Mobile Money Transfer
Why MMT?
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Opportunity to Save
Safe Storage/Deposit
Transaction Cost
Rent Seeking Behaviour
Convenience
Pride and Dignity
Access to financial services
Why MMT?
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NGO-AB Compliance
Lower Administrative Cost
Higher Efficiency
Effective Risk Management
Greater Accountability
MMT Process
Agents
Agents
PIN Code
Number
Check and
send to
GP/BL
KYC form
National ID
Photo
Signature
Registration
for Mobile
SIM &
Account
Selection of service
provider & Agreemnet
SIM distribution
Money Transfer
& Cash out
Agents
Confirmation of
activated
account
Opening
Mobile
Account
(bKASH/DBBL)
SIM number, Fill with
Phone number submit
to bKASH/DBBL
Agen
Cash Transfer to
bKAS/DBBL
from GKS
Selection of Service Provider
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Cost Structure
Agent Coverage
Liquidity strength of the Agents
Flexibility of the service provider
Other issues that can be account for
Network Coverage
Air-time cost
Keep in mind
• Awareness session/IEC materials
• Regular Communication and follow-up with
MMT agents
Possible Risk
• Beneficiary identification
– ID card
• Agents could be fraud
• During cash withdraw
– Extra money from beneficiary
Cash Transfer modalities
• One of transfer??
• Bogura-3000+2000+3000
• Rest-3000+2000