Omer Omarabi

Branchless

Banking

www.ebs-sd.com

1

August 2016

Agenda 2

Current Financial services in Sudan.

Branchless Banking Services in Sudan.

Challenges & Way forward.

More than 94% of Sudanese are

(unbanked)

3

Why ?

High costs of financial services

Lack of KYC.

Low economic activity

light population density

low and inconsistent income.

4

Strategy for New Financial services

Providing financial services to everyone

Providing financial services that are:

Easy to use

Affordable

Available

Secure

Attracting liquidity into the banking system

Providing tools of payment for new service channels.

How we Achieve This?

5

Solution

Providing financial services outside the banking traditional

channels by using local Agents

Branchless Banking

Web

6

Agent

E-Financial Services Pillars

Services Transfer E-CommercePayment to Billers

Micro Finance

Gov. payment

Channels ATM POS Mobile Web Cloud

ToolsDebit Card

E-Purse Mobile Wallet

Bank Account

Virtual Card

7

E-purse card (CashCard) Mobile Money Services

E-Commerce Services E-Government Services Multi-channel Service. Bill Payment Gateway (BPG)

e-Financial Services In Sudan

New Electronic Financial Services:

8

8

ePurse (CashCard)

Prepaid card associated with wallet (SVA)

Used to store money and use it

Protected by a pin #

Anyone can obtain it from any Agent

No need for bank account or KYC

Cash-in/Cash-out through agents or P2P

Can be used for electronic financial services through all

Channels

9

ePurse Card Types

Three Types of ePurse CashCard:Standard Card

Not Personalized and you can obtain it from any Agent

Limit 5,000 SDG

Silver CardPersonalized and information provided by institutions

Limit 50,000 SDG

Golden Card Personalized and needs full KYC

Limit 250,000 SDG

10

Mobile Money

Associate Mobile # with a Wallet (SVA)

Available to anyone who has mobile.

No bank account needed.

Self Registration or through Agents.

Can be used for all electronic financial

services through all Channels

You put money in the SVA through Agents or

P2P

Protected by a pin #

11

Available Services Money Transfers

From Mobile to Mobile

From Mobile to account

From account to Mobile

eVoucher

International Remittance

Services Purchase

Utility Payments

Balance Enquiry

Cash deposit & withdrawal

Microfinance E-Government / E-commerce

Salaries & Payroll / Distribution

12

Stakeholders

13

Government

Telecomm. Companies

Central Bank

(CBOS)Banks

NTC

Private Sectors

Agents

13

Bill Payment Gateway (BPG)

BPG

Billers

CSP

Government

14

(6)

Service Confirmation

(3)

Payment.

Completion

Ministry of

Finance

(1)

Service Request

(5)

(Service + Payment)

data + E15

(2)

(Service +

payment )

Data

(7)

Service

data +

E15

Government Unit

Customer Service provider

(Multi Channels)

(8)

Service Response + E15

e-Government Payments

Citizen

15

Billers

Internet

ATM

POS

Mobile

Apps

National Government

Network

Banks Network

International Payment

Networks

16Cloud Services

17

Regulation

Education

FinancialIncentive

Adoption

Current Challenges

Collaboration between stakeholders Building Effective Agent Networks Banking Sector Awareness Customer Awareness & Adoption Private Sector Involvement Regulations Government Adoption Services Cost Infrastructure

18

19Discussion

omarabi@ebs-sd.com

Thank You!