Innovation WorkshopsMobiKash Case

CIO100 Conference 29th November 2011, Safari Park Hotel and Casino, Nairobi, Kenya
MobiKash Afrika Limited 2011 MobiKash Afrika Limited 2011

Discussion Points Discussion points

What is MobiKash egulation & Oversight What can you do with MobiKash obiKash Connection Structure anagement of Excess over the SVA Limit OPOTE Account for the Unbanked

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What is MobiKash? MobiKash is an independent, integrated, mobile banking, mobile money transfer, payment system and agency banking that works in a real time;
1.

Across All: Mobile Operators Participating Banks and Financial Institutions (Allowing linking up to 15 Bank A/Cs) Participating Bill Issuers & Merchants It operates across multiple access channels 24/7: 33 MobiKash Afrika Limited 2011 Mobile (USSD/SMS; Mobile Internet; Apps)

2. Regulation & Oversight MobiKash Afrika Limited, Licensed by CCK to:

Establish and provide electronic content services Financial information services Broadcasting contents Other information society services

Offer: Mobile Money Transfer Services Integrated Mobile Banking & Payment system
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Approved by CBK to:

MobiKash Afrika Limited 2011

3. What can you do with MobiKash Send and receive money from other MobiKash and linked Bank accounts

Send and receive money from linked Bank/Financial institution accounts Deposit and Withdraw at any registered MobiKash Agent Outlet from MobiKash and linked Bank accounts Paybills with registered Bill issuers from your MobiKash and linked Bank accounts Buy Goods at merchant outlets
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4. MobiKash Connection Structure

Customer X
A/C 4 A/C 3 A/C 2 Ban

Customer Y
A/C X A/C 3 A/C 2 Ban

MOBIKA SH

MOBIKA MOBIKASH & SH

Linked account

(Bank, MFI, SACCO

k A/c 1

k A/c MOBIKASH PARTNER Gateway 1

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R e m it t e r s

Agent MOBIKA Agent SH Agents

POS, ATM

Billers, Merchants, Government, NGOs, SMEs, Corporates

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5. Management of Excess over the SVA Limit Sample of Kenya [KES 100,000] Sample 1-Stage 1
Incoming Transfers KES 40,000
MobiKash SVA Balance KES 80,000

Bank/ SACCO/ MFI A/C.1 (Default) Balance KES 25,000

Sample 1-Stage 2 Update

MobiKash SVA Balance KES 100,000

KES 20,000 Swept Bank/ SACCO/ MFI A/C.1 (Default) Balance Less Charges KES 44,980

Sample 2-Stage 1&2 Deposit at Agent of KES 22,000

MobiKash SVA Balance KES 100,000

KES 22,000 Swept Less Charges

Bank/ SACCO/ MFI A/C.1 (Default) Balance KES 66,960

MobiKash Afrika Limited 2011

6. POPOTE Account for the Unbanked

POPOTE Account for the Unbanked

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POPOTE Account: is the BRAND NAME of accounts opened/facilitated on behalf of participating Financial Institutions in the field through the agents outlets managed by MobiKash and data input delivered electronically to banking system. The Application for is universal to all participating banks.

A customer is only allowed to open ONE POPOTE Account with a bank of their choice.

MobiKash Afrika Limited 2011

POPOTE Account is a low KYC account , targeting the unbanked members of the society.

Requirements for opening a POPOTE account

Original and copy of National ID or Military ID or Passport or Alien ID; Two (2) coloured Passport photos; Completed account opening form for the selected or chosen FI (Starter Pack). Only ONE Popote Account can be opened per person among the participating banks.

Note: Once requested by the customer the account opening form becomes the property of the selected bank

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========================THANK YOU =====================Q& As====================

Presented by:

Duncan Otieno CEO, MobiKash

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