Mobile Remittance - A Window for the Financial Empowerment of Global Communities through Mobility

Published Date: April 2008 Published By: Visiongain Page Count: 87 Order Code: R155-275 $3,000.00   Electronic Access - Single User $14,000.00   Electronic Access - Global Site License   Questions About This Report E-mail a Colleague Printable Page Fax Your Order Description Table of Contents Similar Products Executive Summary E1. Mobile Remittance and m-transaction - Unexpected Adoption and Benefits for Developing Economies E2. Reducing costs to help growth E3. Providing Favourable Regulatory Frameworks 1. Introduction 1.1 What Exactly Is Mobile Remittance? 1.2. Focus of the Report 2. The Remittance Market 2.1 The Critical Macroeconomic Role of Remittances Chart 1. Remittances as a Share of National GDP in 2006 2.2 Behind Global Growth Trends in Remittance Flows 2.2.1 Growth in Global Migration Chart 2. Growth in Global Migrant Stocks, 1960-2050 Chart 3. Average Annual Net Migrants to More Developed Regions 2.2.2 Remittance Flow Growth Chart 4. Growth of Global Remittance Flows 1990-2007 Chart 5. Financial Flows into Developing Economies 1990-2007 2.2.3 Analysis of Flows into Recipient Countries Table 1. Top 30 Formal Remittance Receiving Countries 2007 Table 2. Top 30 Formal Remitter Countries 2007 2.3 Migration Patterns and Remittance Corridors Figure 1. Major Bilateral Remittance Corridors and Estimated Flows, 2007 2.3.1 Growth of the UK-Poland Remittance Corridor 2.3.2 Remittance Corridors and Operator Market Strategy 2.4 Remittances as a stable source of external finance 2.5. The multiplying effect of remittances: consumption, savings and investment 2.5.1. Enabling additive and transformational approaches to banking 3. Drivers towards Implementation 3.1 Financial Infrastructure Chart 6. Market Share of P2P Money Transfers 2006 3.1.1 Inadequate Servicing of Remittance by Existing Mechanisms Table 3. Global and UK Remittance Transaction Fees Comparison 3.1.2 Poor financial infrastructure in developing economies 3.1.3 Participation in the formal vs. informal economy 3.2 Mobile Infrastructure 3.2.1 Global Mobile Penetration Chart 7. Global Telecoms Subscriber Growth, 1982-2013 Chart 8. African Mobile Subscriber Growth 1999-2013 Chart 9. Asian Mobile Subscriber Growth 1999-2013 3.2.2 Technological Developments 3.2.2.1 The Development of M-transaction 3.2.2.2 Convergence 3.2.2.3 Convergence Embraces Mobile Transaction 3.2.2.2 Low-cost handsets 3.2.2.3 Mobile Subscriber Growth in Emerging Markets Chart 10. Top Ten Countries for Net Additional Subscribers 2007 3.2.2.4 SMS Banking Figure 2. Basic SMS banking transaction flow 3.2.2.4.1 Prime Disadvantages of SMS banking 3.2.2.5 STK-enabled Mobile Transaction 3.2.2.6 IVR Banking Service Delivery 3.2.2.7 USSD/USSD2 3.2.2.8 WAP Service Delivery 3.2.2.9 Service Delivery via J2ME Apps 3.2.2.10 mWallet 4. Mobile Remittance: Operator-Side Types of Implementation 4.1 Business Models Figure 4. Mobile Remittance Value Chain 4.1.1 Mobile Operator as Bearer Channel Provider Figure 5. MNO as Bearer-only Business Model 4.1.2 Mobile Operator as Bearer and Banking Application Host Figure 6. MNO Banking Application Host Business Model 4.1.3 Integrating Banks/Financial Institutions into Mobile Operator Hosted Platforms Figure 7. Business Model for an MNO as a Banking Hub Figure 8. Topology of the MNO Banking Hub Model 4.1.4 MNO Adoption of Financial Institution Status Figure 9. Financially-licensed MNO model with MNO positioned as beneficiary Figure 9. Financially-licensed MNO model with MNO positioned as remitter 4.1.5 Summary of MNO Business Model Options 4.2. Business Model Options for Financial Institutions 4.3 Service Models 4.3.1 mWallet to mWallet 4.3.2. mWallet to Cash 4.3.3 Cash to mWallet 5. Financial and Mobile Industry Convergence: Control Points and Requirements in Implementation 5.1 Regulatory 5.1.1 Addressing Boundaries between financial and telecoms regulatory frameworks 5.1.2. Aligning Developing Economy Mobile Remittance Models with KYC and AML/CFT Regulations 5.1.3. Developing Economy Mobile Remittance Models and the Application of Prudential Regulation 5.1.3. Developing Economy Mobile Remittance Models and Access to Clearing Systems 5.1.4 Formalising Remittance Flows 5.2. Transaction Processing 6. Mobile Operator and Financial Institution Partnerships: Mobile Remittance Case Studies and Emerging Developments 6.1. Smart Telecom mWallet Services, Philippine 6.1.1 Smart Padala Remittance: 4 years of success Tables 4a and 4b. Smart Padala Remittance Partners and Locations Overseas 6.2. Globe Telecom, Philippines 6.2.1 GXI - Globe's M-Commerce Subsidiary 6.3. Vodafone's Strategies 6.3.1 Safaricom and M-PESA: m-transaction as a precursor to wider cross-border mobile remittance 6.3.1.1 M-PESA Adoption Curve 6.3.1.2 M-PESA Adoption Drivers 6.3.1.4 The M-PESA Service Model 6.3.1.5 M-PESA Expansion and International Implementation by Vodafone Figure 10. Advertisement for M-PESA 6.3.1.6 Delays and Barriers for the International Implementation of M-PESA 6.3.2 Vodafone and Citigroup/Citibank global agreement 6.5. Bharti Airtel and Western Union Pilot Project 6.6. The GSM Association Mobile Money Transfer (MMT) Initiative 6.6.1 MMT: Attempt at creating a Multilateral Remittance Framework Table 5. Options for the Implementation of Multilateral MMT Hub Platforms 6.6.2 Partnerships 6.6.2.1 GSMA-Western Union Partnership 6.6.2.2 GSMA-MasterCard Partnership 7. Remittance WASP Vendor Profiles 7.1 Utiba 7.2 aKos Technology Corporation 7.3 Cointel 7.4 Monitise 7.5 GFG Group 8. Conclusions 8.1 A necessity for economic development equals high consequential take-up 8.2 The need for regulatory harmonisation and accommodation 8.3. Standardisation as an achievable goal 8.4. Which form of mobile remittance will emerge as the most common? 8.5. The Danger of the Two Tier Mobile Economy 8.6. Forecasts Chart 11. Comparison of Forecasts for Remittance Channels By Value Chart 12. Forecasts for Remittance Channel Volume Table 6. Operator revenues generated from transaction costs Chart 13. Comparative Mobile Remittance Forecast for Recipient Countries Table 7. Forecast for Mobile Remittance Transaction Volumes per Country (US$million) Similar Products • 2009 Top 10 Business Drivers, Strategic Responses, and IT Initiatives in Global Payments Published Nov 2008 by TowerGroup • Mobile Banking and Payments, September 2008: Leaders, Laggards, and New Trends Published Oct 2008 by TowerGroup • Geography Is No Longer a Barrier for International Mobile Remittances Published Oct 2008 by Yankee Group • Data Breaches: What Should Banks, Payments Firms and Merchants do to Protect Brand Equity and Customer Loyalty? Published Oct 2008 by Javelin Strategy & Research • Emerging Media and Technology - UK Published Oct 2008 by Mintel International Group Ltd. • Mobile-Banking Consumer Behaviors How Segmentation and an Emphasis on Smartphone Users Will Build Profits, Loyalty and Adoption Published Oct 2008 by Javelin Strategy & Research • Online Storage ‘Vaults’ The Electronic Safe Deposit Box Brings Opportunities for Loyalty and Fees, but Can It Overcome Daunting Challenges? Published Oct 2008 by Javelin Strategy & Research • Banking on PHRs and the Personal Health Technology Platforms Published Sep 2008 by IDC • The Future of Electronic Payment Technology in New Zealand: A Market Overview Published Sep 2008 by IDC • Mobile Banking and Payments, August 2008: Leaders, Laggards, and New Trends Published Sep 2008 by TowerGroup