UNIFIED e-paymnts GATEWAY

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1 UNIFIED e-paymnts GATEWAY Electronic Payments in Governments & Beyond Danson Muchemi Chief Executive Officer, Jambopay JamboPay 2015

2 About Jambopay Jambopay is an innovative payments service provider. Offering payment solutions to the private sector, local governments and other government authorities Over Ksh25 b transacted in e-wallet subscribers: Over 700,000 Geographical Footprint: 4 countries Over 6 years in operation 2400 merchants in operation Our Ecosystem Merchants Channels Corporates Individuals Mobile Application USSD Web Portal Agency Network Bank Network Wallet holders JamboPay 2015 The Unified e-payment Gateway VISIT 2

3 Notable merchants About Jambopay Cont Mbao is a mobile based pension scheme. Members Contribute $0.2 daily. Total amount processed: 22,344,941 since January 2010 Total contributions: 707,939 Total members: 69,737 NHIF EPay is a Mobile, Web & Agency National Health Insurance Contribution Service. Processed over Ksh 12.5 billion since October 2014 EjijiPAY is a Mobile, Web & Agency Tax Payment Service for Nairobi City Ksh 10.3 billion processed since June 2014 After one year, adoption been significant with 31% of all payments to the county made through electronic channels Revenues increased by 30% over the same period Segment Adoption Growth % Growth Value Single Business 85% 17.8% Million Permits Seasonal Parking 85% 29.0% million Parking penalties 70% 42.8% 9.8 million Liquor Licenses 86% 2824% 6.8 million JamboPay 2015 The Unified e-payment Gateway VISIT 3

4 JamboPay Agents + AGENCY NETWORK 3750 Active Agents JamboPay 2015 The Unified e-payment Gateway VISIT 4

5 Government & Payments Platform Services Numbers 2015 Ecitizen NTSA, Lands, Immigration, Business Registry Ksh 3.15 Billion (todate) Huduma Cs 12,000 people /day Single Window Trade Others(Judiciary etc) JamboPay Governments(Kenya,Uganda,Tanzania),Private Sector Ksh 25Billion in 2015 JamboPay 2015 The Unified e-payment Gateway VISIT 5

6 Recent Trends in e-payments The state of Kenya Payments made using plastic cards dipped by 18.2% to Ksh. 1.1 trillion in past 11 months to November 2015 Mobile phone-based payments are eating into commercial banks business Card Transactions Mobile Transactions 18.2% % Ksh 1.4 trillion *Transacted eleven months to November 2014 Ksh 1.3 trillion Ksh 1.9 trillion Ksh 2.8 Trillion There are an estimated 17,015 point of sale (PoS) devices and 13.9 million cardholders, translating to one PoS device per 2,350 customers In perspective, these are over 121,000 agents serving M-Pesa, MobiKash, Airtel Money, yucash, Orange Money and Tangaza with 24.9 million subscribers. This translates to 1 agent per 206 customers Vaccine JamboPay 2015 The Unified e-payment Gateway VISIT 6

7 The Future of e-payments The future of digital financial services delivery and its adoption is affected by the following factors; Product Relevance; Financial products to be tailored to the target market segments Accessibility; Services to be offered through existing or readily available channels Ease of Use Products and solutions designed for easy use Government regulation; Giving confidence to consumers and investors Cost of Technology Affordable costs to both consumers and merchants Social Financial Networks Digital Services that are aligned to existing social Financial Networks have easier adoption JamboPay 2015 The Unified e-payment Gateway VISIT 7

8 Future of e-payments Cont Mobile money and mobile payments have generally been successful in Latin America, parts of Middle East and Africa. However, the market is still relatively unexploited; in sub-saharan Africa more than 80 percent of adults have made bill payments or remittances with cash Existing mobile money infrastructure and new technologies such as NFC put mobile strongly place to steer the future of e-payments What s Next Deeper financial inclusion making payments, especially mobile accessible Regulators in many markets are paving the way for e-money and the entry of nonbank operators Development of business models and systems for electronic remittances both domestic and international; money systems will operate within the boundaries of a single country Established payment networks such as Visa and MasterCard integrating with mobile network operators to provide mobile payment solutions in emerging markets; This is already true for Latin America where MasterCard has signed extensive agreements with Telefonica JamboPay 2015 The Unified e-payment Gateway VISIT 8

9 Future of e-payments Cont * Mobile, at least in Africa, is poised to power the future of electronic payments JamboPay 2015 The Unified e-payment Gateway VISIT 9

10 Future of e-payments Cont * Mobile, at least in Africa, is poised to power the future of electronic payments JamboPay 2015 The Unified e-payment Gateway VISIT 10

11 JAMBOPAY - Headquarter View Park Towers, 12 th Floor Nairobi, REPUBLIC OF KENYA P.O. Box Tel: Fax: info@jambopay.com JAMBOPAY Tanzania Off-Kinondoni Road, Mwindu Lane Street Plot 17, Block Ada Estate P.O. BOX 7518, Dar es Salaam REPUBLIC OF TANZANIIA Tanzania info@jambopay.com JAMBOPAY Uganda Kalamu House Kira Road, Plot No. 1B C/O P.O. Box Kampala info@jambopay.com JamboPay 2015