road to growth

The Road to Growth – Key insights on MFS growth for mobile money providers

As the global mobile financial services deployment count nears close to 300 mobile money deployments, 33 million transactions processed daily and 12 billion processed annually – the industry continues to show great promise and great potential to be profitable. Providers are anticipating and expecting to reap great benefit from their deployments due to combination of direct fee revenues and indirect benefits that they may earn via this channel (churn reduction and lower airtime-sales-channel costs being the most significant). For those providers that have initially set up their mobile money solution and are not yet seeing their success come to fruition, […]  More >>
Partnerships

How to drive partnerships further and faster in MFS

In this hypercompetitive market, you need strong and strategic partnerships to ensure the long term profitability of your MFS business. You and your partners are in constant pursuit of ways to expand distribution, enhance customer experience and monetize new opportunities. Tapping into the right partnerships will enhance your and your partners’ overall technological capabilities as well as the chance to expand into new channels and territories. Additionally, partnerships are essential for enabling you to scale and innovate so that you will be better equipped to enhance the overall customer experience and launch more use cases. Strategic partnerships will also help […]  More >>
XXXX on Thursday, June 2, 2016, in New York. (Charles Sykes/AP Images for VISA)

The Sixth Olympic Ring

The five-ringed symbol of the Olympic Games represents the five world continents, and furthers the message that all humanity is connected. However, it is the sixth ring, making its debut in Rio, which could have the biggest impact on all of us. The Visa payment ring is an NFC-enabled device, which allows wearers to make payments simply by tapping their ring on the payment terminal. Consumers no longer have to reach into their pockets to take out credit cards, or even switch on their phone, when buying a cup of coffee or a souvenir from the Rio Games. The payments […]  More >>
In successful MFS implementations, profitability and scalibility go hand in hand

When it comes to MFS, scalability and profitability can go hand in hand

Telcos that offer mobile financial services (MFS) are often faced with an age-old dilemma: how to accelerate adoption of those services, increase their usage as well as expand to broader, more innovative use cases with the purpose of becoming scalable and profitable. Generating revenues and eventually showing profitability from MFS remains complicated as it is based on volume which takes time to build. One of the main issues for measuring profitability of mobile money services is dramatically different from measuring the profitability of e.g., voice and data services. In contrast to the latter providing mobile financial services revolves around operational […]  More >>
Amdocs scoops award for Best Payments Deployment in Asia

Amdocs scoops award for Best Payments Deployment in Asia

At last month’s Mobile Money Global event in Istanbul, Amdocs were jointly honored with an award for the Best Payments Deployment in Asia in 2015. The award reinforces the great inroads into the global payments market we’ve made over the last year or so, especially in countries like the Philippines, where we have teamed up with local provider Globe Telecom. With 40% of municipalities in the Philippines lacking any sort of physical access to banks, and a number of high barriers preventing people from even opening a bank account, some 75% of the Filipino population still remains unbanked. Our innovative […]  More >>
MFSchat Blog Image

Chat With Juniper About Connected Money: Catch Up On What You Missed

Ever wonder why or whether Japan is an attractive money transfer market – and whether alternative providers will impact the market share in Japan? If you had to guess, would cost or convenience be the #1 factor impacting choice of money remittance provider? How important is automation in the money transfer process? Check out our “rehashed” AmdocsMFS (handle/link) twitter chat to better understand the above and glean more insight as to why traditional remittance channels like Money Transfer Organizations (MTOs) and banking institutions have had a stronghold on and continue to thrive in the international remittance space. Perhaps you will […]  More >>
India Bylines

The Building Blocks of an Economically Inclusive Market in India

Globally, close to two billion adults – or over 45% of the adult population – don’t have access to a bank account. For those who do have access, an estimated 1.3 billion still rely on cash. Individuals who are considered unbanked or underbanked (those who rely on cash or don’t have an account with a financial institution) are excluded from most economic activities because they lack credit history. This lack means they don’t have access to loans at competitive rates, and must often face higher operational costs.  More >>
Economic Inclusion

The Revolutionary Impact of MFS on Emerging Global Markets

While there may not be one simple fix-all answer to global poverty, there are absolutely solutions that can change the face of the economies of emerging markets, as we know them. The following articles highlight just how valuable mobile financial services are as a means of initiating financial and economic inclusion. From helping to overcome the culturally linked financial hurdles facing Pakistani and Indian women, to changing the lives of trailblazing local African vendors, mobile financial services play an integral role in breaking down the economic barriers that face developing nations today.  More >>
Cards & Payments Asia

Economic Inclusion Through Financial Diffusion

Can you or your business afford to ignore 45% of the world’s population? How about a market with $240 billion in transactions growing at double-digit rates? Yes, emerging markets are the new growth frontier and Mobile Financial Services (MFS) are a way of integrating these markets economically with developed economies and empowering their citizens and communities. However, MFS is much more than P2P transfers and top-ups; they are a powerful medium for change and progress. The reach of MFS extends into the banking, credit, and insurance markets and can expedite the transition of emerging markets and their economic inclusion to […]  More >>
MFS in Tanzania

[Video] Tanzania, Ripe for MFS Reinvention

Emerging economies are prime environments for mobile financial services systems to flourish, which in turn provides local residents with an opportunity for economic inclusion. A perfect example of this is Tanzania, a stable African democracy with some 50 million inhabitants, experiencing strong economic growth. Planting True Financial Seeds for Growth: Where MFS Fits In Agriculture plays a big role in the Tanzanian economy. While it makes up only 25% of GDP, it provides jobs for a whopping 76% of the population. Mobile financial services can play a major role in digitizing agriculture value chains and enabling affordable credit thereby driving […]  More >>