1. IFC Mobile Money Study 2011 : Thailand
- Author
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International Finance Corporation
- Subjects
MASS MARKET ,SAVINGS BANK ,CREDIT GUARANTEE ,DEPOSIT ,TAX CREDITS ,IDENTIFICATION NUMBER ,MOBILE NETWORK ,CREDIT CARD ,NICHE MARKET ,BALANCE INQUIRIES ,CASH PAYMENTS ,NEW COMPANY ,CREDIT UNIONS ,BANK CUSTOMERS ,E-PAYMENTS ,FINANCIAL INFRASTRUCTURE ,RECESSION ,GOVERNMENT POLICY ,COMPETITIVENESS ,GOVERNMENT OFFICE ,URBANIZATION ,BANK OF THAILAND ,REGULATORY ENVIRONMENT ,BANK CUSTOMER ,SERVICE PROVIDERS ,REGULAR PAYMENTS ,PAYMENT PROCESSORS ,POINT-OF-SALE ,BUSINESS SUCCESS ,MASS TRANSIT ,MEDIUM ENTERPRISES ,BUSINESS DEVELOPMENT ,E-BANKING ,TELECOMMUNICATIONS INDUSTRY ,FARMERS ,EARNINGS ,OUTSOURCING ,MORTGAGE ,PAYMENT METHODS ,BANK ACCOUNTS ,PENSIONS ,POINT OF SALE ,DEPOSITS ,NEW BUSINESS ,REMITTANCE ,INTERNATIONAL FINANCE ,BANK DEPOSITS ,AUTOMATED TELLER MACHINES ,VALUE CHAIN ,DEBIT CARDS ,SMALL BUSINESSES ,BUSINESS STRATEGIES ,BANKING INDUSTRY ,SERVICE PROVIDER ,ID ,ACCESS TO FINANCIAL SERVICES ,FOREIGN BANKS ,BUSINESS CENTERS ,SMALL BUSINESS ,VILLAGE FUNDS ,GOVERNMENT OFFICES ,CASH MANAGEMENT ,CAPABILITIES ,FINANCIAL DEVICES ,PROFITABILITY ,FINANCIAL LITERACY ,MERCHANTS ,PROTOCOL ,ENTREPRENEURS ,COMMUNICATIONS TECHNOLOGY ,MICROCREDIT ,REVOLVING FUNDS ,EMPLOYEE ,ATM PENETRATION ,BANK ACCOUNT ,BUSINESS-TO-BUSINESS ,CUSTOMER SERVICE ,ACCESS TO ATMS ,ISLAMIC BANK ,START-UP ,BANK CHARGES ,SMALL-VALUE TRANSACTIONS ,VILLAGES ,KEY CHALLENGES ,REGULATORY FRAMEWORK ,FINANCIAL SYSTEM ,EXCHANGE RATE ,FINANCIAL INSTITUTIONS ,BALANCE INQUIRY ,TELECOMMUNICATIONS ,HOUSEHOLDS ,BANKING SERVICES ,BUSINESS MODELS ,PUBLIC TRANSPORT ,BANKS ,ACCESS TO ATM ,MOBILE PHONE ,BUSINESS TRANSACTIONS ,LOAN ,FIXED COSTS ,SECURITIES ,MICROFINANCE ,COOPERATIVES ,INCOME GROUPS ,DEVELOPMENT BANK ,SUBSIDIARY ,HOUSING ,CASH WITHDRAWAL ,MONEY TRANSFER ,TELECOMMUNICATIONS EQUIPMENT ,PUBLIC TRANSPORTATION ,PACKET RADIO ,SMALL FARMERS ,WIRELESS APPLICATION PROTOCOL ,ECONOMIES OF SCALE ,LAWS ,DEBIT CARD ,PROPRIETORSHIPS ,ELECTRONIC TRANSACTION ,NEW TECHNOLOGIES ,ATM NETWORKS ,MARKET SEGMENTS ,GENDER ,INITIAL INVESTMENT ,BANKING SERVICE ,ELECTRONIC DATA ,BANKING SYSTEM ,INVENTORY ,ECONOMIC GROWTH ,ENTREPRENEUR ,SECURE PLATFORM ,CUSTOMER BASE ,CREDIT CARDS ,ELECTRONIC PAYMENT ,IDENTITY MODULE ,TERRORISM ,BUSINESS SECTORS ,E-MONEY ,EXPATRIATE ,MICROFINANCE LOANS ,FINANCIAL TRANSACTIONS ,LICENSES ,SOURCE OF INFORMATION ,ANTI-MONEY LAUNDERING ,PROJECT MANAGEMENT ,BANK BRANCH ,SAVINGS ACCOUNTS ,PAYMENT TRANSACTIONS ,RETAIL CONSUMER ,BUSINESS NEEDS ,RELIABILITY ,CONSUMER PROTECTION ,SMALL FARMER ,CHECKING ACCOUNT ,USERS ,E-DOCUMENTS ,ELECTRONIC WALLET ,PAYMENT SYSTEM ,PAYMENT SYSTEMS ,INVESTMENT OPPORTUNITIES ,ENTERPRISE DEVELOPMENT ,WAGES ,INTEROPERABILITY ,SEARCH ,PAYMENT SERVICES ,E-PAYMENT ,MOBILE ACCESS ,MERCHANT ,AFFILIATES ,MOBILE COMMUNICATIONS ,DISTRIBUTION NETWORKS ,BANKING SECTOR ,BUSINESS TO BUSINESS ,MARKET SEGMENT ,FORMAL BANKING SYSTEM ,BANKING NETWORKS ,INEQUALITY ,MARKETING ,ECONOMIC DEVELOPMENT ,ACCESS TO FINANCE ,CHECKING ACCOUNTS ,CENTRAL BANK OF SRI LANKA ,SAVINGS ACCOUNT ,ACCESSIBILITY ,B2B ,ATM CARD ,VOIP ,ATM CARDS ,FORMAL FINANCIAL SERVICES ,ACCOUNTING ,INCOME DISTRIBUTION ,FINANCES ,SUPERMARKET ,BANK SERVICES ,ELECTRONIC MONEY ,REMITTANCES ,USES ,USER ,VILLAGE ,BUSINESS MODEL ,LICENSE ,ATM NETWORK ,CELL PHONES ,INSURANCE ,SUPPLY CHAIN ,BUSINESS STRATEGY ,JOINT VENTURE ,PACKET RADIO SERVICE ,MIGRATION ,MICROFINANCE INSTITUTIONS ,BANK BRANCHES ,INTERNATIONAL LAW ,FINANCIAL ACCESS ,COMMERCIAL BANKS ,MANAGEMENT ACCOUNTING ,NEW ENTRANTS ,MATERIAL ,BUSINESS OWNER ,BUSINESS INPUTS ,TELECOM ,RECEIPTS ,ELECTRONIC WALLETS ,CASH WITHDRAWALS ,FINANCE COMPANIES ,SAVINGS ,ELECTRONIC COMMERCE ,OUTREACH ,QUERIES ,ICT ,CONSUMER GOODS ,REFUGEES ,URBAN AREAS ,FORMAL BANKING ,AGRICULTURAL COOPERATIVES ,CASH PAYMENT ,INTERNAL BUSINESS ,ADVISORY SERVICES - Abstract
Although a number of m-money businesses have emerged around the world, few have reached significant scale. Overall, m-money uptake is limited when contrasted with its apparent promise of reaching the unbanked and underserved, servicing existing banking clients, and being a means for realizing a cashless society. This study examines the following in more detail: existing major money flows and the critical mass of low-value, high-volume payment transactions and whether m-money can be used for them (i.e., potential demand); regulatory environment and major obstacles for m-money uptake; business models of partnering institutions; payment behavior of users and nonusers (banked and unbanked), in particular where they receive funds and how they use money, including alternative means; and existing and potential agents networks, their requirements to run m-money as a viable business, and their training needs. This report provides detailed information on Thailand regarding five main topics, business models, money flows and demand, potential user perceptions and behavior, regulation, and agent networks.
- Published
- 2011