Mobile network operators can’t provide mobile money without a bank. At the very least, banks must hold the electronic value stored in customers’ and agents’ wallets. It’s also impossible for banks to offer mobile money without an operator. Banks need operators to provide a data channel for mobile transactions. But between these two extremes, there are many ways for banks and operators to work together.
This section highlights articles, blog posts and other useful resources for operators.
1. HOW DO BANKS AND OPERATORS WORK TOGETHER TO OFFER MOBILE MONEY FOR THE UNBANKED?
Author: Neil Davidson, GSMA
This article looks at different ways banks and operators can work together to offer mobile money. It explores their respective interests and strengths, and examines the mobile money value-chain. It includes two case studies: one featuring Safaricom, Commercial Bank of Africa, Equity Bank, and other Kenyan banks and one study featuring Telenor Pakistan and Tameer Microfinance Bank.
RELATED BLOG POSTS
- Mobile Money for the Unbanked
On Channels
The mobile financial service value chain can be disaggregated in a variety of different ways, giving rise to an interesting range of business models. This is good for customers and for the variety of players that seek to play a role in the mobile money for the... - Mobile Money for the Unbanked
Regulating non-bank mobile money service providers
It is no longer the case that Kenya is the only market where mobile money is scaling fast. In two neighbouring countries, Uganda and Tanzania, mobile money is now reaching millions of customers. Two services in particular have grown particularly fast. Who’s ... - Mobile Money for the Unbanked
Operator-bank partnerships: a case study featuring Safaricom and Equity Bank - Part 2
At the recent MMU working group in Kuala Lumpur, John Staley, director of shared services at Equity Bank, and Waceke Mbugua, head of M-PESA marketing, shared with the group how they worked together to forge M-KESHO. This is the second and final part of the cas... - Mobile Money for the Unbanked
Operator-bank partnerships: a case study featuring Safaricom and Equity Bank - Part 1
At the end of “Mapping and Effectively Structuring Operator-Bank Relationships to Offer mobile money for the Unbanked,” we include a case study that traces the history of Safaricom’s engagement with banks in Kenya as M-PESA evolved. In the early days, ... - Mobile Money for the Unbanked
Bank-led or operator-led? Sometimes, it’s in the eye of the beholder
Banks and operators have come together in a wide variety of configurations in order to offer mobile money for the unbanked. In our research for “Mapping and Effectively Structuring Operator-Bank Relationships to Offer Mobile Money for the Unbanked” we fo... - Mobile Money for the Unbanked
Are relationships between banks and operators to offer mobile money for the unbanked real partnerships?
At the 2010 Leadership Forum for mobile network operators and financial regulators in Rio de Janeiro, one attendee made a provocative suggestion during a discussion about operator-bank partnerships: “The premise of partnership is a premise. A bank could just... - Mobile Money for the Unbanked
The Mobile Money for the Unbanked Value Chain
The heart of the new MMU article “Mapping and Effectively Structuring Operator-Bank Relationships to Offer Mobile Money for the Unbanked” is an inventory of all of the activities that must be performed in order to offer mobile money for the unbanked, and t... - Mobile Money for the Unbanked
Citi Global Transaction Services and the GSMA Hosted Mobile Money Policy Forum in Kenya
Citi Global Transaction Services and the GSMA hosted a conference in Nairobi in December titled “ Mobile Money Policy Forum: Partnerships for Financial Inclusion in Africa”. The two-day event was designed to discuss regulatory frameworks to enable mobile c... - Mobile Money for the Unbanked
A new MMU article on the relationships between banks and mobile operators
Offering a mobile money service for the unbanked requires the participation of both a bank and a mobile operator. That means these two parties need to align on what parts of the mobile money value chain each will carry out, agree on a way of working with each ... - Mobile Money for the Unbanked
Who Says Elephants Can’t Dance? Structuring Win-Win Partnerships Between Banks and MNOs
By now it’s a well-known fact: strategic alliances in general are complex to structure, and harder to manage. This is especially true when stakeholders are large, powerful, and from different industries with fundamentally distinct business models, as the cas... - Mobile Money for the Unbanked
Tameer Microfinance Bank and Telenor Provide Insights on easypaisa
The launch of Pakistan’s ‘easypaisa’ by Telenor and Tameer Microfinance Bank was one of the most exciting deployments of 2009. Targeting the massive unbanked segment and initially supported by a network of 2,000 agents, it’s not surprising that easypai...
0 Comments