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March 2017
The Future of Remittances
and Mobile Money
Ismail Ahmed,
CEO and Founder
March 2017
@WorldRemit
@WorldRemit
Photo credit: AMISOM Public Information, Flickr
@WorldRemit
@WorldRemit
@WorldRemit
@WorldRemit
@WorldRemit
@WorldRemit
@WorldRemit
500 Million 2016
199 Million 2014
155 Million 2012
GSMA Mobile Financial Services Report, 2015
@WorldRemit
1 Billion 2025
1.3 billion Transactions per month
$22 billion Dec 2016
GSMA Mobile Financial Services Report, 2016
@WorldRemit
@WorldRemit
Offline to online
Source: World Bank 2015 forecast, UN and company reports
ONLINE 60%
OFFLINE 40%
2017 2025
@WorldRemit
42% Using IM to
discuss transfer @WorldRemit
Mobile Money vs other receive methods
Average value and frequency per month, January 2017
0.00
1.00
2.00
3.00
4.00
GHANA KENYA TANZANIA UGANDA
Average # transactions per user
Cash pick up Bank deposit Mobile Money deposit @WorldRemit
Remittances
a new way of communicating part of a global ecosystem enabling better lives
@WorldRemit
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