a new era of money! remittances & financial inclusion bill barhydt m-via

A New Era of Money!Remittances & Financial Inclusion

Bill Barhydtm-Via

The potential of money to improve the quality of people’s lives increases exponentially with the number of people with access

to that money.

A New Era of Money

The Silk Road (114 BC)

Reed’s Law (2001 AD)Value created by a Network = 2N – N – 1

From Silk to Silicon

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"The mobile phone is the single most transformative technology for human development."

Jeffrey Sachs, Columbia University economist and emerging markets expert

”The adoption of the mobile phone is the most important development in human history."

Mohamed YunusNobel Prize Winner, Founder Grameen Bank

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“The Fortune at the Bottom of the Pyramid”by C.K. Prahalad and Stuart L. Hart, HBR September 2002

More than $20,000

$1,500 - $20,000

Less than $1,500

100 Million People (1.6% of World Population)

1.9 Billion People(32% of World Population)

19x

4 Billion People(66% World Population)

40x

Annual Income Population

MFSSweet Spot

M-Pesa means “Mobile Money” in Swahili

9 Million participants40% of adult population

17,000 Agents

10% of GDP flows MONTHLY

Fees are 8% of Safaricom revenues19% of airtime purchases through M-

Pesa

Virality designed into system

Requires government ID for registration

Registration done at any Safaricom agent

Free registration (includes new SIM)No minimum balance requiredDeposits are freeWithdrawals cost between $.30-$.40P2P transfers $.40

Philippines Globe & Smart – Dominant Carriers

76 Million Phone Accounts33 Million Bank AccountsNo Mobile Money interoperability!

GCASH – 18,000 AgentsPhilippines – 8,900 ATM machines

$300M per month in transaction volume

Largest music business in country is MMS

US $29 Billion per Year

Two Different Approaches in 1 Market

What about closer to home?

Bansefi provides bank services for poor

Largest issuer of debit cards in Mexico

Government social payments

Runs Directo a Mexico for remittances

Instrumental in new correspondent banking regulation creates tens of thousands of rural banking locales

Correspondent bank to hundreds of regional “micro-banks” Red de la Gente (People’s Network)

US to Mexico -> world’s largest money transfer corridor

Goal is to leverage remittances as a source of new bank accounts

Model has been highly successful with millions of new accounts opened

Over 9 Million Mexican Migrants in CA

Pay bills, top up phones and send money

Cross border money transfer via SMS

Wallet account is a prepaid card with NO plastic

New accounts are real-time upon first send/receive

Works via SMS, IVR, WWW, Live Operator

Convenient and safe cash in/out

POS and ATM cash-out (no card)

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M-Via Mobile Money Network

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m-Via Mobile Money Service

m-Via Mobile Wallet

Functions like a prepaid cardNo Plastic Required = $0 cost

Money Transfer, Bill Pay, Top-up

We Address the Cash Consumer

10,000’s of agentsCash load/withdrawal at retail

SMS & IVR interface

Send

Money

24x7Access

MakePurchases

1. Sign up for m-Via via 888-880-MVIA

2. Load cash into wallet at any m-Via Retail Agent

3. Transfer or Pay via ANY phone

4. Withdraw cash at any m-Via Retail Agent

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Send $ from US or MX via m-Wallet

Safe, Fast, Easy & Affordable

Load cash at m-Via Agent

Get money at alocal ATMNO CARD required!

Receive $ in US or MX via Mobile Wallet

Make purchasesOr send moneyto any other wallet

Get money atm-Via agent NO CARD required!

M-Via Mobile Money NetworkHow it works…

Pay a bill or top up a phone

Any bank can m-Via enable existing or new accounts

M-Via enabled accounts can remit to ANY mobile #

Support infinite number of bank processors

m-Via Launch PartnersUS Retail Agents LatAm Retail AgentsBank/Payments Partners

M-Via plans to give away up to 100,000 phones in the next 12 months for one year subscribers

Phone recipient to be chosen by new

m-Via subscribers in the USA.

M-Via package now includes:M-Via Account for sender and recipientMobile PhoneOptional Mobile Bansefi accountOptional 2nd phone at < $50

US Launch PlansCalifornia

TexasNew York

New JerseyIllinoisArizonaNevadaGeorgiaFlorida

International Launch PlansMexico

GuatemalaEcuador

HondurasDominican Republic

HaitiPhilippines

India

Partnering with m-ViaUS Retail partners

International MFI’s Regional Banks

Regional Carriers/Wallet Operators

The potential of money to improve the quality of people’s lives increases exponentially with the number of people with access

to that money.

Thank You…

bill@m-via.comTwitter: @billbarhydt