Research Services

Millicom Financial Services (MFS)

Brief Introduction & Outlook of MFS
February 03 2015

Table of Contents
Millicom Financial Service

About Us
Timelines for MFS
Growth in Different Markets

2014 Integreon

About Us
Millicom Financial Services
Founded in 1990, Millicom is a major telecommunications and media company focused in emerging markets like
Latin America & Africa
Mobile

The company has four focus areas for its growth

Mobile

Cable & Digital Media

Mobile Financial Services

Online

Online

MFS

Cable & Digital Media

13%
14%

47%

26%

Among them, the important area of focus for the company is Mobile Financial Services (MFS), as it helps enable
poor to avail and use financial services through mobile phone.
Companys MFS portfolio includes a wide range of services like

Person-to-Person (P2P) money transfers

International payment transfers

Payments for utility bills, salaries for SMBs, micro credit loans, health insurance, merchant payments at stores or
online

Financial aid disbursements

2014 Integreon

Timeline for MFS

Millicom operates in 13 countries mentioned below and MFS is offered by Millicom in all countries where it
operates except Columbia.
Bolivia, Colombia, Paraguay, El Salvador, Guatemala, Honduras, Chad, the Democratic Republic of Congo,
Ghana, Mauritius, Senegal, Rwanda, and Tanzania.

2009

MFS was First

Launched in
Tanzania &
Paraguay

2012

2010
Later on
launched in
Democratic
Republic of
Congo, EL
Salvador

2011
Launched in
Ghana,
Guatemala,

Launched in
Hoduras,
Rawanda

2014 Integreon

2013

2014

Launched in
Bolivia, Chad,
Mauritius

Launched in
Senegal

Growth in Different Markets

MFS is referred to Tigo Money in Latin America, Tigo Cash in Africa and Tego Pesa in Tanzania with offerings
being similar in Nature
South America Contributed the most in Average Revenue Per
user (ARPU), but Africa has been showing significant growth
Rate. While in terms of Revenue Generating units (RGU) Africa
Is leading way ahead of other markets.

Source: Millicom Annual Report 2013

Source: Millicom Annual Report 2013

Future Outlook
The MFS is gradually moving customers away from traditional way to transact and pay for basic services and
subsidies and provides promising growth outlook.

2014 Integreon

For more information, please contact:

Sumit Bhutani
Sumitbhutanidtu@gmail.com
+91 96523 04073

www.integreon.com

2014 Grail Research, a division of Integreon

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