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Tunisia
Tunisia mobile money
Scheme name: Tunisia mobile money
IIPS Type: Mobile money
Instruments: E-money
Channels: Agent, App, Browser, POS, ATM, QR, NFC
Use cases: Transfers & remittances (P2P), Merchant payments (P2B), Bill payments (P2B/P2G)
Inclusivity level: Not ranked
Year of establishment: 2018
System owner: SMT
Overseer: Central Bank of Tunisia
Operator: SMT
Total Participants: 15
Volumes 2023: 191,000
Values 2023: 15,397,242 USD
Back to map| Category | Tunisia mobile money |
|---|---|
| Geographic reach | Domestic |
| Geographic description | Tunisia |
| Scheme governance | Société Monetique Tunisie (SMT) |
| Settlement agent | Central Bank of Tunisia |
| Participants - commercial banks | 11 |
| Participants - MMOs | 4 |
| Participants - non-bank PSPs | 0 |
| Participants - MFIs | 0 |
| US$ Exchange Rate 30 April | 3.1434 |
| Values 2022 | 1,717,874 USD |
| Values 2023 not-on-us transactions (US$) | 445,375 USD |
| Values 2023 on-us transactions (US$) | 14,951,868 USD |
| Total value of instant payment transactions 2023 (US$) | 15,397,242 USD |
| Interoperability arrangement | Payment system operator |
| Ownership model | Participant-owned |
| Governance Typology | PPP |
| Scheme rules shared or publically available? | No |
| Messaging standard | ISO 20022 |
| Types of proxy IDs | Proprietary ID |
| Use of open APIs | Yes |
| QR code standard | N/A |
| Pro-poor governance | Yes |
| CB governance involvement | Yes |
| Expanded use Cases | No |
| Minimum channel functionality | No |
| Minimum use case functionality | Yes |
| All licensed PSPs can participate (all-to-all interoperability) | No |
| Recourse | No |
| Not-for-loss | Yes |
| Status | Almost at basic level and potential to reach progressed level |
| Strengths/drivers | Already fulfilled Central Bank governance involvement criteria as well as pro-poor governance from progressed level and not-for-loss business model as per mature level criteria. |
| Areas of development | To reach basic criteria the system can enable the minimum channel, which means enabling bank transactions in addition to e-money. Consequently, the cross-domain criteria may also be fulfilled to reach progressed level. |
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