The Future of Remittances and Mobile Money at Financial Services Club... · Mobile Money vs other receive methods Average value and frequency per month, January 2017 0.00 1.00 2.00

March 2017

The Future of Remittances

and Mobile Money

Ismail Ahmed,

CEO and Founder

March 2017

@WorldRemit

@WorldRemit

Photo credit: AMISOM Public Information, Flickr

@WorldRemit

@WorldRemit

@WorldRemit

@WorldRemit

@WorldRemit

@WorldRemit

@WorldRemit

500 Million 2016

199 Million 2014

155 Million 2012

GSMA Mobile Financial Services Report, 2015

@WorldRemit

1 Billion 2025

1.3 billion Transactions per month

$22 billion Dec 2016

GSMA Mobile Financial Services Report, 2016

@WorldRemit

@WorldRemit

Offline to online

Source: World Bank 2015 forecast, UN and company reports

ONLINE 60%

OFFLINE 40%

2017 2025

@WorldRemit

42% Using IM to

discuss transfer @WorldRemit

Mobile Money vs other receive methods

Average value and frequency per month, January 2017

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1.00

2.00

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4.00

GHANA KENYA TANZANIA UGANDA

Average # transactions per user

Cash pick up Bank deposit Mobile Money deposit @WorldRemit

Remittances

a new way of communicating part of a global ecosystem enabling better lives

@WorldRemit