Omer Omarabi Branchless Banking www.ebs-sd.com 1 August 2016
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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
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