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بسم الله الرحمن الرحیم

بسم الله الرحمن الرحیم. Brief Introduction On Mobile Money Institutions (EMIs). By: Noorullah Delawari Governor of Da Afghanistan Bank. m obile money Concept.

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بسم الله الرحمن الرحیم

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  1. بسم الله الرحمن الرحیم

  2. Brief Introduction On Mobile Money Institutions (EMIs) By: NoorullahDelawari Governor of Da Afghanistan Bank

  3. mobile money Concept • Mobile Money Institution or (EMI): A legal entity that accepts banknotes, coins, or other means of payment in exchange for e-money, and facilitates the transfer of this e-money to make payments. • Mobile Financial Services: The use of a mobile phone to access financial services and execute financial transactions. This includes both transactional and non-transactional services. • E-money:A value stored on an electronic device and usable to make payments to other parties

  4. Access to Financial Services in Afghanistan • 16 Commercial banks,1 specialized microfinance bank and 6 Islamic banking windows • 4 Insurance companies, 6 microfinance institutions, • 513 Money Service Providers with 292 representative offices, • 1205 Foreign Exchange Dealers • 2 out of 1,000 persons have a loan account • 26 out of 1,000 persons have a savings account • 0.6 branches per 100,000 persons • 0.03 branches per 1,000 square kilometers

  5. Access to Financial Services… continued

  6. Access to Financial Services … continued • 840 banking facilities dealing with around 3.4 million depositors and 67 thousand borrowers • By end of 2012, the total asset of the banking sector has reached AFN 224 billion (USD billion 4.19) representing 21% of GDP • The capital adequacy ratio is at an acceptable level of 22% as at the end of 2012, and the total deposits of the banking sector stands at AFN 201.77 billion (USD 3.68 billion). • The total size of the Islamic banking business amounted to AFN 8.2 billion (around USD million 158), i.e. almost 3.7% of the total banking sector assets.

  7. Role of Mobile Money in Financial Inclusion • Extends financial Services to low income population • Improves efficiency and productivity by lowering transaction costs • Generates new employment opportunities • Creates platform on which other Businesses can grow • Improves security

  8. Benefits of Mobile Money • Cheaper than other alternatives to cash • Safer, reliable and convenient • Higher in speed and liquidity • Improves livelihood • Increases access to further financial services (credit, insurance, savings and etc) • Improves monitoring of financial flows and reduces illegal activities

  9. DaAfghanitan Bank Initiatives • Revised MSP Regulation to address Mobile Money Sector’s Needs, • Issued EMI licenses to 2 Mobile Network Operators: • MSDA (M-Paisa) - Roshan • mHawala – Etisalat • Issued NOCs to AWCC and MTNA for pilot projects • Encourages all interested investors to invest • Preparing to provide technical assistance to EMIs

  10. Current Status of Mobile Money Sector • Total Assets of Licensed EMIs: USD 8 million • Total e-money amount of clients: USD 3.8 million • EMIs are operating over: 32 provinces and in 192 cities/districts • Total number Mobile Money agents: 245 • Total number of active Mobile Money Users: 10,000

  11. Current Status of Mobile Money SectorContinued • Total number of registered Users: 1.37 million • Average number of monthly transactions: 38,000 • Average amount of monthly transactions: AFN 265 million • Average amount of monthly salary payments: AFN 100 million • Average amount of loan repayments: AFN 7.1 million • Total number of National Police who receive salary: 1300

  12. Types of Services • Salary Payments • Pill Payments • Loan Repayments • Airtime Purchase • Domestic Transfers • Upcoming facilities • Microfinance Payments • Electricity Bill Payments

  13. Future Potentials • Millions of Mobile Network clients can be easily transferred to Mobile Money Services Users • Further growth opportunities would arise by interoperability between banks, MNOs and merchants • Convenience and safety of payments would boost the usage in utility payment in scale • Uncovered population by banking system is best market for providing financial servies • Opportunity to do salary/fess payments, tax revenue collection and monitor financial flows in the country

  14. Thank You

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