Gsma submission global compact for safe, orderly and regular. This service is therefore only available to people who possess a formal bank account. Mobile enabled persontoperson payments, or mobile money transfer services mmt, are experiencing rapid adoption in many markets, in response to steady growth in remittances, the worldwide ubiquity of cell phones, and the need for an electronic p2p payment alternative to paperbased mechanisms like cash and checks. Gsma mobile money certification in april 2018, demonstrating the mobile industrys commitment to bringing safe, transparent, and resilient financial services to mobile money users around the world. Enabling mobile money policies in kenya fostering a digital. For more information, please visit the gsma corporate website at. Mobile money refers to financial transactions and services that can be carried out using a mobile device such as a mobile phone or tablet. The full findings of this years state of the industry report on mobile money are based on the analysis of data collected through the gsma s annual global adoption survey. The gsma mobile money programme is working with mobile operators and industry stakeholders to create a robust mobile money ecosystem, which will increase the relevancy and utility of these services, and ensure their sustainability. Gsma innovation city presents an immersive showcase of the latest innovations in mobile with a particular focus on intelligent connectivity, solutions which benefit from a combination of the 5g era family of mobile networks, smart platforms with artificial intelligence and data from multiple iot devices. For more information on full subscription access, contact us. Mobile banking is a financial service often available in developed countries, but not in most.
The gsma has just released the state of the mobile industry worldwide report for 2017. In innovations, less than two years ago, nick hughes and susie lonie described how they conceptualized, piloted and, in 2007 launched, mpesa, an awardwinning money transfer technology based on mobile phones. Authored by juliet maina, advocacy and regulatory manager, mobile money. The progress, challenges and most groundbreaking industry trends are explored in this years flagship report from the gsmas mobile money team. Introducing the gsma mobile money certification youtube.
The latest state of mobile money in subsaharan africa presentation, made available by the gsma in tanzania this week, reveals that the number of. Gavin krugel, director, mobile money transfer programme, gsma. Apr 06, 2020 policymakers and regulators play a crucial role in shaping the way the mobile industry responds to key issues. Mobile money services design and development for financial. Mobile money providers should use the toolkit to conduct a detailed selfassessment of their business practices, which is the first step in the certification process. Pdf mobile money services development the cases of the. This blog was cowritten by nicolas vonthron and chris williamson.
For this reason, the gsma defined a restful harmonized mobile money api. There is an absence bank and mobile phone agents in the most vulnerable areas where the project operates. By making mobile money more central to the financial lives of these. Gsma intelligence is the definitive source of mobile industry insights, forecasts and research, used around the world. For gsma, the mobile money ecosystem includes mobile money providers and all third party organisations that can benefit from mobile money, either by using it as a payment mechanism or by leveraging mobile money accounts. Ifc has recognized the potential of using mobile money as a mechanism to deliver financial inclusion and, in november 2012 mobile money was formally adopted as a significant part of its access to finance work. Apr 12, 2018 the gsma launched the global mobile money certification scheme, an initiative intended to increase consumer confidence in the security and reliability of services from operators, banks and other providers.
Each part contains a number of documents or tools, some specifically designed for this toolkit, others collected from the public domain. The gsma mobile money certification is a global initiative to bring safer, more transparent, and more resilient financial services to millions of mobile money users around the world. The reach of mobile communications is extending rapidly 6 billion mobile connections this year 5 billion mobile connections in the developing world 4 out of 5 new connections are made in the developing world mobile enabled commercial business models are increasingly seen as a promising. Singularly positioned at the intersection of the mobile ecosystem and the development sector, we stimulate digital innovation to deliver both sustainable business and largescale socioeconomic impact for the underserved. Major growth of mobile money services has thus far been largely outside west africa in general, although there are many positive success stories gsma intelligence country overview. The gsma mobile money certification toolkit is the foundation of the certification process. Pdf this study intends to increase understanding of how different types of. The emergence of mobile money in zimbabwe has proved very popular as organisations across sectors try to develop and package the product.
These services may or may not be linked directly to a bank account. Mobile money is here to stay the success of mobile money in kenya has been nothing short of phenomenal. Senior executives in mobile and adjacent industry verticals come to learn and discuss in detail their challenges and successes as well as network with peers. Gsm association nonconfidential mobile money apis security design and implementation guidelines page 6 of 49 1 introduction the mobile money environment is fragmented with each platform vendor offering their own api. Jul 05, 2018 bankled mobile money isnt working for womens savings groups. It is based on independent assessments of a providers ability to deliver secure and reliable services, to protect the rights of consumers and to combat money. Mobile money assessment and contracting guide cash learning. Gsma mobile money about this report authored by juliet maina, advocacy and regulatory manager, mobile money.
The purpose of this paper is to evaluate how the surge in mobile money usage impacts on the payment systems in ghana. Promise and perils an article by the economist intelligence unit over the last decade, africa has become a global leader in mobile moneycashless electronic payment that use mobile telephones as the main payment mechanism, rather than using a smartphone only as a conduit to a users bank or credit card account. The gsma closely tracks changes in these areas and has used the insights it has gained to create a range of highquality training courses. The report also uses qualitative insights on the performance of mobile money services based on the gsma mobile money programmes engagement with the industry over the past. Thus, it is vital they keep pace with the latest industry developments and regulatory approaches.
It includes documents available from cgap, usaid, the world bank, gsma, and other organizations that are doing research in the realm of mobile money. The gsma outlined in its report that there are still obstacles in helping mobile money services achieve their full potential in the region. The mobile for development team drives innovation in digital technology to reduce inequalities in our world. According to the gsma 1 website, as of september 20, there are 192 live mobile money operations in the world, and a further 109 in. Last year the gsm association said over half of all mobile money services in the world are in subsaharan africa, which remains the fastestgrowing mobile market in the world. Mobile money operators typically leverage an agent network to. In peru, we worked with banks to get savings groups participants mobile money accounts, yet we found several barriers to adoption. The methodology used to model these metrics total registered accounts total active accounts 90 day. Introduction 3 about this handbook 5 using mobile money to build efficient and inclusive financial ecosystems 6 the impact of mobile money on other areas of development 9. Gsma state of the industry report on mobile money 2018.
As the west africa mobile economy report by gsma shows, mobile adoption in. Kenya mobile money market assessment 9 observation b. This research, carried out through case study and desk. Two billion people remain unbanked, without access to safe, secure and affordable financial services.
Please provide your account email and password below new users can sign up for a public account. To date, nine providers across three continents have. Sep 25, 2015 the gsma report marks that 47 of the 89 markets with mobile banking have regulations to allow both banks and nonbanking services to sustainably provide for their markets. Gsma understanding the potential of the mobile money. Groupe speciale mobile association gsma 2007, a 10 percent. Official pdf, 40 pages world bank documents world bank group. Developing mobile money ecosystems harvard kennedy school. Apr 12, 2018 rapid mobile adoption in west africa since the turn of the decade has been a boon for the local mobile money industry. To truly transform the financial lives of underserved people, mobile money must become a central monetisation.
Nov 27, 2018 last year the gsm association said over half of all mobile money services in the world are in subsaharan africa, which remains the fastestgrowing mobile market in the world. For the worlds most vulnerable, especially displaced persons and women, the benefits of mobile money are real and far reaching. It is based on independent assessments of a providers ability to deliver secure and. We need a gsma for banks to make mobile money available. Gsma mobile money certification toolkit mobile money.
Our insights cover every mobile operator, network and mvno in every country worldwide from afghanistan to zimbabwe. Subsaharan africa driving global market for mobile. In just over four years, a country with only 1,072 bank branches has seen the number of agent outlets providing mobile money service grow to 46,000. The growth of mobile money in africa the borgen project. Rapid mobile adoption in west africa since the turn of the decade has been a boon for the local mobile money industry. Gsma unveils mobile money mark of excellence mobile world live. Mobile money services a bank in your pocket an overview of trends and opportunities 7 their accounts and to perform transfers and payments. Gsma mobile 360 series presents a conference platform cultivating regional engagement through topics that are impacting the mobile industry on both a localised and global scale. Apr 12, 2018 the gsma mobile money certification defines and promotes excellence in the provision of mobile money services. Interoperability would give mobile money service providers the opportunity to increase the volume of digital transactions, improve the sustainability of mobile money services and contribute to an open digital financial ecosystem which promotes financial inclusion.
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