IFC Mobile Money Study 2011

International Finance Corporation

IFC Mobile Money Study 2011

2011

International Finance Corporation

Although a number of m-money businesses have emerged around the world, few have reached significant scale. Overall, m-money uptake is limited when contrasted with its apparent promises of reaching the unbanked and underserved, of servicing existing banking clients, and of being a means for a cashless society. This study examines the following in more detail: existing major money flows and the critical mass of low-value, high-volume payment transactions and whether m-money can be used for them (i.e., potential demand); regulatory environment and major obstacles for m-money uptake; business models of partnering institutions; payment behavior of users and nonusers (banked and unbanked), in particular where they receive funds and how they use money, including alternative means; and existing and potential agents networks, their requirements to run m-money as a viable business, and their training needs. This report provides detailed information regarding the five main topics as they relate to Brazil, business models, money flows and demand, potential user perceptions and behavior, regulation, and agent networks.

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AGROVOC Keywords

accounting advisory services banks business models clearing houses commercial banks credit cooperatives data analysis economic development economic growth electricity electronic commerce exchange rate facilitation families farmers financial institutions gender household income households inflation institutional development interest rates international law interoperability legislation material merchants microcredit microfinance migration networks outreach personal data private sector profitability project management remittances savings social development social security supermarkets telecommunications television unemployment unemployment insurance union urban areas urbanization

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Other Subjects

Banking industry; Payment cards; Deposit insurance; Electronic money; New technologies; Subsidiary; Bank of thailand; License; New company; Market segment; Installments; Mobile network; Payment methods; Employee; Account holders; Vouchers; Installment; Credit societies; Partner bank; Credit analysis; Financial service; Point of sale; Debit cards; Interest rate; Agricultural activities; Communications technology; Mobile access; Microfinance institutions; Credit cards; Payment transactions; Loan applications; Large cities; Regulatory environment; Value chain; Regulatory framework; Economies of scale; First credit; Access to credit; Merchant; Family business; Microfinance institution; Queries; Identity module; E-money; Pension fund; Low-income families; Net savings; Bank branch; Credit card; Access to bank accounts; Market shares; Private sector banks; Bar code; Service provider; Telephone; Niche market; Central bank of sri lanka; Ict; Demand for credit; Business strategies; Financial education; Users; Service providers; Bank accounts; Current accounts; Affiliates; Income group; Financial data; Wireless application protocol; Telephone service; Alternative credit; Small businesses; Web site; Business-to-employee; Checking account; Financial access; Reliability; Licenses; Banking services; Money transfers; Mobile phones; Receipt; Inequality; User; Payment processing; Money transfer; Demand deposits; Checking accounts; Earnings; E-payment; B2b; Capabilities; Business model; Correspondent banks; Securities; Loan requests; Private investors; Market share; Deposit account; Convenient payment; Educational campaigns; Mfi; Municipalities; Debit card; Outstanding balances; Cell phones; Regulatory oversight; Metropolitan areas; Advanced technology; Business development; Financial system; Credit rating agency; Savings accounts; Telecommunications equipment; Savings behavior; Business to business; Web; International finance; Private sector bank; Market opportunity; Bank branches; New business; Bank customers; Loan; Retail banking; Banking sector; Mfis; Point-of-sale; Marketing strategy; Formal economy; Credits; Business-to-business; Lender; Medium enterprises; Savings products; Investment opportunities; Equipment purchase; Supply chain; Deposit; Access to financial services; Credit rating; Remittance; Minimum wage; Electronic wallet; Banking system; Mass transit; Development bank; New entrants; Peer review; Access to finance; Public transport; Mobile phone; Identification number; Credit market; Search; Balance inquiry; Distribution network; Financial literacy; Credit card companies; Business transactions; Savings rate; Minimum wages; Mobile communications; Access to atms; Penetration rate; Payment card; Technical assistance; Administrative costs; Capability; Electronic payment; Formal financial services; Cable tv; Initial credit; Lotteries; Mass market; Id; Transmission; Regular payments; Bank account; Market segments; Income groups; Road tolls; Payment system; Deposits; Cash withdrawal; Nonbanks; Consumer credit

Language

English

In AGRIS since: 2021-06-15

Format: AGRIS AP

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This bibliographic record has been provided by World Bank

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http://hdl.handle.net/10986/21745

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IFC Mobile Money Study 2011

2011

AGROVOC Keywords

Bibliographic information