logging in or signing up A PRESENTATION ON MOBILE MONEY TRANSFER IN GHANA SeyDot Download Post to : URL : Related Presentations : Share Add to Flag Embed Email Send to Blogs and Networks Add to Channel Uploaded from authorPOINT lite Insert YouTube videos in PowerPont slides with aS Desktop Copy embed code: (To copy code, click on the text box) Embed: URL: Thumbnail: WordPress Embed Customize Embed The presentation is successfully added In Your Favorites. Views: 513 Category: Business & Fin.. License: All Rights Reserved Like it (0) Dislike it (0) Added: December 02, 2010 This Presentation is Public Favorites: 0 Presentation Description No description available. Comments Posting comment... Premium member Presentation Transcript MOBILE MONEY TRANSFER IN GHANA : MOBILE MONEY TRANSFER IN GHANA BY FRANCIS ARTHUR DOROTHY S. AYIKU EUGENE KANDA NOVEMBER 15, 2010 INTRODUCTION & OVERVIEW : INTRODUCTION & OVERVIEW What is money transfer? How was money transferred before? The challenges with the old system The need for a better money transfer system TRENDS IN MONEY TRANSFER : TRENDS IN MONEY TRANSFER Wire transfer Bank Draft Internet Money Transfer services Money orders through a Third Party Provider MOBILE PHONE AS A BUSINESS TOOL : MOBILE PHONE AS A BUSINESS TOOL The unbanked population The greater majority cell phone users Bridging the gap between the “unbanked” and mobile phone users THE QUEST FOR A CASHLESS SOCIETY : THE QUEST FOR A CASHLESS SOCIETY integration of Mobile Technology with the large unbanked population The partnership of Telecommunication companies and financial institutions. E-ZWICH MOBILE MONEY SERVICE PROVIDERS : MOBILE MONEY SERVICE PROVIDERS AFRIC XPRESS MTN GHANA ZAIN GHANA TIGO PATRONAGE : PATRONAGE MTN Mobile Money– about 2 million subscribers Zap from Zain – 70,000 subscribers MERITS OF THE MOBILE MONEY TRANSFER SERVICE : MERITS OF THE MOBILE MONEY TRANSFER SERVICE Fast and secure transfer ReductionCost of doing business Use of service No need for a bank account convenience CHALLENGES : CHALLENGES sensitization Attitude to change Accessibility of the service THE WAY FORWARD : THE WAY FORWARD Increasing outlets of partner institutions into the rural areas Recruiting more Dealers/ Agents merchants/vendors Public education Conclusion : Conclusion “mobile money transfer services has the potential to positively impact the Ghanaian society. It is about time we embrace the system so as to enjoy a stress free environment for handling financial transactions and increase productivity on the whole”. THANK YOU : THANK YOU 12 You do not have the permission to view this presentation. In order to view it, please contact the author of the presentation.
A PRESENTATION ON MOBILE MONEY TRANSFER IN GHANA SeyDot Download Post to : URL : Related Presentations : Share Add to Flag Embed Email Send to Blogs and Networks Add to Channel Uploaded from authorPOINT lite Insert YouTube videos in PowerPont slides with aS Desktop Copy embed code: (To copy code, click on the text box) Embed: URL: Thumbnail: WordPress Embed Customize Embed The presentation is successfully added In Your Favorites. Views: 513 Category: Business & Fin.. License: All Rights Reserved Like it (0) Dislike it (0) Added: December 02, 2010 This Presentation is Public Favorites: 0 Presentation Description No description available. Comments Posting comment... Premium member Presentation Transcript MOBILE MONEY TRANSFER IN GHANA : MOBILE MONEY TRANSFER IN GHANA BY FRANCIS ARTHUR DOROTHY S. AYIKU EUGENE KANDA NOVEMBER 15, 2010 INTRODUCTION & OVERVIEW : INTRODUCTION & OVERVIEW What is money transfer? How was money transferred before? The challenges with the old system The need for a better money transfer system TRENDS IN MONEY TRANSFER : TRENDS IN MONEY TRANSFER Wire transfer Bank Draft Internet Money Transfer services Money orders through a Third Party Provider MOBILE PHONE AS A BUSINESS TOOL : MOBILE PHONE AS A BUSINESS TOOL The unbanked population The greater majority cell phone users Bridging the gap between the “unbanked” and mobile phone users THE QUEST FOR A CASHLESS SOCIETY : THE QUEST FOR A CASHLESS SOCIETY integration of Mobile Technology with the large unbanked population The partnership of Telecommunication companies and financial institutions. E-ZWICH MOBILE MONEY SERVICE PROVIDERS : MOBILE MONEY SERVICE PROVIDERS AFRIC XPRESS MTN GHANA ZAIN GHANA TIGO PATRONAGE : PATRONAGE MTN Mobile Money– about 2 million subscribers Zap from Zain – 70,000 subscribers MERITS OF THE MOBILE MONEY TRANSFER SERVICE : MERITS OF THE MOBILE MONEY TRANSFER SERVICE Fast and secure transfer ReductionCost of doing business Use of service No need for a bank account convenience CHALLENGES : CHALLENGES sensitization Attitude to change Accessibility of the service THE WAY FORWARD : THE WAY FORWARD Increasing outlets of partner institutions into the rural areas Recruiting more Dealers/ Agents merchants/vendors Public education Conclusion : Conclusion “mobile money transfer services has the potential to positively impact the Ghanaian society. It is about time we embrace the system so as to enjoy a stress free environment for handling financial transactions and increase productivity on the whole”. THANK YOU : THANK YOU 12