M-commerce
empowering
the eco-system

Monet's managed platform & services are focused on delivering comprehensive mobile financial solutions for banks, wireless carriers & enterprises to help them offer innovative products to their customers.

About Us

Vision

Our vision of mobile financial services in the industry

Investors

We are one of the diverse investments of Abu Dhabi Group

Partners

Our industry partners are world class leaders in their fields

Management

Profiles of our management team

Careers

Join us for a challenging career in the cutting edge field of m-commerce

Vision back

Monet's vision is to build a world-class feature rich fully-managed m-commerce platform which connects mobiles and financial services across devices, carriers and banks – efficiently, securely and cost-effectively.

Across Pakistan, working with multiple partners, Monet is enabling a network of over 10,000 agents with the capacity to serve millions of customers. It is the first of it kind, completely neutral platform in the country which allows interoperability between banks, operators and merchants, giving end-customers a unified interface to interact with various organizations and consume numerous products & services.

Using Monet's managed services platform Mo-Hub, mobile operators are integrating their agent networks with an array of financial services provided by multiple banks, while financial institutions are getting nationwide reach for their products and services without having to develop an agent network from scratch. Moreover, working with banks and operators, merchant networks are developing customized and co-branded financial services for their clients, capitalizing their brand affinity.

Investors back

Monet is the latest venture of the Abu Dhabi Group. ADG is one of the leading business conglomerates in the Middle East with diversified business interests in Europe and Asia. ADG investments span across the following sectors:

  • Oil and gas exploration
  • Banking and financial services
  • Automotive
  • Hospitality services
  • Property development
  • Telecommunications

The Abu Dhabi Group is led by His Highness Sheikh Nahayan Mabarak Al Nahayan - the Federal Minister for Higher Education and Scientific Research of the United Arab Emirates.

Partners back

Management back

Monet's management team brings to the table a blend of innovation, entrepreneurship, operational excellence and a history of success; coupled with deep understanding of financial and cellular industries.

Ali Abbas Sikander

CEO

As employee No. 1 of Monet, Ali Abbas Sikandar is building the latest revolution in the mobile financial services in Pakistan. With a vast experience of mobile financial services and deep understand of technology, Ali is a well respected leader and a highly sought after speaker in his field.

Abbas's earlier successes include co-founding Tameer Bank and launching the easypaisa mobile financial services; which was the first product of its kind in Pakistan. Prior to this, he held various positions with Citigroup and Standard Chartered Bank in the Gulf, USA and Pakistan.

Careers back

The brief life span of mobile financial services is filled with creativity and innovation. Keeping up with the tradition, we at Monet believe in challenging the status quo and finding creative ways to help individuals and businesses realize their potential and contribute to their country's economy in a positive way.

If you are passionate about what we do and want to play a role in shaping the future of mobile financial services in the region, please drop us a line at careers@monet-online.com along with your latest resume.

Solutions

Delivery of financial services through mobile is a disruptive innovation in the financial sector. This innovation has reached an inflection point where it has moved from niche to mainstream and can potentially become the strongest channel for the delivery of financial services. The unprecedented reach of mobile technology is making financial inclusion possible like never before and helping economies and people realize their untapped potential.

M-commerce also provides a wealth of opportunities for the enterprise sector where time and reach have been major issues for payments and collections. Monet is developing fully-managed "anytime-anywhere" innovative solutions that give your business a competitive edge like never before.

For Banks back

Monet has poured its deep understanding of mobile financial services and the carrier market into developing the Mo-HUB. As a fully managed service platform with an open, trusted, scalable and interoperable infrastructure, Mo-HUB enables customised branchless banking and mobile money solutions for Banks while removing the technology challenges associated with such projects.

Mo-HUB provides multiple opportunities in the areas of customer acquisition and retention. The low cost of customer management improves efficiency, and ability to leverage agent networks already connected to
the Mo-Hub, increases your reach to millions of potential customer and gives you
the competitive edge of fast-paced deployments as well as the flexibility to grow
at your own speed.

Whether you are a rapidly expanding bank or one with nationwide reach, the
exceptionally powerful, highly flexible and fully compliant Mo-HUB is the first
building block of your enterprise wide mobile financial services strategy.

Mo-Bank back

In this fast paced world where everything is required to be on our fingertips, customers want access to banking services on the go. Mo-Bank allows you to provide your customers exactly what they need– anytime, anywhere.

Designed as an additional offering in your existing suite of alternative distribution channels, Mo-Bank provides a variety of access options for your consumers to connect to their existing bank accounts or cards via their mobile phones. Moreover, standard features of Mo-Bank, such as funds transfer, bill payments, retail and airtime purchases etc., can be rolled out to your customers in no time.

Mo-Bank can quickly and securely integrate with your core banking infrastructure
and use your existing credential management systems to provide access to your
customers. Every new service provisioned through Mo-Bank uses your existing
customer authentication systems – a convenience your customers will appreciate –
and will result in quicker uptake of new services.

Mo-Wallet back

If you are ready to expand your mobile financial services to the unbanked; Mo-Wallet is the solution for you. Built on the Mo-HUB, the Mo-Wallet provides Financial Institutions and Mobile Operators with an opportunity to bring transformational mobile financial services to their customers where access to formal banking is limited.

Monet's Mo-Wallet is a 'standalone' banking solution with fully customizable and secure account management system that enables
end customers to make payments from their mobile phones. Based on the segment being targeted, the Mo-Wallet can be
personalised to be accessed via the Internet and can also be packaged onto branded or non-branded plastic cards.

Using Mo-Wallet you can roll out the following products to your customers:

  • Local and international remittances
  • Mobile shopping – Retail, insurance, tickets etc.
  • Person to person payments
  • Utility bill payments and airtime purchase
  • Bulk disbursements – Salary, G2P, social payments etc.
  • Full-fledged account management options


At the back end, Mo-Wallet provisioning and management can be tailored to fit existing processes of your organisation thus minimising training and administrative costs.

Mobile-Apps back

One of the major push behind the growing numbers of smartphones globally is Apps. These apps offer experience which is perfect for the portable screen along with extreme ease of use which is the key factors in millions being downloaded everyday.

Here lies a great opportunity for financial institutions to target technology savvy customers with apps which provide enriched real-time services. These powerful apps make self service banking possible like never before and are well worth the investment due to a noticeable reduction in customer management costs at the touch points.

Monet can help develop cross platform native apps which make use of all the
capabilities of the smartphones. Starting from a basic location aware ATM locator
to a more complex account management app or breaking the barriers with a remote
deposit capture app, Monet has the expertise and the strategic partnerships to cover
all aspects of the app development.

For Carriers back

Monet mobile financial services solutions enable the carriers to reap the rewards of their large customers bases and support their ARPUs.

Using Monet's fully-managed solutions, carriers can roll out mobile wallets for their customers on multiple delivery channels (SMS, USSD, Browser, Mobile Apps, NFC) in the shortest possible time.

With our teams of experts – in both financial services and mobile operator
management - we can quickly build up your understanding of the new domains and
help you monetize your potential. We can prepare you for regulatory compliance,
help select technology and products, plug in your agent network and assist you in
communicating the relevance of mobile financial services to the right audience
resulting in stronger traction in the market.

For Enterprises back

While M-commerce provides many opportunities for enterprises to connect to their customers and deliver innovative services to them; but it also has a big potential in serving enterprise business needs.

Monet is developing solutions which combine enterprise-level architecture (scalability, reliability, control and security) with consumer level reach (nationwide) and solve multiple problems faced by today's fast paced organisations.

Below are some of the solutions under development:

  • Supply chain payment solutions using secure Mo-wallet
  • Intra-organisational payments
  • Real-time round-the-clock collections without having to worry about
    banking hours
  • Distribution & Retail payment solutions

Using Monet's powerful, flexible and robust platform, we can develop tailor made
solutions for your business needs.

Consulting

The explosive growth of internet and mobile is revolutionizing the way the financial industry conducts business. Today's niche will be tomorrow's main stream and financial services industry needs to ride this wave of change. While there are many opportunities for banks, enterprises and carriers; the pitfalls of entering into a new segment unaware or unprepared cannot be ignored.

Monet consulting works with you to understand your business and develop a cohesive mobile financial services strategy. With a wealth of knowledge and experience in both local and international markets, our team will help you develop and rollout the most suitable financial services for your business.

Our experts have worked with multiple organizations helping them finding a new way to add value to their products and services, gain competitive advantage, sign up new high-value customer and increase customer loyalty.

Four key areas of our consulting services are:

  • Strategy and Planning
  • Propositions and Marketing
  • Distribution and Merchant management
  • Organization and Partnerships

Although Monet offers complete suite of products and services for all your mobile financial services needs; the consulting teams work independently with customers to find the most suitable solution regardless of the source.

Whether you are looking to test the m-commerce waters by starting small or you would like to evaluate a full blown strategy with multiple partners, channels and apps, talk to Monet. We can help you jump start your m-commerce efforts by giving a unique perspective on your market, build your capability and help devise the best way forward for your organization.

Strategy and Planning back

Across Pakistan, working with multiple partners, Monet is enabling a network of over 10,000 agents with the capacity to serve millions of customers. It is the first of its kind, completely neutral platform in the country which allows interoperability between banks, operators and merchants, giving end-customers a unified interface to interact with various organizations and consume numerous products & services.

Using Monet's managed services platform Mo-Hub, mobile operators are integrating their agent networks with an array of financial services provided by multiple banks, while financial institutions are getting nationwide reach for their products and services without having to develop an agent network from scratch. Moreover, working with banks and operators, merchant networks are developing customized and co-branded financial services for their clients, capitalizing their brand affinity.

Propositions and Marketing back

While there is a lot of excitement around mobile financial services, there is still a lot of confusion about the best way to communicate the m-commerce products to the end customers.

Monet can work with your marketing teams to help develop propositions which communicate the relevance of m-commerce products to your customers and help you gain initial traction with the customer.

Distribution and Merchant management back

Perhaps the most critical operational challenge that underpins the customer experience is distribution and merchant management. It is the single most important factor which can make the difference between failure and success.

Monet can help you train merchants, put quality control processes & appropriate rewards in place and develop systems which aid in electronic money float management.

Organization and Partnerships back

To make the mobile financial services launch a success, the whole organization has to align its business process to work with the new systems. Moreover, the new systems have to be flexible enough to integrate seamlessly with the core applications and easy enough to learn for users. Qualified resources can help ease the teething pains and give the launch a boost.

Monet can help ensure that the business processes and resources are in place to enable success. We can set-up a system which provides an independent review of the mobile-money culture in the organization necessary to sustaining the business beyond launch.

Press & Media

Monet CEO represents Pakistan at the Mobile Financial Services Summit Ali Abbas Sikandar speaks at Khatmandu Summit organised by USAID's Nepal Economic Agriculture and Trade (NEAT) program Download Press Release
Karachi, 21st June 2012

Abu Dhabi Group to launch Mobile Financial Services Company Monet will be build a multi-service multi-tenancy platform which will increase collaboration, time-to-market and efficiency Download Press Release
Karachi, 11th February 2012



Download Presentations M-Commerce with Monet