IFC Mobile Money Study 2011 : Summary Report
Mobile money (m-money) refers to the use of mobile phones to perform financial and banking functions. However, the technology is far ahead of the infrastructure of financial and technical network service providers needed for an m-money system to fu...
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| Format: | Working Paper |
| Language: | English en_US |
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Washington, DC
2015
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| Online Access: | http://documents.worldbank.org/curated/en/2011/01/24117659/ifc-mobile-money-study-2011-summary-report http://hdl.handle.net/10986/21743 |
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okr-10986-21743 |
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oai_dc |
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Digital Repository |
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Foreign Institution |
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Digital Repositories |
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World Bank Open Knowledge Repository |
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World Bank |
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English en_US |
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ACCOUNT BALANCES ADVERTISEMENTS ATM AUCTION B2B BANK ACCOUNT BANK ACCOUNTS BANK SERVICES BANK TRANSACTIONS BANKING SYSTEM BILL PAYMENT BILL PAYMENTS BUS BUSES BUSINESS DEVELOPMENT BUSINESS MODEL BUSINESS MODELS BUSINESS STRATEGIES BUSINESS TO BUSINESS BUSINESS-TO-BUSINESS BUSINESSES CAPABILITIES CAPABILITY CARD READER CARRIERS CASHLESS SOCIETY CELL PHONES CENTRAL BANK CHECKING ACCOUNTS COMMERCIAL BANKS COMMODITY COMMUNICATIONS NETWORK COMMUNICATIONS TECHNOLOGY COMMUTER TRANSIT COMMUTERS COMPETITIVENESS CONSUMERS CONVENIENT PAYMENT COST-BENEFIT COST-BENEFIT ANALYSIS CREDIT CARD CREDIT CARD COMPANIES CREDIT CARD COMPANY CREDIT CARDS CREDIT INFORMATION CUSTOMER DEMAND CUSTOMER LOYALTY DATA SERVICE DATA SERVICES DEBIT CARD DEBIT CARDS DEMAND ANALYSIS DEMAND CURVE DEMAND CURVES DEVELOPMENT AGENCY DIRECT DEBIT DISTRIBUTION NETWORK DRIVERS DRIVING E-MAILS E-MONEY E-PAYMENT E-WALLET EARLY ADOPTERS ECONOMIC DEVELOPMENT ECONOMIES OF SCALE ELECTRICITY ELECTRONIC FORMS ELECTRONIC MONEY ELECTRONIC PAYMENT ELECTRONIC PAYMENTS ELECTRONIC WALLET EQUIPMENT EXCHANGE RATE EXCHANGE RATES FEDERAL RESERVE BANK FINANCIAL INFRASTRUCTURE FINANCIAL INSTITUTIONS FINANCIAL PRODUCTS FINANCIAL SECTOR FINANCIAL SECTOR DEVELOPMENT FINANCIAL SERVICE FINANCIAL SERVICE PROVIDERS FINANCIAL SERVICES FINANCIAL SYSTEM FORMS OF PAYMENT FUND TRANSFER FUND TRANSFERS FUNDS TRANSFER GDP GDP PER CAPITA GLOBAL POSITIONING SYSTEM GOVERNMENT REGULATIONS GPS GROSS DOMESTIC PRODUCT GROWTH RATE HIGHWAY HIGHWAY TOLLS ICT IDENTIFICATION NUMBER IDENTITY MODULE IMPLEMENTATION STRATEGIES INFRASTRUCTURE DEVELOPMENT INFRASTRUCTURES INNOVATION INSTITUTION INSURANCE INTERNATIONAL FINANCE INTERNATIONAL FINANCE CORPORATION INTERNATIONAL LAW INTERNET ACCESS INTEROPERABILITY JOINT VENTURE LEGAL STATUS LICENSE LICENSE FEES LICENSES LONG-DISTANCE MARKET OPPORTUNITY MARKET POTENTIAL MARKET SEGMENT MARKET SEGMENTS MARKET SHARE MARKET SHARES MARKETING MARKETING STRATEGY MASS MARKET MASS TRANSIT MATERIAL MEDIUM ENTERPRISES MEMORY CHIP MESSAGING SERVICES MOBILE APPLICATION MOBILE BANK MOBILE BANKING MOBILE COMMUNICATIONS MOBILE NETWORK MOBILE PHONE MOBILE PHONE ACCESS MOBILE PHONES MOBILE SERVICE MONEY MARKET MONEY MARKETS MONEY TRANSFER MONEY TRANSFERS MULTIMEDIA MULTIPLE ACCESS NETWORK SECURITY NETWORK SERVICE NETWORKS NEW MARKET NEW TECHNOLOGIES NICHE MARKET ONLINE BANKING PACKET RADIO PACKET RADIO SERVICE PASSENGER TRIPS PAYMENT CARD PAYMENT CARDS PAYMENT FUNCTIONS PAYMENT INFRASTRUCTURE PAYMENT INSTRUMENT PAYMENT INSTRUMENTS PAYMENT MECHANISM PAYMENT MECHANISMS PAYMENT METHODS PAYMENT PLATFORM PAYMENT SERVICE PAYMENT SERVICES PAYMENT TRANSACTIONS PERSONAL BANK ACCOUNT PERSONAL IDENTIFICATION PERSONAL IDENTIFICATION NUMBER POINT OF SALE POPULATION DENSITY PRIVATE RAILWAYS PRIVATE SECTOR PRIVATE VEHICLE PROJECT MANAGEMENT PUBLIC TRANSIT PUBLIC TRANSPORT PUBLIC TRANSPORT TRIPS QUERIES RAILWAY RAPID TRANSIT REGULATORY ENVIRONMENT REGULATORY ENVIRONMENTS RELIABILITY RESULT RETAIL LOCATION RETAIL PAYMENTS ROAD SATELLITE SAVINGS SAVINGS ACCOUNT SAVINGS ACCOUNTS SEARCH SEARCH ENGINE SECURITIES SERVICE PROVIDER SERVICE PROVIDERS STAKEHOLDERS STORAGE DEVICE SUBSCRIBER IDENTITY MODULE SUPERMARKETS SUPPLY CHAIN TECHNICAL COOPERATION TECHNOLOGICAL SOPHISTICATION TELECOMMUNICATIONS TELEPHONE TRADITIONAL BANKS TRADITIONAL PAYMENT TRANSACTION TRANSACTION VOLUME TRANSFER OF FUNDS TRANSIT TRIP TRANSPORT SECTOR TRANSPORTATION TRIPS UNDERDEVELOPED FINANCIAL INFRASTRUCTURE USER USER BEHAVIOR USERS VALUE CHAIN VIDEO WEB WEB SITE WIRELESS APPLICATION WIRELESS APPLICATION PROTOCOL |
| spellingShingle |
ACCOUNT BALANCES ADVERTISEMENTS ATM AUCTION B2B BANK ACCOUNT BANK ACCOUNTS BANK SERVICES BANK TRANSACTIONS BANKING SYSTEM BILL PAYMENT BILL PAYMENTS BUS BUSES BUSINESS DEVELOPMENT BUSINESS MODEL BUSINESS MODELS BUSINESS STRATEGIES BUSINESS TO BUSINESS BUSINESS-TO-BUSINESS BUSINESSES CAPABILITIES CAPABILITY CARD READER CARRIERS CASHLESS SOCIETY CELL PHONES CENTRAL BANK CHECKING ACCOUNTS COMMERCIAL BANKS COMMODITY COMMUNICATIONS NETWORK COMMUNICATIONS TECHNOLOGY COMMUTER TRANSIT COMMUTERS COMPETITIVENESS CONSUMERS CONVENIENT PAYMENT COST-BENEFIT COST-BENEFIT ANALYSIS CREDIT CARD CREDIT CARD COMPANIES CREDIT CARD COMPANY CREDIT CARDS CREDIT INFORMATION CUSTOMER DEMAND CUSTOMER LOYALTY DATA SERVICE DATA SERVICES DEBIT CARD DEBIT CARDS DEMAND ANALYSIS DEMAND CURVE DEMAND CURVES DEVELOPMENT AGENCY DIRECT DEBIT DISTRIBUTION NETWORK DRIVERS DRIVING E-MAILS E-MONEY E-PAYMENT E-WALLET EARLY ADOPTERS ECONOMIC DEVELOPMENT ECONOMIES OF SCALE ELECTRICITY ELECTRONIC FORMS ELECTRONIC MONEY ELECTRONIC PAYMENT ELECTRONIC PAYMENTS ELECTRONIC WALLET EQUIPMENT EXCHANGE RATE EXCHANGE RATES FEDERAL RESERVE BANK FINANCIAL INFRASTRUCTURE FINANCIAL INSTITUTIONS FINANCIAL PRODUCTS FINANCIAL SECTOR FINANCIAL SECTOR DEVELOPMENT FINANCIAL SERVICE FINANCIAL SERVICE PROVIDERS FINANCIAL SERVICES FINANCIAL SYSTEM FORMS OF PAYMENT FUND TRANSFER FUND TRANSFERS FUNDS TRANSFER GDP GDP PER CAPITA GLOBAL POSITIONING SYSTEM GOVERNMENT REGULATIONS GPS GROSS DOMESTIC PRODUCT GROWTH RATE HIGHWAY HIGHWAY TOLLS ICT IDENTIFICATION NUMBER IDENTITY MODULE IMPLEMENTATION STRATEGIES INFRASTRUCTURE DEVELOPMENT INFRASTRUCTURES INNOVATION INSTITUTION INSURANCE INTERNATIONAL FINANCE INTERNATIONAL FINANCE CORPORATION INTERNATIONAL LAW INTERNET ACCESS INTEROPERABILITY JOINT VENTURE LEGAL STATUS LICENSE LICENSE FEES LICENSES LONG-DISTANCE MARKET OPPORTUNITY MARKET POTENTIAL MARKET SEGMENT MARKET SEGMENTS MARKET SHARE MARKET SHARES MARKETING MARKETING STRATEGY MASS MARKET MASS TRANSIT MATERIAL MEDIUM ENTERPRISES MEMORY CHIP MESSAGING SERVICES MOBILE APPLICATION MOBILE BANK MOBILE BANKING MOBILE COMMUNICATIONS MOBILE NETWORK MOBILE PHONE MOBILE PHONE ACCESS MOBILE PHONES MOBILE SERVICE MONEY MARKET MONEY MARKETS MONEY TRANSFER MONEY TRANSFERS MULTIMEDIA MULTIPLE ACCESS NETWORK SECURITY NETWORK SERVICE NETWORKS NEW MARKET NEW TECHNOLOGIES NICHE MARKET ONLINE BANKING PACKET RADIO PACKET RADIO SERVICE PASSENGER TRIPS PAYMENT CARD PAYMENT CARDS PAYMENT FUNCTIONS PAYMENT INFRASTRUCTURE PAYMENT INSTRUMENT PAYMENT INSTRUMENTS PAYMENT MECHANISM PAYMENT MECHANISMS PAYMENT METHODS PAYMENT PLATFORM PAYMENT SERVICE PAYMENT SERVICES PAYMENT TRANSACTIONS PERSONAL BANK ACCOUNT PERSONAL IDENTIFICATION PERSONAL IDENTIFICATION NUMBER POINT OF SALE POPULATION DENSITY PRIVATE RAILWAYS PRIVATE SECTOR PRIVATE VEHICLE PROJECT MANAGEMENT PUBLIC TRANSIT PUBLIC TRANSPORT PUBLIC TRANSPORT TRIPS QUERIES RAILWAY RAPID TRANSIT REGULATORY ENVIRONMENT REGULATORY ENVIRONMENTS RELIABILITY RESULT RETAIL LOCATION RETAIL PAYMENTS ROAD SATELLITE SAVINGS SAVINGS ACCOUNT SAVINGS ACCOUNTS SEARCH SEARCH ENGINE SECURITIES SERVICE PROVIDER SERVICE PROVIDERS STAKEHOLDERS STORAGE DEVICE SUBSCRIBER IDENTITY MODULE SUPERMARKETS SUPPLY CHAIN TECHNICAL COOPERATION TECHNOLOGICAL SOPHISTICATION TELECOMMUNICATIONS TELEPHONE TRADITIONAL BANKS TRADITIONAL PAYMENT TRANSACTION TRANSACTION VOLUME TRANSFER OF FUNDS TRANSIT TRIP TRANSPORT SECTOR TRANSPORTATION TRIPS UNDERDEVELOPED FINANCIAL INFRASTRUCTURE USER USER BEHAVIOR USERS VALUE CHAIN VIDEO WEB WEB SITE WIRELESS APPLICATION WIRELESS APPLICATION PROTOCOL International Finance Corporation IFC Mobile Money Study 2011 : Summary Report |
| description |
Mobile money (m-money) refers to the use
of mobile phones to perform financial and banking functions.
However, the technology is far ahead of the infrastructure
of financial and technical network service providers needed
for an m-money system to function. This study was undertaken
to increase the understanding of m-money and to address key
issues in scaling up development of m-money services
globally. It examines the potential demand for m-money,
national regulatory environments, major obstacles, and the
requirements of potential service providers and networks to
run m-money services as viable businesses. Four countries -
Brazil, Nigeria, Sri Lanka, and Thailand - each of which
represents a different world region, socioeconomic
situation, and financial sector context, were included in
the study. The countries were analyzed in terms of m-money
business models, money flows and demand, potential user
perceptions and behavior, regulations, and agent networks.
In each country, an m-money service provider acted as a
partner institution. To place these four countries in the
wider context of m-money developments, three case studies -
Japan, Kenya, and the United States were also examined. The
size of potential opportunities for m-money were quantified
through demand estimates and compared with estimates in the
three reference countries. Chapter one provides an
introduction to the study's objectives and context, and
explains the definition and positioning of m-money used in
this report. Chapter two presents case studies of the
prominent m-money countries Kenya and Japan, as well as the
United States. Chapter three presents an overview of the
four country study findings and analysis. Chapter four
describes the m-money business models adopted in each
country and the challenges that each country faces. Chapter
five concludes by placing each country along an m-money
demand curve and explains the impact of this placement on
the development of an opportunity for m-money. |
| format |
Working Paper |
| author |
International Finance Corporation |
| author_facet |
International Finance Corporation |
| author_sort |
International Finance Corporation |
| title |
IFC Mobile Money Study 2011 : Summary Report |
| title_short |
IFC Mobile Money Study 2011 : Summary Report |
| title_full |
IFC Mobile Money Study 2011 : Summary Report |
| title_fullStr |
IFC Mobile Money Study 2011 : Summary Report |
| title_full_unstemmed |
IFC Mobile Money Study 2011 : Summary Report |
| title_sort |
ifc mobile money study 2011 : summary report |
| publisher |
Washington, DC |
| publishDate |
2015 |
| url |
http://documents.worldbank.org/curated/en/2011/01/24117659/ifc-mobile-money-study-2011-summary-report http://hdl.handle.net/10986/21743 |
| _version_ |
1764449101407059968 |
| spelling |
okr-10986-217432021-04-23T14:04:04Z IFC Mobile Money Study 2011 : Summary Report International Finance Corporation ACCOUNT BALANCES ADVERTISEMENTS ATM AUCTION B2B BANK ACCOUNT BANK ACCOUNTS BANK SERVICES BANK TRANSACTIONS BANKING SYSTEM BILL PAYMENT BILL PAYMENTS BUS BUSES BUSINESS DEVELOPMENT BUSINESS MODEL BUSINESS MODELS BUSINESS STRATEGIES BUSINESS TO BUSINESS BUSINESS-TO-BUSINESS BUSINESSES CAPABILITIES CAPABILITY CARD READER CARRIERS CASHLESS SOCIETY CELL PHONES CENTRAL BANK CHECKING ACCOUNTS COMMERCIAL BANKS COMMODITY COMMUNICATIONS NETWORK COMMUNICATIONS TECHNOLOGY COMMUTER TRANSIT COMMUTERS COMPETITIVENESS CONSUMERS CONVENIENT PAYMENT COST-BENEFIT COST-BENEFIT ANALYSIS CREDIT CARD CREDIT CARD COMPANIES CREDIT CARD COMPANY CREDIT CARDS CREDIT INFORMATION CUSTOMER DEMAND CUSTOMER LOYALTY DATA SERVICE DATA SERVICES DEBIT CARD DEBIT CARDS DEMAND ANALYSIS DEMAND CURVE DEMAND CURVES DEVELOPMENT AGENCY DIRECT DEBIT DISTRIBUTION NETWORK DRIVERS DRIVING E-MAIL E-MAILS E-MONEY E-PAYMENT E-WALLET EARLY ADOPTERS ECONOMIC DEVELOPMENT ECONOMIES OF SCALE ELECTRICITY ELECTRONIC FORMS ELECTRONIC MONEY ELECTRONIC PAYMENT ELECTRONIC PAYMENTS ELECTRONIC WALLET EQUIPMENT EXCHANGE RATE EXCHANGE RATES FEDERAL RESERVE BANK FINANCIAL INFRASTRUCTURE FINANCIAL INSTITUTIONS FINANCIAL PRODUCTS FINANCIAL SECTOR FINANCIAL SECTOR DEVELOPMENT FINANCIAL SERVICE FINANCIAL SERVICE PROVIDERS FINANCIAL SERVICES FINANCIAL SYSTEM FORMS OF PAYMENT FUND TRANSFER FUND TRANSFERS FUNDS TRANSFER GDP GDP PER CAPITA GLOBAL POSITIONING SYSTEM GOVERNMENT REGULATIONS GPS GROSS DOMESTIC PRODUCT GROWTH RATE HIGHWAY HIGHWAY TOLLS ICT IDENTIFICATION NUMBER IDENTITY MODULE IMPLEMENTATION STRATEGIES INFRASTRUCTURE DEVELOPMENT INFRASTRUCTURES INNOVATION INSTITUTION INSURANCE INTERNATIONAL FINANCE INTERNATIONAL FINANCE CORPORATION INTERNATIONAL LAW INTERNET ACCESS INTEROPERABILITY JOINT VENTURE LEGAL STATUS LICENSE LICENSE FEES LICENSES LONG-DISTANCE MARKET OPPORTUNITY MARKET POTENTIAL MARKET SEGMENT MARKET SEGMENTS MARKET SHARE MARKET SHARES MARKETING MARKETING STRATEGY MASS MARKET MASS TRANSIT MATERIAL MEDIUM ENTERPRISES MEMORY CHIP MESSAGING SERVICES MOBILE APPLICATION MOBILE BANK MOBILE BANKING MOBILE COMMUNICATIONS MOBILE NETWORK MOBILE PHONE MOBILE PHONE ACCESS MOBILE PHONES MOBILE SERVICE MONEY MARKET MONEY MARKETS MONEY TRANSFER MONEY TRANSFERS MULTIMEDIA MULTIPLE ACCESS NETWORK SECURITY NETWORK SERVICE NETWORKS NEW MARKET NEW TECHNOLOGIES NICHE MARKET ONLINE BANKING PACKET RADIO PACKET RADIO SERVICE PASSENGER TRIPS PAYMENT CARD PAYMENT CARDS PAYMENT FUNCTIONS PAYMENT INFRASTRUCTURE PAYMENT INSTRUMENT PAYMENT INSTRUMENTS PAYMENT MECHANISM PAYMENT MECHANISMS PAYMENT METHODS PAYMENT PLATFORM PAYMENT SERVICE PAYMENT SERVICES PAYMENT TRANSACTIONS PERSONAL BANK ACCOUNT PERSONAL IDENTIFICATION PERSONAL IDENTIFICATION NUMBER POINT OF SALE POPULATION DENSITY PRIVATE RAILWAYS PRIVATE SECTOR PRIVATE VEHICLE PROJECT MANAGEMENT PUBLIC TRANSIT PUBLIC TRANSPORT PUBLIC TRANSPORT TRIPS QUERIES RAILWAY RAPID TRANSIT REGULATORY ENVIRONMENT REGULATORY ENVIRONMENTS RELIABILITY RESULT RETAIL LOCATION RETAIL PAYMENTS ROAD SATELLITE SAVINGS SAVINGS ACCOUNT SAVINGS ACCOUNTS SEARCH SEARCH ENGINE SECURITIES SERVICE PROVIDER SERVICE PROVIDERS STAKEHOLDERS STORAGE DEVICE SUBSCRIBER IDENTITY MODULE SUPERMARKETS SUPPLY CHAIN TECHNICAL COOPERATION TECHNOLOGICAL SOPHISTICATION TELECOMMUNICATIONS TELEPHONE TRADITIONAL BANKS TRADITIONAL PAYMENT TRANSACTION TRANSACTION VOLUME TRANSFER OF FUNDS TRANSIT TRIP TRANSPORT SECTOR TRANSPORTATION TRIPS UNDERDEVELOPED FINANCIAL INFRASTRUCTURE USER USER BEHAVIOR USERS VALUE CHAIN VIDEO WEB WEB SITE WIRELESS APPLICATION WIRELESS APPLICATION PROTOCOL Mobile money (m-money) refers to the use of mobile phones to perform financial and banking functions. However, the technology is far ahead of the infrastructure of financial and technical network service providers needed for an m-money system to function. This study was undertaken to increase the understanding of m-money and to address key issues in scaling up development of m-money services globally. It examines the potential demand for m-money, national regulatory environments, major obstacles, and the requirements of potential service providers and networks to run m-money services as viable businesses. Four countries - Brazil, Nigeria, Sri Lanka, and Thailand - each of which represents a different world region, socioeconomic situation, and financial sector context, were included in the study. The countries were analyzed in terms of m-money business models, money flows and demand, potential user perceptions and behavior, regulations, and agent networks. In each country, an m-money service provider acted as a partner institution. To place these four countries in the wider context of m-money developments, three case studies - Japan, Kenya, and the United States were also examined. The size of potential opportunities for m-money were quantified through demand estimates and compared with estimates in the three reference countries. Chapter one provides an introduction to the study's objectives and context, and explains the definition and positioning of m-money used in this report. Chapter two presents case studies of the prominent m-money countries Kenya and Japan, as well as the United States. Chapter three presents an overview of the four country study findings and analysis. Chapter four describes the m-money business models adopted in each country and the challenges that each country faces. Chapter five concludes by placing each country along an m-money demand curve and explains the impact of this placement on the development of an opportunity for m-money. 2015-04-14T22:00:53Z 2015-04-14T22:00:53Z 2011 Working Paper http://documents.worldbank.org/curated/en/2011/01/24117659/ifc-mobile-money-study-2011-summary-report http://hdl.handle.net/10986/21743 English en_US CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo/ International Finance Corporation Washington, DC Publications & Research Publications & Research :: Working Paper |