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The Absence of Financial Services for the Poor inhibits their Economic Development
4.5B poor , mostly farmers and fisherfolks , the largest body of workers in developing countries
cannot establish bank accounts
cannot borrow money from banks
are “penalized” to move money
b2b Mission
Address the banking needs of the world’s poor by providing a holistic financial services platform.
MEMBERS
AGRI-BANK
CO-OP
with CA/SAe-commerce
B2BCENTERS
E-MARKETPLACE
Agriculture sector
REMITTANCE BANK
Remittance sector
cash cardm-commerce
BORROWERS
MFI Network
MFI
Microfinance sector
b2bb2bpricepricenownow.com.com empowers cooperatives to secure the best empowers cooperatives to secure the best prices for their products by selling through an e-marketplace with prices for their products by selling through an e-marketplace with an on-line account-to-account payment system. an on-line account-to-account payment system.
PART 1: E-COMMERCE
E-Commerce Value Proposition
• Production-driven plantingDecision Making
Standpoint
Marketing Standpoint
Banking Standpoint
• Market-driven planting
Before
• Vulnerable to Middlemen• Low margin and traders enjoy mark-up • Passive
• Direct to Buyers • Only 1% transaction cost • Active
• Checks bounces• Costly to send and receive payments
• Payments are secured by the bank • Convenient and cost effective
After
b2bb2bpricepricenownow..comcom empowers cooperatives to transfer funds efficiently through mobile phones and cash cards:
1. cooperatives members2. members members3. Diaspora members
PART 2: M-COMMERCE
M-Commerce Value Proposition
High Administrative Costs•distributing dividends & collecting dues
No Access to Financial Services • Due to minimum requirements, many are “unbanked.”• Penalized when moving money.
Cooperatives
Members
Logistical Hardships • Cost commuting and waiting in lines to collect dividends and pay dues
Members
Diaspora High Transactional Cost &Logistics • Spend $12 to remit money to the unbanked.• Long delivery time.
Lower Costs
They are now Banked
Ease in sending and receiving money
Lower Transactional costs and Real Time delivery on Cash Card
AfterBefore
Fund Transfer: Cooperatives to Members
3. b2bpricenow.com simultaneously broadcasts dividends to each member’s cash card account. Each member receives an SMS confirmation.
SMS
MEMBER MEMBER MEMBER
Broadcast of Payroll and Dividends
CO-OP
B2BPRICENOW.COMCurrent Acct /Savings Acct
Cash Card
1. Cooperative logs onto b2bpricenow.com website to “Broadcast Dividends” and to transfer the respective funds from its CA/SA.
Fund Transfer
2. Cooperative uploads to b2bpricenow.com website a spreadsheet of dividend breakdown.
On-line Spreadsheet
Internet UserInfoTXT Server
Landbank HostServer
Fund TransferRecipient’sCellphone
Submit TransferRequest
Authenticate, check balance, transfer funds
Confirmation
Send confirmation details
Interface to Broadcast Payments
Confirmation
Send SMS notification
ConfirmationConfirmation
B2bpricenow.comServer
Sep 11 1530: Your cashcard account no 0035-5555-0005 hasreceived P2,500.00Your current balance isP6,750.00. Ref: 123456
SMS MessageReceived!
Broadcast Payments Display
Sample Mobile Commands
TO PAY BILLS/PURCHASEFROM MERCHANTS
Type:PAY (space) <amount>
(space) <recipient userid> (space) <mpin>
Send to +639178108983
TO TRANSFER FUNDSTO OTHER CASH CARD HOLDERS
Type:Trans (space) <amount>
(space) <recipient userid> (space) <mpin>
Send to +639178108983
PAY 1500 PLDT 2005 TRANS 15 Juan 2005
PART 3 : b2bcenters
b2bb2bpricepricenownow.com.com empowers cooperatives to earn from income empowers cooperatives to earn from income diversification through the sale of ICT products and services diversification through the sale of ICT products and services
Secret Sauce
Expansion with Agriculture Banks in Developing Countries
“ “ APRACA endorses the replication b2bpricenow.com-APRACA endorses the replication b2bpricenow.com-Landbank E-COMMERCE FOR FARMERS PROGRAM Landbank E-COMMERCE FOR FARMERS PROGRAM Philippine model to its other member banks in the Asia –Philippine model to its other member banks in the Asia –Pacific region and further endorses b2bpricenow.com as a Pacific region and further endorses b2bpricenow.com as a strategic partner “strategic partner “
Mr. Benedicto S. Mr. Benedicto S. Bayaua Bayaua Secretary General Secretary General APRACA *APRACA *
•APRACA is a 30 year old association of 22 Asia Pacific countries with APRACA is a 30 year old association of 22 Asia Pacific countries with 53 member banks and institutions which mission is for the sustainable 53 member banks and institutions which mission is for the sustainable rural development to uplift the rural poorrural development to uplift the rural poor
CONTENT e-Commerce
CONECTIVITY b2bcenter
m-Commerce
MANTRA :
REMITTANCE
MFI Network
Philippines 89M
Thailand 64M
China 1.3 B
India 1.1 B
Indonesia 243M
Vietnam 84M
Capabilities vs Per Country Roll-out Schedule
June ‘07 December ‘07 March ‘08
E-commerce for FarmersProgram
M-commerce for the poor Platform
Enabler of Financial Services for the Unbanked
MICRO INSURANCE
World’s Poor
b2b
APRACA Banks
BARA, UofAApplied Anthropology
TechnologySilicon Valley
Social Metrics
Financial Metrics
DoubleBottom
Line