MMU Deployment Tracker Update

It’s only been two months since the GSMA Mobile Money Deployment Tracker was launched and we are already seeing a noticeable increase in the number of live and planned deployments worldwide. This interactive tool was designed to track the number of mobile money deployments targeting the unbanked segment, as well as present in depth data, remittance corridors, and socio-economic information on the countries in which these deployments are being launched.

So what’s been happening in the last couple months?

Let’s begin our update by looking at the South Asian Region. Easypaisa in Pakistan has launched its third product, the Mobile Account. Mr. Ali Abbas Sikandar, Group Executive Director at Tameer Microfinance Bank recently shared some impressive numbers about their deployment: over 500,000 transactions processed in the last four month and 420,000 bill payments since its launch.

More details here.

In Barcelona, Globe announced some big changes that will impact the Philippines: using the Beglacom ICS HomeSend service, it will soon be easier to send money back to the Philippines electronically.

Moving to Africa, we’ve seen a continued expansion from Zain, who announced that Zap is now available in Ghana.  And in Somalia, we’ve added two deployments that previously were not captured in our tally: Telesom’s Zaad which has been live since the end of 2009, and Hormuud Telecom, which will hopefully be gaining traction in the months to come with their newly launched mobile money transfer service.

In India, Nokia has teamed up with YES BANK to introduce a live commercial pilot scheme of Nokia Money. This initiative, based on Obopay’s platform, is initially targeted at growth markets and designed to work in partnership with multiple network operators and banks, involving distributors and merchants.

Finally, in Latin America, Trivnet has been selected to provide mobile money services to Telefonica’s Movistar customers. A wide range of services are being planned for their 12 regional subsidiaries including person-to-person mobile money transfer, mobile commerce, bill payment and mobile banking will be offered

Clearly , the success stories are growing and we will continue to update our readers regularly on the rising new players in the MMU arena.