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Mobile Money Transfer
Why MMT?
• Opportunity to Save• Safe Storage/Deposit• Transaction Cost• Rent Seeking Behaviour• Convenience• Pride and Dignity• Access to financial services
Why MMT?
• NGO-AB Compliance• Lower Administrative Cost• Higher Efficiency• Effective Risk Management• Greater Accountability
MMT Process
Registration for Mobile SIM & Account
Opening Mobile Account (bKASH/DBBL)
Confirmation of activated account
SIM distribution
Money Transfer & Cash out
KYC formNational ID
PhotoSignature
Check and send to GP/BL
SIM number, Fill with Phone number submit
to bKASH/DBBL
PIN Code Number
Cash Transfer to bKAS/DBBL from GKS
Agents
Agents
Agents
Agents
Selection of service provider & Agreemnet
Selection of Service Provider
• 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