Mobinil MobiCash

Money Transfer pending regulations.

Pay-For-Me Reverse Charge launched in 201111; BNP has preliminary approval for a mobile money transfer licence via local operator Mobinil. The licence will, for the first time in Egypt, allow a registered user to


Link to external site : Website for Mobinil MobiCash
Mobinil MobiCash
Brand
Launched in
Status
Launch
Importance
Traction
Under planning
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Evaluation
Account Type
Bank Account
Register/Log In
Business Model
Provided free of charge
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Class
Send Services Receive

Mobile


Card


Cash

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AT

DMT
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Card


Cash


Mobile

Model
non-bank based
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Who Leads?
third party led
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Reach
Active Users
Registered Users
Potential Mobile Market (m)
Regulations
Egypt's central bank has granted BNP Paribas preliminary approval for a mobile money transfer licence via local operator Mobinil. It is purely for Egyptian pounds in Egypt. No credit interest on the balance of the account, no lending allowed, and no link
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Persona
Purpose
Active Services
Card Type
ServicesDescription
DMT only, NOT IMT
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Channels
Payment Instruments
Cash I/O Description
Customers will be able to move small amounts of money outside the formal banking system via an existing network of shops that sell phone credit. This network reaches much deeper into the Egyptian countryside than the retail banking network does
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Cash I/O No Of Locations
Handsets
Technologies
Interoperability
Single bank, Single MNO
Register/Log In
RegistrationProcess
Main Segment Unbanked
Segment Description unbanked

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