OpenRevolution provides Mobile E-Money Services.

The ubiquity of the mobile phone in emerging markets is changing how people interact with one another and reshaping traditional market behaviors.  Our founders recognized the opportunity presented by the delta between the penetration rates of mobile services and financial services in emerging markets for a revolutionary increase in financial access and financial inclusion.  Over 1.8 billion people own a mobile phone but lack basic access to financial services.

Through our Advisory Service Group, our multidisciplinary teams help governments, international organizations, mobile network operators, disaster relief organizations, and microfinance institutions design and implement mobile e-money market strategies and products. Our advisory services include technical assistance, management consulting services, market assessments, regulatory reviews, and policy support.

Our founders also saw the need for an integrated approach to the delivery of mobile e-money services that focused on the development of an ecosystem among national regulators, mobile network operators, financial institutions, merchants, and customers.  Early efforts in the provision of mobile financial services in emerging markets have tended to be mobile network operator or vendor centric and while demonstrating significant potential, struggle to realize scale, sustainability, and profitability.  Our goal is to enable the emergence of next-generation financial services and robust adoption and acceptance through a third party open, interoperable global network.

Our Network Group is building this network, beginning with OpenRevolution Georgia, where we will launch full commercial service in July 2010.  From Georgia, OpenRevolution’s Network Group will expand service to countries throughout Eurasia. As a trusted third-party provider, OpenRevolution enables financial institutions and merchants to offer mobile-enabled products without having to invest in capital-intensive infrastructure and sustain high ongoing operational expenses. The Network Group operates a mobile e-money transactional platform (MoBI Platform), which connects merchants, financial institutions, and their customers through a mobile operator.  This service allows the customers of financial institutions to transfer money, pay loans, pay bills, make purchases, top-up airtime, check balances, and receive cash.

To assist financial institutions in joining the OpenRevolution Network, our Investment Management Group provides a variety of debt and equity financing options.