Designing for Financial Inclusion - Sending Money Home
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The document discusses various aspects of financial inclusion and management through mobile financial services (MFS) in different countries, emphasizing the importance of trust accounts and fund segregation. It also highlights the challenges faced in accessing financial services and the need for clear communication of financial concepts. Lastly, the document provides practical examples of money transactions and emphasizes learning through experience.
Designing for Financial Inclusion - Sending Money Home
- 1. Gabriel White Sending money home @smallsurfaces
- 4. Complex financial lives. smallsurfaces Afford Two, Eat One (Proximity Designs, frog, and Studio D Radiodurans)
- 5. Lumpy incomes. smallsurfaces Afford Two, Eat One (Proximity Designs, frog, and Studio D Radiodurans)
- 7. Useful amounts of capital. smallsurfaces
- 8. Preparing for the unexpected. smallsurfaces
- 11. Formal & regulated. smallsurfaces (b) Money Laundering and (c) adequate business continuity and disaster recover (d) effective audit function to provide periodic review of the security control environment and critical systems. 7. Trust Account and Fund Segregation Requirements (1) MFSPs shall keep 100 percent of the float in a trust account consisting of liquid assets and it shall remain unencumbered and not be commingled at any time with any others funds of the MFSP. (2) Liquid assets can consist of- (a) demand deposit held at commercial banks in Myanmar approved by the Central Bank, provided that such deposit shall be held separately from cash balances or deposits relating to other operations of the MFSP; and (b) any other asset approved by the Central Bank. (3) MFSPs shall on an ongoing basis, but by no later than 4.00 p.m. each day, reconcile the liquid assets held in the trust account. (4) Any deficiencies in the amount of liquid assets in the trust account shall be rectified by 12.00 pm the next day. n new MFS accounts until the deficiencies referred
- 12. Extending financial services helps. smallsurfaces
- 13. maisha_elonai Branches are often distant. smallsurfaces
- 14. Interna<onal Banker Barriers to access are high. smallsurfaces
- 15. Brian Harries Mobile financial services. smallsurfaces
- 16. More extensive & approachable. smallsurfaces
- 19. The concept of an account. smallsurfaces
- 20. The concept of a PIN. smallsurfaces
- 21. Secret withdrawal code. smallsurfaces Mutually shared secret number Secret number Secret withdrawal code Withdrawal password Withdrawal number
- 22. Words matter. smallsurfaces Mutually shared secret number Secret number Secret withdrawal code Withdrawal password Withdrawal number
- 24. You Scan this QR code with your Smartphone To find out more about a High Interest Savings Account – with the first $100 Deposit on us! You may need to get a QR Code® reader from your SmartPhone App Store Your branch Main and Elm 100 Main Street Metropolis, AA 01234 Your Transaction Details Date Details Withdrawals Deposits Balance Apr 8 Opening Balance 5,234.09 Apr 8 Insurance 272.45 5,506.54 Apr 10 ATM 200.00 5,306.54 Apr 12 Internet Transfer 250.00 5,556.54 Apr 12 Payroll 2100.00 7,656.54 Apr 13 Bill payment 135.07 7,521.47 Apr 14 Direct debit 200.00 7,321.47 Apr 14 Deposit 250.00 7.567.87 Apr 15 Bill payment 525.72 7,042.15 Apr 17 Bill payment 327.63 6,714.52 Apr 17 Bill payment 729.96 5,984.56 Apr 18 Bill payment 223.69 5,710.87 Closing Balance $5,710.87 Are you Get your statements delivered directly to your email account Scan the QR Code below with your SmartPhone to sign up now! Transaction histories are complicated. smallsurfaces
- 28. Clear, focused action to begin. smallsurfaces
- 29. What do I need to do now? smallsurfaces
- 30. Help me as I need help. smallsurfaces
- 31. Tell me it worked. smallsurfaces 150000
- 34. But understandable isn’t always best. smallsurfaces
- 35. Need help? + Rs. 0 fee = Rs. 0 total Amount (Rs.) How much do you want to send? Send Money Cance l An assistant waiting to help. smallsurfaces Need help? 2 3 5 6 8 9 1 4 7 0 + Rs. 0 fee = Rs. 0 total Amount (Rs.) Next How much do you want to send? Back Send Money Cance l Your balance is Rs 2,500. Your can send up to Rs 2,300 plus Rs 200 fee. Rs 2,500 My Balance YOUR BALANCE 0340 9759140 Call Customer Care + Rs. 0 fee = Rs. 0 total Amount (Rs.) How much do you want to send? Send Money Cance l GRID/SmallSurfaces/Karandaaz
- 36. Meaningful suggestions. smallsurfaces Need help? اُردُو Rs 2,500 My Balance Send Money Pay Bill Record Load Credit My Account Find Shop Rs. 2,500 My Balance Good Morning, Faiza Here are some suggestions based on your recent activity. Farooq Maliq 0340 9759140 23983209 Ali Awan Yasir 0340 9759140 0340 9759140 23983209 LESCO Electricity اُردُو Rs 2,500 My Balance GRID/SmallSurfaces/Karandaaz
- 38. The details are the product. smallsurfaces