your MMT Ser(ice; Mene*se Genser; Mobile Money
Trans%er $on%erence 200+ "&ay $onnect
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MM! Value C"ain
Source: De(elo!ing t#e )usiness $ase %or your MMT Ser(ice; Mene*se Genser; Mobile Money
Trans%er $on%erence 200+ "&ay $onnect
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=egulatory 4rame$or%
!"e =egulatory 4rame$or% +2006, #or MobileMoney provides #or 3 models ed- Noned and
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Mobile Money Models
)an*,-ocused Model: !"is is $"ere a ban% deliversban%ing servi*es to *ustomers using t"e mobile p"one
as a delivery *"annel( !"is model *an only be deployedby li*ensed depositta%ing nan*ial institutions in*luding
Mi*ronan*e
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Mobile Money Models
Non,)an*,.ed Model: !"e model allo$s a*orporate organiAation t"at "as been dulyapproved by t"e C
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!"e C"allenges
Inadeuate *apital outlay by t"e Mobile MoneyOperators +MMOs,(
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Web.Online Payments
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Introdu*tion
/n online payment servi*e allo$s buyers to use a *redit *ard orele*troni* ban% trans#er to pay #or goods orservi*es pur*"ased online(
!o use an online payment servi*e- t"e buyer and seller generallyset up a**ounts t"at allo$ t"em to ma%e or a**ept payments(
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!"e Players
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!"e story so #ar'((
Source: un*no/n
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!"e C"allenges
!rust Nigerians pre#er pay ondelivery
Internet penetration
In#rastru*ture *"allenges
/$areness and edu*ation
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Euestions