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ClickSAT Community Wi-FI for SANEF mobile money agents

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Oluwafemi Olafusi
Oluwafemi Olafusi

Mobile Money Agents enforce financial inclusion in the underserved regions, the agents can also enhance digital inclusion through community Wi-Fi in their community, making additional revenue.

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Community Wi-Fi for Mobile Money Agents Oluwafemi Olafusi General Manager / Group Marketing Manager CBC emea Group Oluwafemi.Olafusi@cbcemea.com 0818 373 9063 Empowering Mobile Agents to make more… (Increasing financial Inclusion and Bridging the Digital Divide)
o Identify ways to drive deployment of widespread agent networks o Better understanding of agents’ operations and their challenges o Know agents’ motivation for becoming mobile money agents and perception • EFInA Mobile Money Agent Survey 2016 – • Agent Banking Breakfast Series – • EFInA provided a list of 3,458 agents covering six mobile money operators 279 interviews were conducted
• To make additional income from mobile money • To increase the number of customers that visit my business
FEBRUARY 14, 2019 Focus on Mobile Money Agents How Mobile Money Agents Can Expand Financial Inclusion ? • Transaction volume drives revenue • Agents Bottom Line varies depending on Approach. • Agents bear Financial Risk • Providers enjoy a healthy bottom line • New approaches are required to extend the reach of mobile money agents and expand financial inclusion. • These new methods must encompass the system of economic incentives for providers and individual agents, the adoption of technological and business model innovations, and the development of supportive policies. World bank Group in a publication – A game changer – the prospects and pitfalls of mobile money in Somalia recommended that to leverage the full potential of mobile money industry, operators need to offer more diverse, value added services to build up their user base and spur more use of mobile finance.
How can the Agents make more? How can we increase the number of transactions ?
BRIDGING THE DIGITAL DIVIDE AND INCREASING FINANCIAL INCLUSION !!! DIGITAL DIVIDE ? Social issue referring to the differing amount of information between those who have access to the Internet (especially broadband access) and those who do not have access.
And the cost of using terrestrial backhaul, such as fibre or cable is directly proportional to distance, making it increasingly unjustifiable the further the reach from urban centres. Deployment of Wi-Fi access points makes the last mile affordable REASON FOR DIGITAL DIVIDE ? SOLUTION Agents can make additional revenue and drive traffic to their location for more transaction per day by providing broadband internet services through Community Wi-Fi.
Community Wi-Fi Kit o VSAT Equipment o Wireless Access up to 1km o Solar Power (Optional) o Ticketing / Billing System Community Wi-Fi
Benefits to the Agents o More traffic of people and awareness for the Mobile Agents for financial transactions and internet access o Agents make additional revenue, keeps the business alive o Agents can do other digital business from the location o Internet Services for Agents to perform task that requires internet o SANEF Objective is further delivered o Agent can make a minimum of N15,000 additional revenue monthly providing the service.
Why VSAT o ClickSAT Broadband Satellite Internet o Satellite Teleport is in Nigeria – Traffic is not going out, it is secured and suitable for financial transactions. Landing right NCC o Coverage is everywhere in Nigeria because of 9 satellite beans covering Nigeria. o Small VSAT Equipment, speed up to 25Mbps o Data Plans lower than mobile operator internet charges at N400 per 1GB to Community Users
o CBC emea Group o Conglomerates of six subsidiaries o Established 35 years ago o Pioneering ICT Company in Nigeria o Leading provider of information technology, consulting, security, surveillance, Energy, Infrastructure and business process and related services to public and private clients spanning multiple industries.

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ClickSAT Community Wi-FI for SANEF mobile money agents

  • 1. Community Wi-Fi for Mobile Money Agents Oluwafemi Olafusi General Manager / Group Marketing Manager CBC emea Group Oluwafemi.Olafusi@cbcemea.com 0818 373 9063 Empowering Mobile Agents to make more… (Increasing financial Inclusion and Bridging the Digital Divide)
  • 2. o Identify ways to drive deployment of widespread agent networks o Better understanding of agents’ operations and their challenges o Know agents’ motivation for becoming mobile money agents and perception • EFInA Mobile Money Agent Survey 2016 – • Agent Banking Breakfast Series – • EFInA provided a list of 3,458 agents covering six mobile money operators 279 interviews were conducted
  • 3. • To make additional income from mobile money • To increase the number of customers that visit my business
  • 4. FEBRUARY 14, 2019 Focus on Mobile Money Agents How Mobile Money Agents Can Expand Financial Inclusion ? • Transaction volume drives revenue • Agents Bottom Line varies depending on Approach. • Agents bear Financial Risk • Providers enjoy a healthy bottom line • New approaches are required to extend the reach of mobile money agents and expand financial inclusion. • These new methods must encompass the system of economic incentives for providers and individual agents, the adoption of technological and business model innovations, and the development of supportive policies. World bank Group in a publication – A game changer – the prospects and pitfalls of mobile money in Somalia recommended that to leverage the full potential of mobile money industry, operators need to offer more diverse, value added services to build up their user base and spur more use of mobile finance.
  • 5. How can the Agents make more? How can we increase the number of transactions ?
  • 6. BRIDGING THE DIGITAL DIVIDE AND INCREASING FINANCIAL INCLUSION !!! DIGITAL DIVIDE ? Social issue referring to the differing amount of information between those who have access to the Internet (especially broadband access) and those who do not have access.
  • 7. And the cost of using terrestrial backhaul, such as fibre or cable is directly proportional to distance, making it increasingly unjustifiable the further the reach from urban centres. Deployment of Wi-Fi access points makes the last mile affordable REASON FOR DIGITAL DIVIDE ? SOLUTION Agents can make additional revenue and drive traffic to their location for more transaction per day by providing broadband internet services through Community Wi-Fi.
  • 8. Community Wi-Fi Kit o VSAT Equipment o Wireless Access up to 1km o Solar Power (Optional) o Ticketing / Billing System Community Wi-Fi
  • 9. Benefits to the Agents o More traffic of people and awareness for the Mobile Agents for financial transactions and internet access o Agents make additional revenue, keeps the business alive o Agents can do other digital business from the location o Internet Services for Agents to perform task that requires internet o SANEF Objective is further delivered o Agent can make a minimum of N15,000 additional revenue monthly providing the service.
  • 10. Why VSAT o ClickSAT Broadband Satellite Internet o Satellite Teleport is in Nigeria – Traffic is not going out, it is secured and suitable for financial transactions. Landing right NCC o Coverage is everywhere in Nigeria because of 9 satellite beans covering Nigeria. o Small VSAT Equipment, speed up to 25Mbps o Data Plans lower than mobile operator internet charges at N400 per 1GB to Community Users
  • 11. o CBC emea Group o Conglomerates of six subsidiaries o Established 35 years ago o Pioneering ICT Company in Nigeria o Leading provider of information technology, consulting, security, surveillance, Energy, Infrastructure and business process and related services to public and private clients spanning multiple industries.