DOCSLIB.ORG

Community Power from Mobile-Charging Services

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Community Power from Mobile-Charging Services Community Power from For further information please contact [email protected] GSMA London Office Mobile-Charging Services T +44 (0) 20 7356 0600 www.gsmworld.com/greenpower July 2011 1–2 Community Power from Mobile Charging Services Contents Contents Executive Summary 21 The Charging Services Value Chain 21 Selection of Charging Services Operator Community Power Today 22 The Community Power from Mobile Benefits Chapter 1 - The Issues Of Energy Access in Developing Countries 22 Revenue Increase from Rural Telecom Towers 11 The Development Factor - Energy 22 Business Opportunity for Third Access is Vital to Economic and Party Vendors Human Development 22 Community Feels Empowered Chapter 2 - Approach to the Use the Energy Excess from by the Access to Energy the Telecom Towers for Charging Services 23 Business Case for Charging Services 23 Added Revenues to Mobile Operators 17 The Off-Grid Energy Market 24 Micro-entrepeneurial Opportunities is Significant in Rural Regions 17 Availability of Charging Solutions Will 25 Business Case from Cold Bring New Revenues to Mobile Operators Chain Oppurtunity 17 Telecom Towers are Rapidly Spreading 26 Potential Barriers to the to Rural Environments Implementation 18 Off-Grid Base Stations Typically of Community Power Have Excess Power 26 Cost Containment 18 Cell Towers are Built Close 27 Payment For Charging Services to Off Grid Communities 27 Theft 18 The Telecom Tower Acts as the 28 Regulation Charging Point 28 Threat To The Power Required by BTS 18 Mobile Operators have Already Deployed CPM Sites 28 Managing Community Expectations 19 A Simple and Central CPM Appendix 1 - Community Power Projects Charging Station 19 Excess Power Generated by BTS Generator is Enough to Charge Devices 29 Safaricom Community Power Site at Tegea, Kenya 20 Models to Distribute Energy to the Community 30 The Dertu Case Study, Kenya 30 The Grameenphone Case Study, Bangladesh 31 Background and Concept Appendix 2 - The Ecology Foundation Model Appendix 3 - Healthcare Opportunity from Community Power from Mobile Appendix 4 - Mobile Money for Charging Services Appendix 5 - Kapil Sibal inaugurates Viom Networks’ Rural Service Centre 3–4 Community Power from Mobile Charging Services Contents Tables and Figures Table 1: Energy Availability Impact Figure 1: Number of People (Actual and Figure 20: Charging Services Value Chain in Developing Countries Projected) Without Electricity, by Figure 21: Community Power from Table 2: Handset Charging Region, from 1970-2030 Mobile Business Model Figure 2: Economics Summary Impact Evaluation of World Figure 22: Yearly Revenue Opportunity Table 3: Community Power Initiatives Bank- Funded Rural from Charging Services Electrification Portfolio Table 4: Charging Service Value (in $US per site) Figure 3: Chain Roles Impact Evaluation of World Figure 23: Mobile Operator Bank-Funded Rural Electrification Table 5: Benefits for Mobile Operators Revenue Streams Portfolio-Energy Sector Only from Community Power Figure 24: Third Party Vendor Figure 4: Deployments Casual Chain Between Energy and Revenue streams Achieving MDGs Table 6: Benefits for Vendors Figure 25: The Vaccine Cold Chain Figure 5: from Community Power Energy Consumption Per Capita Utilizing Cell Tower Deployments (kgoe/a) vs GNP PPP Per Capita Power Facilities Figure 6: Table 7: Benefits for End Users Off-Grid Subscribers Segmentation Figure 26: Capital Cost Savings from the from Community (in Million Subscribers) use of Cellular Tower in the Power Deployments Figure 7: A Charging Shop in Kisoro, Uganda Cold Chain preservation Table 7: Benefits for End Users Figure 8: Energy Consumption Spend on Figure 27: The Vaccine Excess Power from Community Lighting by Off-Grid Households Availability at Diesel & Power Deployments Figure 9: Potential Added Revenues from the Green Sites Table 8: Assumptions on Charging Solutions (US$ billion) Figure 28: The Vaccine From Cash to Revenue Streams Figure 10: Growth in Base Stations in Mobile Money Payment Table 9: Pros and Cons of Mobile Developing Regions 2007-2012 Figure 29: Excess Power drawn from BTS Phone Payment Methods Figure 11: Excess Power Availability Figure 30: Revenue Increase from Table 10: Community Power at Diesel & Green Sites Charging Services per BTS Deployments Figure 12: A Rural Landscape in Off-Grid Site (US$) from Safaricom Africa (BTS at the Centre of Figure 31: Standard Vaccine Cold Chain Table 11: The Steps to the Community) Figure 32: The Vaccine Cold Chain Implementation Figure 13: Current Safaricom Mobile Utilizing Cell Tower of Charging Services Handset Charging Dock Power Facilities Table 12: Mobile Wallet Figure 14: Charging Kiosk Model for Figure 33: Illustrative View of Efficiency Deployments in Africa Community Power from Mobile Opportunities in Vaccine Table 13: Mobile Money Tariff Structure Figure 15: Volume of Devices that could be Cold Chain using Cell Charged by a Single BTS Excess Tower Power Facilities Power (On a Peak Load Mode) Figure 34: The Benefits of Vaccination Figure 16: Power Estimated to be Drawn by Figure 35: Energize the Chain Charging Services Per Site Operating Model Figure 17: Charging at the BTS (Telecom Figure 36: Simpa Networks Scratchcard Tower Sits within the Community) and Metering System Figure 18: Charging in the Community (Telecom Tower is Outside the Community) Figure 19: Current Model for Charging Services at BTS Site 5–6 Community Power from Mobile Charging Services Executive Summary Executive Summary A significant opportunity exists to provide environmentally sustainable energy to people in the developing world who live beyond the electricity grid. And it is the mobile telecoms industry – which has already brought phones beyond the fixed telecoms grid - that holds the key to this next infrastructure innovation. There are 1.6 billion people in the world living without access to electricity. The mobile industry is experiencing unprecedented infrastructure growth in these same off-grid regions of the developing world. The GSMA estimates that nearly 639,000 off-grid base stations – the pieces of equipment which provide cellular network coverage - will be rolled out across the developing world by 2012. Since mobile base stations need power to function, network operators have become adept at generating their own off-grid power. This has typically been achieved by running diesel generators at each site, although increasingly operators are installing renewable energy equipment, such as wind turbines and solar panels, to power their base stations. The opportunity now exists for mobile network operators to provide electricity beyond the base station and into local communities, a phenomenon which the GSMA Development Fund calls “Community Power from Mobile”. 7–8 Community Power from Mobile Charging Services Executive Summary Base stations typically have 5kW of excess To accelerate the formation of this energy Figure 1: Number of People (Actual and Projected) Figure 3: Impact Evaluation of World Bank-Funded Rural power, enough to provide energy to recharge ecosystem CPM calls on existing and emerging Without Electricity, by Region, from 1970-2030 Electrification Portfolio – Energy Sector only almost 5000 handsets, provide electricity to 40 stakeholders to highlight their interest in this 900 25 homes, 10 vaccination fridges or 2 clinics. These opportunity, specifically: 900 Highly satisfactory base stations are built close to or within off-grid ■ 900 Satisfactory 20 Operators and tower companies that are 900 Moderately satisfactory communities. Mobile operators are trialling the interested to pilot and move to full scale provision of excess power for the charging of 900 Moderately unsatisfactory implementation Unsatisfactory devices such as mobile handsets, lanterns and 900 15 ■ 900 household batteries, and ultimately, to power, Vendors and energy companies that are positioned to provide products and services Numbers of people (Millions) 900 businesses, clinics, vaccination refrigerators, 900 10 ■ schools and homes. This white paper will Financing institutions and development 900 Number of Projects document existing and emerging projects organisations that can facilitate large scale 1970 1980 1990 2000 2010 2020 2030 5 in this emerging sector. implementation South Africa East Asia/China Sub-Saharan Africa Latin America Community Power from Mobile is not just Interested parties should contact Middle East North Africa 0 about social benefit; although that impact [email protected] 1980-95 1996-2006 can be significant. It is also about improving Source: IEA World Energy Outlook 2002 the business case for off-grid telecoms by (a) Source: GSMA increased revenue streams via sale of power or Community Power Today Global efforts to bring energy services to the site rent (b) increased security from theft (c) developing world have a long and extensive According to the report, even though World history. The World Bank has implemented 120 Bank funded projects have been successful in charging mobile phones for increased usage 2 (d) increased community support for the A report published jointly by the United rural electrification projects globally since 1980 implementing physical infrastructure for rural 6 company brand and (e) improved advocacy Nations Development Programme, UN with an investment of more than US$11billion. electrification, problems related to institutional with governments and regulators. Millennium Project and the World Bank on The World Bank and IFC are also working to development and technical issues still exist. The Energy Access has
Load more

Recommended publications
  • Financial Technology Sector Overview of Market Activity in the Financial Technology Sector William Blair & Company
    Quarterly Update Q1 2015 Financial Technology Sector Overview of Market Activity in the Financial Technology Sector William Blair & Company Financial Technology Sector – First Quarter 2015 Update M&A and capital markets activity remained strong during the first quarter of 2015, particularly in the United States. In fact, U.S. stock indices marked all-time highs during the quarter and deal-making activity continued its upward trajectory, propelled by improving confidence among consumers and corporate executives, low-cost credit, and record levels of cash. While market participants largely ignored the prospect of rising interest rates, a collapsing energy sector, global currency concerns, and continued economic uncertainty abroad, this could be an area of concern moving into the second quarter of 2015. One of the most prominent storylines within the financial technology sector in the first quarter was the escalating bets made on payments solutions by the likes of tech giants Apple, Google, and Samsung. The release of Apple Pay unilaterally raised the stakes across the industry and was a catalyst for a wave of high-profile announcements, including Samsung’s acquisition of LoopPay, Google’s acquisition of Softcard, and PayPal’s acquisition of Paydiant. Traditional payments providers are thus being further pressured to accelerate innovation and expand international reach, which has in turn refocused corporate strategies away from building domestic scale and vertical plays toward acquiring differentiated, earlier-stage, technology platforms with global capabilities. Global’s acquisition of Realex, Worldpay’s acquisition of SecureNet, and MasterCard’s acquisition of TNS’s gateway are recent examples of this trend, which we believe will be a significant driver of sector M&A activity going forward.
    [Show full text]
  • Ncr Shortresearch Thesis 4-23-2015
    1 This research presentation report expresses our research opinions, which we have based upon interpretation of certain facts and observations, all of which are based upon publicly available information, and all of which are set out in this research presentation report. Any investment involves substantial risks, including complete loss of capital. Any forecasts or estimates are for illustrative purpose only and should not be taken as limitations of the maximum possible loss or gain. Any information contained in this report may include forward looking statements, expectations, pro forma analyses, estimates, and projections. You should assume these types of statements, expectations, pro forma analyses, estimates, and projections may turn out to be incorrect for reasons beyond Spruce Point Capital Management LLC’s control. This is not investment or accounting advice nor should it be construed as such. Use of Spruce Point Capital Management LLC’s research is at your own risk. You should do your own research and due diligence before making any investment decision with respect to securities covered herein. You should assume that as of the publication date of any presentation, report or letter, Spruce Point Capital Management LLC (possibly along with or through our members, partners, affiliates, employees, and/or consultants) along with our subscribers has a short position in all stocks (and/or are long puts/short call options of the stock) covered herein, including without limitation NCR Corporation (“NCR”), and therefore stand to realize significant gains in the event that the price of its stock declines. Following publication of any presentation, report or letter, we intend to continue transacting in the securities covered therein, and we may be long, short, or neutral at any time hereafter regardless of our initial recommendation.
    [Show full text]
  • Annual Report 2020
    Boku, Inc. Annual Report and Accounts for the year ended 31 December 2020 ended 31 December theBoku, Inc. Annual Report year for and Accounts Into the Big Pond Boku, Inc. Annual Report and Accounts for the year ended 31 December 2020 Welcome Boku is building the future of mobile commerce, growing, monetising and securing transactions for billions of consumers around the world. Mobile devices are the most widely distributed consumer technology in the world today, with over five billion devices connected to a global network of operators. Boku’s platform ensures that our over 500 customers, including six of the seven most valuable companies in the world, can collect payments for digital goods and secure consumer transactions and data in every corner of the globe. Boku has integrated over 220 payment types including carrier billing and mobile wallets into its M1ST (Mobile First) Payments Network. Merchants can integrate all of these payment types through a single connection, gaining access to the billions of consumers who prefer to pay with their phone. Boku provides the most comprehensive network of mobile identity to streamline and secure valuable online transactions, delivering superior user experience and reduced instances of fraud for digital service providers, including financial institutions. To learn more about Boku, as well as obtain the latest information of interest to investors and stakeholders, please visit our website at www.boku.com Our customers Contents Strategic Report Governance Financials Chairman’s Statement .......................... 2 Board of Directors ..............................24 Independent Auditor’s Report ...........48 Strategic Report– Senior Management ...........................26 Consolidated Statement Into the Big Pond .................................
    [Show full text]
  • Mobile Payment: Technologies and Business Models
    Mobile Payment: Technologies and Business Models By Harry Wang, Director of Health and Mobile Product 4Q 2011 Research; Jennifer Kent, Research Analyst Synopsis Emerging Payment Options This report provides What is your preferred method of paying for service analysis and forecasts of the emerging mobile and transactions on your mobile phone? payments market (Among U.S. BB HHs) using the latest market data, consumer survey results, and briefings Bill me on my monthly mobile service bill with key industry players. It includes an I am not comfortable with doing financial overview of the core transactions on mobile phone technologies enabling mobile commerce and Pay with my credit card by entering card # and mobile payments, expiration date including near field communications (NFC). It illuminates A direct debit from my checking/saving account the growing mobile payments value chain and explores in-depth Use PayPal or other types of e-Wallet solutions that the implications of link to my bank/credit card account mobile payments for 0% 40% the major players, Source: Mobile Cloud Media and Access Platforms including carriers, © Parks Associates payment networks, and merchants. Publish Date: 4Q 11 "With the creation of the ISIS initiative in 4Q10 and the launch of Google Wallet in 3Q11, the mobile payment industry is riding the recent momentum to build scale,” said Harry Wang, Director of Health and Mobile Product Research at Parks Associates. “The success of the mobile payment industry not only hinges on consumer and merchants’ willingness to
    [Show full text]
  • The Payments Ecosystem: Security Challenges in the 21St Century
    The Payments Ecosystem: Security Challenges in the 21st Century Phil Smith III Senior Architect & Product Manager, Mainframe & Enterprise Distinguished Technologist Micro Focus International Agenda A Short History of Payments The Payments Landscape Today Anatomy of a Card Swipe Card Fraud: How It Happens Protecting Yourself and Your Company Evolution (and Intelligent Design?) A Short History of Payments In the Beginning… Early Currencies Large Purchases Small Purchases Purchases on Yap (island of stone money) Evolution • “Lighter than goats!” • Chek invented: Persia, 550–330 BC • Achaemenid Empire (remember them?) • India, Rome, Knights Templar used cheques More Modern Uses • Cheques revived in 17th century England • Soon after: preprinted, numbered, etc. • Magnetic Ink Character Recognition added in 1960s MICR Modern Payments Systems Many Alternatives to Checks • Not the only game in town any more… • Online payment services (PayPal, WorldPay…) • Electronic bill payments (Internet banking et sim.) • Wire transfer (local or international) • Direct credit, initiated by payer: ACH in U.S. giro in Europe • Direct debit, initiated by payee • Debit cards • Credit cards We’ll focus on these • …and of course good ol’ cash! Charge Cards vs Credit Cards • Terms often interchanged, but quite different • Charge cards must be paid off that month • Credit cards offer “revolving credit” • Credit card actually “invented” back in 1888: “… a credit card issued him with which he procures at the public storehouses, found in every community, whatever he desires
    [Show full text]
  • Mobile Payments Three Winning Strategies for Banks
    White paper Mobile payments Three winning strategies for banks Executive summary technology is evolving with a need for partnerships, and where banks may Mobile payments are a hot topic in the feel they lack the expertise. financial industry and a top priority for This competitive and fast evolving banks, because: landscape creates doubt. Many banks — The ever growing ubiquity of the wonder what to do: just stand by and Seize the opportunity mobile phone: on a world population watch or respond more pro-actively? of 7 billion, there are 5 billion mobile What is our bank’s mobile payments phones, but only 2 billion people have strategy? a bank account; Our recommendation to banks regarding — Consumers are using their mobile mobile payments is two-fold: phones to make payments in over 130 1. Play to your strengths. Double- deployments with a 100 more planned guessing under these circumstances and several new initiatives announced can be costly. The path to success each week; Highlights is to use clear criteria: respond to Mobile payments are a top — It is a growing market predicted to an obvious customer demand, use priority increase to 900 million users and USD technologies that satisfy that need, and There is competition from non- 1 trillion in transaction value by 2015. decide based on a clear business case. banks Many banks have launched a mobile 2. Use mobile payments to bring your Banks can use mobile payments payments service or wallet, but this customers closer to your bank, in a to get closer to customers opportunity also brings specific new “experience banking model” (cf.
    [Show full text]
  • NYC-MOW41401 RBB Digest-SPR-2012-018
    Financial Services SPRING 2012 RETAIL BANKING AMERICAS DIGEST IN THIS ISSUE 1 US MORTGAGE FINANCE • JAMES WIENER, MICHAEL ZELTKEVIC 2 MOBILE PAYMENTS • ANDY DRESNER, CHAITRA CHANDRASEKHAR 3 C LIENT EXPERIENCE • JOE FIELDING, KENAN RODRIGUES, MICHAEL D’ESOPO 4 US CONSUMER CREDIT SCORE MIGRATION • PETER CARROLL 5 RELATIONSHIP PRICING • INDERPREET BATRA 6 B RANCH FLEXING • SUMIT SAHNI, PAUL MEE, AARON FINE, MASSIMO TESSITORE TABLE OF CONTENTS 1. US MORTGAGE FINANCE 1 What should the future look like? James Wiener, Partner and Head of the Americas Public Policy Practice | Michael Zeltkevic, Partner and Head of the Americas Retail and Business Banking Practice The financial crisis exposed fundamental deficiencies in the US mortgage finance system. This article explores the set of options faced by policy makers for driving the evolution of the single-family home finance landscape and outlines the importance of clearly defined objectives in this redesign. 2. MOBILE PAYMENTS 7 Aligning strategy with opportunity Andy Dresner, Partner | Chaitra Chandrasekhar, Consultant Mobile payments are widely expected to become much more prevalent in the next few years, which will cause global players to examine their strategies and invest in new initiatives. This article describes the opportunities and threats for banks in both developing and developed markets, and how quickly change may unfold. 3. CLIENT EXPERIENCE 13 From strategy to execution Joe Fielding, Partner | Kenan Rodrigues, Senior Manager | Michael D’Esopo, Partner, Lippincott Recent economic times have reshaped the attitudes and needs of retail banking clients and catalyzed a significant and measurable negative customer sentiment towards the industry. This article describes the “client experience” – and why banks’ increased focus on it is critical in today’s marketplace.
    [Show full text]
  • Mobile Pay Or Mobile Mess
    Mobile Pay or Mobile Mess: Closing the Gap Between Mobile Payment Systems and Consumer Protections Consumers Union, the nonprofit publisher of Consumer Reports® By: Michelle Jun, Senior Attorney June 2011 Consumers Union of United States, Inc., publisher of Consumer Reports®, is a nonprofit membership organization chartered in 1936 to provide consumers with information, education, and counsel about goods, services, health and personal finance. Consumers Union’s publications and services have a combined paid circulation of approximately 8.3 million. These publications regularly carry articles on Consumers Union’s own product testing; on health, product safety, and marketplace economics; and on legislative, judicial, and regulatory actions that affect consumer welfare. Consumers Union’s income is solely derived from the sale of Consumer Reports®, its other publications and services, fees, noncommercial contributions and grants. Consumers Union’s publications and services carry no outside advertising. Consumers Union does not accept donations from corporations or corporate foundations. A special thanks to Norma Garcia, Michael McCauley, Suzanne Martindale, Evaluz Barrameda, John Wright and David Chircop for their invaluable contributions in producing this report. For additional information, please contact: Consumers Union Financial Services Team West Coast Office 1535 Mission Street San Francisco, CA 94103 (415) 431-6747 Introduction Recent news accounts make clear that the race is on to create the number one mobile payment product adopted and used by consumers in the U.S. Mobile payment technologies are being touted as the most convenient and easy way for consumers to use their mobile phones to make purchases. But in this mad dash among processors, financial institutions and other industry players to create successful mobile payment products, few have focused their efforts on assuring that consumers will be protected financially if something goes wrong with a mobile payment transaction.
    [Show full text]
  • Open Forum on Pan-European Instant Payments Frankfurt 17 April 2018
    Open Forum on Pan-European Instant Payments Frankfurt 17 April 2018 Open Forum on Pan-European Instant Payments, 17 April 2018 Participants in the forum are reminded of their responsibility to observe anti-trust laws. The EBA Anti-Trust Policy is available at the EBA website. https://www.abe-eba.eu/media/azure/production/1352/eba_antitrust_policy_20170602_final_clean.pdf EBA Informationsveranstaltung Page 1 CUG Wien, 8. Mai 2018 Wolfgang Ehrmann Chairman Euro Banking Association WELCOME AND INTRODUCTION Open Forum on Pan-European Instant Payments, 17 April 2018 2 EBA Open Forum on pan-European Instant Payments … and now where is the demand side? • Wolfgang Ehrmann • Chairman of the Board Open Forum on Pan-European Instant Payments, 17 April 2018 3 Pan-European Instant Payments – three years from design to operations ERPB, 01. December 2014 EPC, 30. November 2016 EBA CL, 21. November 2017 Open Forum on Pan-European Instant Payments, 17 April 2018 4 The EBA Open Forum on pan-European Instant Payments Initiated by the EBA in response to the Euro Retail Payments Board’s (ERPB) call for action, the Open Forum on Pan- European Instant Payments was set in place in March 2015 and is geared at fostering a practitioners’ dialogue on service requirements for instant payments. The Forum will in particular serve to: • Support the “migration of minds” towards instant payments; • Foster a practitioners’ dialogue amongst PSPs at a pan- European level on Instant Payment service requirements; • Facilitate a dialogue with other stakeholders; • Understand the perimeter of a new collaborative space for infrastructure services to support Instant Payments; • Provide input into the up-coming Instant Payment Scheme discussion in Europe; • Liaise with EPC; • Liaise with industry initiatives and also at a global level.
    [Show full text]
  • Details, 2Nd Section - Variables)
    URL. : http://ijrar.com ISSN 2349 - 5138 E - ISSN 2348 - 1269 An open Access, peer reviewed, refereed, online and print research journal International Journal of Research and Analytical Reviews UGC Approved Research Journal Periodicity - Quarterly Atman Publishing Academy International Journal of Research and Analytical Reviews Atman Publishing Academy 2061-C/2/B, Nr. Adhyatma Vidya Mandir, Sanskar Mandal, Bhavnagar-364002. Contact : 9427903033 E mail : [email protected], [email protected] International Journal of Research and Analytical Reviews ijrar.com © IJRAR - All rights reserved. Reproduction in any form is strictly prohibited. This work is licenced under Creative Commons International Licence Attribution 4.0 E-version. Rs. 900 Subscription 1 year 2 years 5 years Individual 3,000 6,000 15,000 Institutional 4,000 8,000 40,000 Advertisement 1000/Black 3000/colour Per Page Send your Paper(s)/Article(s) and Contact us on any one of following E mail: (1) [email protected] (2) [email protected] (3) [email protected] Contect No.: +91 9427903033 1. Thoughts, language vision and example in published research paper are entirely of author of research paper. It is not necessary that both editor and editorial board are satisfied by the research paper. The responsibility of the matter of research paper/article is entirely of author. 2. Editing of the IJRAR is processed without any remittance. The selection and publication is done after recommendations of at least two subject expert referees. 3. In any condition if any National/International University denies accepting the research paper/article published in IJRAR, than it is not the responsibility of Editor, Publisher and Management.
    [Show full text]
  • The Use of E-Payment Products and Their Impact on Currency-In-Circulation in Nigeria
    International Journal of Innovation and Economic Development Volume 6 ISSN 1849-7020 (Print) Issue 1 ISSN 1849-7551 (Online) April, 2020 Pages 31-46 URL: http://dx.doi.org/10.18775/ijied.1849-7551-7020.2015.61.2003 DOI: 10.18775/ijied.1849-7551-7020.2015.61.2003 The Use of E-payment Products and their Impact on Currency-in-Circulation in Nigeria 1Kanu Success Ikechi, 2Eke Karen Chinonso, 3Nwadiubu, Anthony, 4Ikechukwu Robert Eze 1,3 Faculty of Social and Management Sciences, Eastern Palm University, Ogboko Ideato, P.M.B 6, Orlu Imo State. Nigeria. 2,4 Department of Management Technology, School of Management Technology, Federal University of Technology, PMB 1526, Owerri, Imo state. Nigeria Abstract: This study is set to ascertain the relationship between the use of e-payment products and the value of currency in circulation in Nigeria. An ex-post facto research design was adopted in the investigation. A least square regression analysis was carried out on a time- series data. The objective was to ascertain relationships between the variables, whether positive or negative and to determine its significance. The outcome of the study indicates that only REMITA and WEBPAY have an inverse but significant negative relationship with currency in circulation in Nigeria. At the same time, the use of ATM and POS maintained a positive and significant relationship. This isn't surprising considering ATM and POS machines are verified sources of cash withdrawals in Nigeria. Presently, due to the relatively low use of e-payment products, their influence on monetary policy has been insignificant. The Central bank of Nigeria has not recorded a decrease in currency in circulation followed by an increase in the use of e- payment products; instead, it is recorded that between 2009 and 2018, the value of currency in circulation grew by about 97.18%.
    [Show full text]
  • FINANCIAL TECHNOLOGY PARTNERS LP FTP SECURITIES LLC Is Pleased to Announce Its Exclusive Role As Strategic and Financial Advisor To
    November 15, 2012 FINANCIAL TECHNOLOGY PARTNERS LP FTP SECURITIES LLC is pleased to announce its exclusive role as strategic and financial advisor to in its sale to Steve McLaughlin Financial Technology Partners LP The Only Investment Bank Managing Partner 601 California St., 22nd Floor Focused Exclusively on Financial Technology Tel: 415.512.8704 San Francisco, CA 94108 [email protected] www.ftpartners.com @FTPartners Highly Confidential and proprietary information. Unauthorized distribution without prior consent from Financial Technology Partners LP or FTP Securities LLC (together “FT Partners”) is strictly prohibited. This communication should not be regarded as an offer to sell or as a solicitation of an offer to buy any financial product or service, nor is it an official confirmation of any transaction, or representative of an official position or statement of Financial Technology Partners LP, FTP Securities LLC or any other related entity. FTP Securities LLC is a FINRA registered broker-dealer. ProPay’s Sale to TSYS (NASDAQ: TSS) FT Partners Advises Mobile Payments Leader ProPay on its Strategic Sale to TSYS Transaction Overview and Rationale Overview of Transaction ■ On November 15, 2012, ProPay announced its proposed sale Financial Technology Partners LP to TSYS FTP Securities LLC ■ ProPay is a leading provider of technology-enabled payment processing solutions for organizations ranging from small, is pleased to announce its exclusive role as home based entrepreneurs to multi-billion dollar enterprises sole strategic
    [Show full text]