Monetics

Monetics has been providing consulting assistance to Central Banks and other institutions regarding payment systems for 10 years. Monetics’ principal consultants all have extensive histories of involvement with payments systems over a much longer period and they are mainly former partners of international consulting firms or general managers of software houses or banks. The team has worked for over 20 central banks, managing the implementation of payment systems (including the products of all the major payment system software providers) and providing consulting services on a wide range of topics from organisation to technical strategy, from business continuity to telecommunications, and from regulation to service pricing.

Monetics has extensive experience in all aspects of payment systems from inter-bank large value and bulk payment to card payment, switching, mobile payment and e-money, including special expertise in the application of international best practices and the BIS FMI Principles. Monetics is particularly skilled in bringing technology, namely mobile banking and branchless banking applications, to the financial inclusion sector, having worked on several projects worldwide that bring mobile payment systems design and rollout to those in underdeveloped regions.

As contributors to the Nepal Mobile Financial Services Summit conducted in June 2012, Monetics’ Carl Rosenquist worked with a group of selected IFC experts in microfinance and transformational branchless banking to develop the concepts and contributions for the Summit. This included an assessment of the existing regulatory framework regarding interoperability of the proposed mobile financial services Eco System for Nepal.