Mobile Payment Technologies & Services

Money from Swaziland in the black wallet

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Mobile Payment Technologies & Services
Mobile Payment Technologies & Services
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SectorMost major industry classification systems use sources of revenue as their basis for classifying companies into specific sectors, subsectors and industries. In order to group like companies based on their sustainability-related risks and opportunities, SASB created the Sustainable Industry Classification System® (SICS®) and the classification of sectors, subsectors and industries in the SDG Investor Platform is based on SICS.
Financials
Corporate and Retail Banking
Business Model Description

Invest in or develop fintech services such as business-to-business (B2B) and business-to-consumer (B2C) mobile money transfer systems offering digital mobile money platforms, peer to peer money transfers, remittance transfers, bill payments and access to quick loans.

Expected Impact

Increase financial inclusions and provide payment and marketplace solutions to unbanked populations and businesses.

How is this information gathered?
Updated: 13 Jul, 2022 Date of Production: 1 Jul, 2022
Eswatini
Indicative ReturnDescribes the rate of growth an investment is expected to generate within the IOA. The indicative return is identified for the IOA by establishing its Internal Rate of Return (IRR), Return of Investment (ROI) or Gross Profit Margin (GPM).
< 5% (in GPM)
Investment TimeframeDescribes the time period in which the IOA will pay-back the invested resources. The estimate is based on asset expected lifetime as the IOA will start generating accumulated positive cash-flows.
Short Term (0–5 years)
Market SizeDescribes the value of potential addressable market of the IOA. The market size is identified for the IOA by establishing the value in USD, identifying the Compound Annual Growth Rate (CAGR) or providing a numeric unit critical to the IOA.
USD 100 million - USD 1 billion
Average Ticket Size (USD)Describes the USD amount for a typical investment required in the IOA.
USD 1 million - USD 10 million
Direct ImpactDescribes the primary SDG(s) the IOA addresses.
Decent Work and Economic Growth (SDG 8) Reduced Inequalities (SDG 10) Industry, Innovation and Infrastructure (SDG 9)
Indirect ImpactDescribes the secondary SDG(s) the IOA addresses.
Partnerships For the Goals (SDG 17) No Poverty (SDG 1)

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Sector Sources
  • 1) Finmark Trust. 2020. Financial Inclusion Refresh. https://finmark.org.za/system/documents/files/000/000/391/original/Eswatini_Financial_Inclusion_Refresh.pdf?1614849476 2) UNDP Eswatini. About Eswatini. https://www.sz.undp.org/content/eswatini/en/home.html 3) Ministry of Finance. 2017. National Financial Inclusion Strategy for Swaziland 2017-2022. https://www.afi-global.org/publications/national-financial-inclusion-strategy-for-swaziland-2017-2022/ 4) Ministry of Economic Planning and Development. 2019. National Development Plan 2019/2020-2021/2022. https://www.gov.sz/images/CabinetMinisters/NDP-2019-20-to-2021-22-final.pdf 5) Ministry of Finance. National Financial Inclusion Strategy for Swaziland 2017-2022. 2017. https://www.afi-global.org/publications/national-financial-inclusion-strategy-for-swaziland-2017-2022/ 6) UNCDF. 2021. Measuring Progress: Financial Inclusion in Selected SADC Countries. https://www.uncdf.org/article/7365/measuring-progress-2021-financial-inclusion-in-selected-sadc-countries 7) Deputy Prime Ministers Office. 2019. The Kingdom of Eswatini's Country Progress Report on the Implementation of the Beijing Declaration and Platform for Action. https://archive.uneca.org/sites/default/files/uploaded-documents/Beijing25/eswatini-beijing25_report.pdf 8) Ministry of Economic Planning and Development. 2019. National Development Plan 2019/2020 - 2021/2022. https://www.gov.sz/images/CabinetMinisters/NDP-2019-20-to-2021-22-final.pdf
IOA Sources
  • 12) MTN Momo. https://www.mtn.co.sz/momo/ 13) Eswatini Mobile. https://eswatinimobile.co.sz/e-mali/ 14) Instacash. https://www.instacash.co.sz/about 15) Unayo. https://www.unayo.standardbank.com/static_file/unayo/ 16) MTN Group Limited Quarterly update for the period ended 30 September 2021. https://www.mtn.com/wp-content/uploads/2021/11/MTN-Group-Q3-2021-JSE-SENS-announcement.pdf 17) Eswatini Observer. 2021. http://new.observer.org.sz/details.php?id=15902#:~:text=At%2010%20years%20since%20its,500%20new%20subscribers%20each%20month 18) Finmark Trust. 2020. Financial Inclusion Refresh. https://finmark.org.za/system/documents/files/000/000/391/original/Eswatini_Financial_Inclusion_Refresh.pdf?1614849476 19) MTN Group Results. 2021. https://www.mtn.com/wp-content/uploads/2021/08/MTN-Group-H1-21-results-presentation-2.pdf 20) Sustainable Development Report. https://dashboards.sdgindex.org/static/profiles/pdfs/SDR-2021-eswatini.pdf 21) Brookings Institution. July 2016. Ending Poverty with Electronic Payments. https://www.brookings.edu/wp-content/uploads/2016/07/FayeNiehausEndingPovertywithElectronicPayments.pdf 22) Kingdom of Eswatini. 2019. Voluntary National Review Report. https://sustainabledevelopment.un.org/content/documents/24651Eswatini_VNR_Final_Report.pdf 23) Minister of Finance. 2017. National Financial Inclusion Strategy. https://www.afi-global.org/publications/national-financial-inclusion-strategy-for-swaziland-2017-2022/ 24) Central Bank of Eswatini. 2021. Eswatini National Payment System Vision and Strategy Document 2021–2025. https://cenfri.org/wp-content/uploads/Eswatini-National-Payment-System-Vision-2025.pdf 25) GSMA Index.Mobile Money Metrix. 2020. https://www.gsma.com/mobilemoneymetrics/#prevalence-index 26) Central Bank of Eswatini. 2010. Minimum Standards for Electronic Payments. https://www.centralbank.org.sz/national-payment-systems/ 27) Central Bank of Eswatini. 2019. Proactive Note for Mobile Money Service Providers. https://www.centralbank.org.sz/national-payment-systems/ 28) Central Bank of Eswatini. FinTech Sandbox. https://www.centralbank.org.sz/cbe-fintech-sandbox/ 29) Central Bank of Eswatini. 2021. Financial Stability Report. Issue.5. https://www.centralbank.org.sz/financial-stability-report/ 30) United Nations Statistics Division. 2020. SDG Indicators Database. https://unstats.un.org/sdgs/UNSDG/countryprofiles/SWZ#goal-9 31) United Nations Eswatini. United Nations Sustainable Development Cooperation Framework (UNSDCF) 2021-2025. https://unsdg.un.org/sites/default/files/2020-11/Eswatini_UNSDCF_2021%20to%202025_1.pdf 32) United Nations. 2021. SDG Indicators Database. https://unstats.un.org/sdgs/UNSDG/IndDatabasePage 33) International Monetary Fund. 2020. Mobile Money in the COVID-19 Pandemic. https://www.imf.org/~/media/Files/Publications/covid19-special-notes/en-special-series-on-covid-19-mobile-money-in-the-covid-19-pandemic.ashx?la=en 34) UNDP and UNCDF. 2021. Technical Paper 1.1. BigFinTechs and their impact on Sustainable Development. https://www.undp.org/sites/g/files/zskgke326/files/2021-06/UNDP-UNCDF-TP-1-1-BigFintechs-and-Their-Impacts-on-Sustainable-Development-EN.pdf 35) Eswatini Investment Promotion Authority. https://investeswatini.org.sz/why-do-business-in-eswatini/ 36) The Government of Swaziland. 2016. The Credit Consumer Act https://www.fsra.co.sz/legal/legislation/TheConsumerCreditAct2016.pdf. 37) McKinsey. 2018. Mobile Money in Emerging Markets. https://www.mckinsey.com/~/media/mckinsey/industries/financial%20services/our%20insights/mobile%20money%20in%20emerging%20markets%20the%20business%20case%20for%20financial%20inclusion/mobile-money-in-emerging-markets.ashx 38) Mukuru International. https://www.mukuru.com/zw/ 39) UNDP Stakeholder Consultation Interview with Mukuru. January 2022 40) GSMA. 2013. Mobile Money: Enabling Regulatory Solutions. https://www.gsma.com/publicpolicy/wp-content/uploads/2013/02/GSMA2013_Report_Mobile-Money-EnablingRegulatorySolutions.pdf 41) Kingdom of Swaziland. Financial Sector Development Implementation Plan. March 2017. https://www.fsra.co.sz/media/notices/FinancialSectorDevelopmentImplementationPlan.pdf 42) Eswatini Investment Promotion Agency. Eswatini Communications Commission Act of 2013. https://investeswatini.org.sz/swaziland-communications-commission-act/ 43) United Nations Department of Economic and Social Affairs. Sustainable Development. https://sdgs.un.org/goals/goal10 44) Central Bank of Eswatini. Development Finance. https://www.centralbank.org.sz/development-finance/