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Business Transformation and Mobile Money Biswas Dhakal CEO (F1Soft) Mobile Ecosystem in Nepal: Exploring Opportunities.

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Presentation on theme: "Business Transformation and Mobile Money Biswas Dhakal CEO (F1Soft) Mobile Ecosystem in Nepal: Exploring Opportunities."— Presentation transcript:

1 Business Transformation and Mobile Money Biswas Dhakal CEO (F1Soft) Mobile Ecosystem in Nepal: Exploring Opportunities and Challenges 2011

2 Trends 12/12/2011 Mobile Ecosystem in Nepal: Exploring Opportunities and Challenges 2

3 What, Why and How? Mobile Ecosystem in Nepal: Exploring Opportunities and Challenges 2011

4 What Mobile Money is? Mobile money a suite of financial services offered through mobile phones and other handheld mobile devices. These services can include – Person-to-person transfer of funds, such as domestic and international remittances – Person-to-business payments for the purchase of a range of goods and services, and – Mobile banking, through which customers can access their bank accounts, pay bills, or deposit and withdraw funds. Mobile Ecosystem in Nepal: Exploring Opportunities and Challenges 2011

5 Why Mobile Money? Mobile Money provides enormous potential for development impact – Cash Less Transaction provides flexibility to FIs for investment in development sector (Hydropower and Mega Projects, which provides opportunity for creating more jobs) – Increase the efficiency of Human Resource and focused on core responsibilities – Reaching the unbanked economy Mobile Ecosystem in Nepal: Exploring Opportunities and Challenges 2011

6 How Mobile Money? Simple Value Proposition Cheaper, Easier and Secure If you built it – They will use it Mobile Ecosystem in Nepal: Exploring Opportunities and Challenges 2011

7 Mobile Money Ecosystem Mobile Ecosystem in Nepal: Exploring Opportunities and Challenges 2011 MFS MNOs Banks Agents Utility Providers Regulators Internationa l Financial Institutions Civil Society

8 Resources of Mobile Money 190+ financial institution 6,000+ agent based networks 1,200+ ATM outlets 500,000+ Mobile Banking Users 1,000+ merchants 1.2M+ mobile subscribers Mobile Ecosystem in Nepal: Exploring Opportunities and Challenges 2011

9 Utilization of Resources Provides competitive advantage to set yet another example on mobile business after M-Pesa & G-Cash Mobile Ecosystem in Nepal: Exploring Opportunities and Challenges 2011

10 Example Cash out from mobile using – Agents network of – ATM outlets – 600+ Bank branch location – Direct Deposit in 1M+ bank-accounts Mobile Ecosystem in Nepal: Exploring Opportunities and Challenges 2011

11 Impact More business opportunities and more jobs Improve the way of doing business Technology advancement Overall economy development Mobile Ecosystem in Nepal: Exploring Opportunities and Challenges 2011

12 Thank you Mobile Ecosystem in Nepal: Exploring Opportunities and Challenges 2011 Biswas Dhakal CEO (F1Soft) Cell:


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