6 Mesfin IMTFI Presentation

8/13/2019 6 Mesfin IMTFI Presentation

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MOBILE MONEY INFORMATION

SYSTEM ARCHITECTURE FOROPEN AIR MARKET

Woldamriam Mesfin

Addis Ababa University, Ethiopia,[email protected]

4thIM!I "onference

#$ec %&', ()*(+

*
mailto:[email protected]:[email protected]


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-tline*. Introd-ction

(. elated wor/s

& Mobile payment architect-res

0. Methodology$ata 1 data collection

4. !indings

%. "oncl-sion2. 3et tas/s

(


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*. Introd-ction

The Situation

& !inancial service problem 1 development

of mobile technologies& Individ-als lin/ing their money practice to

mobile phones #Ma-rer ()*), 5ristof

()*)+

& $evelopment of -bi6-ito-s technology

& 7ocieties are becoming cashless

#8arcia&7wart9, :ahn, and ;ayne&!arrar, 0


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& $ictate money grad-ally becomes less

material#5ristof, ()*)+< #M-hammad ()**+< #E"$

())(+, #http=>>f-t-reofmoney.com+

& he need for personal I7 to manageeveryday money practice arise, #lsen,

:edman, and ?atrap-, ()*(+.

-t no s-ch framewor/s so far

#5rogstie et al.< ())4+, #ones and Marseden,

())2+, #Bari/h, ())'+ 4
http://futureofmoney.com/http://futureofmoney.com/


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(. elated wor/s

Many attempts to address the iss-e offinancial services thro-gh=

AM and agent networ/s

Problem& AM not s-itable for sparsely pop-lated

r-ral people, re6-ires electricity

& Agent networ/s= have li6-idity problem #http=>>www*.ifc.org+ and, re6-ires

ubi!uitou telecom 7M7 infrastr-ct-re

%
http://www1.ifc.org/http://www1.ifc.org/


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"-rrent mobile payment

architect-res

& e6-ires merchants and c-stomers to

have ban/ acco-nts, #5-mar et al.< ()*)+,

#?ilamos and 5arno-s/os, ())0+, #ritto et

al.< ())C+, #8-o, ())C+ and #"handrahas

et al.< ()**+

& $eveloped in the contet of developed

co-ntries

2


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ottlenec/s in developing co-ntries ;ow practice and service of ban/ acco-nt based

transaction, #AbhiDit and Esther, ())'+,#-therford, *+, #$-ncome and oateng,())+, # 5ristof , ()*)+, #"ollins et al, ())+.

!re6-ent interr-ption of telecom services, #nosignals and services at -ndergro-nd b-ildings,d-ring national and religio-s holidays #networ/congestions+, which ma/e 7M7 based

payments to be impractical. 7M7 based payment architect-re is also not

appropriate for micro payments, #8-o, ())C+.Imagine 0% cent 7M7 service charge to pay %)

cent '


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esearch F-estion

h-s, it is important to research and loo/for U7E "E3EE$ A":IE"UE

If money is digital (mobile money), whathas to be the characteristic nature ofmobile money information system

architecture (functionalities) in the contextof illiterate rural communities who transactin the open air market?

C


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0. Methodology

2% million Ethiopians live in r-ral areas

hey transact in open air mar/et

$ata is collected from 4 different sitesfrom 7eptember G 3ovember ()*(

bservation, interview, and disc-ssions

were -sed to gather the data $ifferent mar/et segments were

considered li/e=


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Mar/et places st-died

!r-its 1 vegetables

"ereals

"lothes 7pecies

7heep 1 goats, oen and cows.

*)


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espondent Brofiles

#thro-gh random selection+

$ifferent religions $ifferent age #*2&%+ years old

$ifferent ed-cational level #) grade G A+

-siness eperience #).% G 0) +years

**


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4. !indings

*(


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4.*. "-rrency identification thro-gh

color, si9e, and pict-res on them

*0


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"#$# Ho% Mer&hant Or'ani(e

Themel)e

*4


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*%


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*2


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"#*# Common mita+e , error

mer&hant ma+e

*'


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& 3o 6-e-ing of c-stomers

& Items are not prepac/aged

h-s d-ring b-sy times=

Merchants are not s-re who has paid

them and who did not,

:ow m-ch money was received and

whether changes were made or not,

B-t sales of an item into the wrong bag "-stomers are not willing to accept old

money #for change+,

*C


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Eample of an old money that a

c-stomer ref-sed to accept

*


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"ash can get lost by wind

Money can stic/ together and be co-nted as

one

!orgery money notes and -nable to

differentiate

;ac/ of changes #d-ring transaction+

()


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:ow they solve some of these

problemsH

$isagreements between merchants and

c-stomers regarding how m-ch was

accepted, whether changes were made or

not is resolved by as/ing people aro-nd,

ac/ tracing #confessing how m-ch they

have when they are coming+

(*

" " F t - t t . t l


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"#"# Feature o- automate. tool

that mer&hant %oul. li+e to

ha)e/ i- an0A device that is capable of= Brotect their money from thefts,

o handle money easily, Able to identify the profit 1 lose from each

item categories, identify cheaters,

hat can tell balance by so-nd, $o financial mathematics #sales, costs,

profit 1 lose, changes+

((


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A device that able to tell when ma/ing

mista/es, can be integrated with mobile

phones for alerting p-rpose,

A device that is capable of co-nting money

(0


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"heap, d-rable, easy to carry on, and

operates by so-nd,

Able to generate changes for transaction,

hat can detect people who has not paid,

how m-ch they paid, and detect cheaters, Able to detect errors and mista/es thro-gh

so-nd,

hat cannot be stolen, even if stolen,money sho-ld be inaccessible to thefts and

send signal abo-t its location to their cell

phone.(4


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Pra&ti&e an. 1roblem o- mar+et

ai'nment

#b-yers perspective+

$elegating one another

Illiterates /eep separately, even the

changes

elatively ed-cated people /eep a note of

it and aggregate with their personal money

Appears to be l-mp s-m of money andattracts thefts and b-rglars

(%


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Brice negotiations

7ee the video

ral ?s "ash offers

(2


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%. "oncl-sion

Botential architect-ral design concepts are

identified.

!-rther research insight is re6-ired

regarding the -ormat 2tru&ture3 of

digital c-rrencies

('


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2. 3et tas/s

7ome more field st-dy #different contets+

o identify some more design concepts

Map those concepts into architect-ral

design

(C


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han/ yo-

F-estions

7-ggestions, and

"omments are welcome

[email protected]

(
mailto:[email protected]:[email protected]

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6 Mesfin IMTFI Presentation