Updated – Mobile Banking for Poor People: Pioneer Perspectives

by Jim Rosenberg : Thursday, December 11, 2008

UPDATED: You can get archived video here:

http://technology.cgap.org/2008/12/18/watch-the-video-mobile-banking-for-poor-people-pioneer-perspectives/

We thought it would be great to get some of our partners together to share what they’re doing with each other – and with you. Share your questions at the end of this blog post, as a comment. We’ll put  them to the panelists. Here are the details:

Mobile Banking for Poor People: Pioneer Perspectives
a CGAP roundtable and webinar

Dec. 11, 2008 | 2:00pm – 5:00pm
World Bank Headquarters, Washington DC | online at http://technology.cgap.org

Join CGAP for a lively discussion on how mobile phone banking can deliver a range of financial services to poor people and change lives for the better.

By the end of 2008, the UN says there will be four billion mobile phone connections globally. Millions of air-time resellers and retail agents in developing countries make it possible to distribute financial services at far lower cost than through traditional channels.

Yet in many ways, it is still early days for mobile phone banking. Examples of successful large-scale implementations that target poor customers, and deliver products other than payments and transfers are rare. CGAP, with support from the Bill and Melinda Gates Foundation, is working to increase the numbers of such successful m-banking projects. CGAP has provided technical advice, market research and funding to the following organizations. The goal is to increase the reach and scale of financial services for poor people worldwide.

Panelists
-Nick Hughes, Vodafone Group
-Rizza Maniego-Eala, Globe Telecom (Philippines)
-Sam Kamiti, Equity Bank (Kenya)
-Ali Abbas Sikander, Tameer Bank (Pakistan)
-Bold  (Mongolia)
-Brian Richardson, Wizzit (South Africa)
-Carl Johan Rosenquist, c/o Maldives Monetary Authority (Maldives)

Hear real-world experiences with implementing mobile banking solutions at scale, in multiple markets, with a diverse range of clients.

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12 Comments RSS 2.0

  1. December 11th, 2008 at 2:29 pm, Archil Bakuradze ()

    Thank you for this excellent opportunity to ask the question: could panelists comment on what is the usual shareholder structure of mobile transaction companies? How big is mobile operators’ participation in comparision to finance institution? Who leads mobile finance projects? Thanks! Archil

  • December 11th, 2008 at 2:34 pm, Philippe BREUL ()

    Good Afternoon,
    In some countries , like in Egypt, we identified that their is a good acceptation/adoption potential through the value chain:
    - a demand and a potential good adoption from customers
    - good retail networks
    - MFIs and other stakeholders
    - Mobile operators
    The only issue is regulation…
    What is / can be done from/with WB/CGAP to make this regulation evolve, ..
    Thanks a lot
    Philippe

  • December 11th, 2008 at 2:51 pm, Philippe BREUL ()

    Good Afternoon,
    We can see that in main experiences, the not so poor are targetted / adopting at first and it’s only in a second step that the poorest / microfinance customers are targetted (like in Philipines, Kenya, …)… mainly because of Mobile / or Big Banks driven initiatives (reference to South African assessment by Risk Frontier), … what is / can be done to more rapidly address the poorest / microfinance?

  • December 11th, 2008 at 3:17 pm, Jim Rosenberg ()

    Hi everyone,
    We understand the server is overwhelmed by the bandwith demand right now – apologies for that. You should have better luck with RealPlayer and we promise to post an archive of the event later.

  • December 11th, 2008 at 3:18 pm, Azeb ()

    Thanks for sharing your experiances. I would like to ask the panalists if M-banking (as it is used currently) has become an instrument to extending traditional banking system to users or an option/alternative to providing financial services on its own ?

  • December 11th, 2008 at 4:02 pm, Philippe BREUL ()

    Good Afternoon,
    Is it possible for Mark to share the results of the study on Agents Business models in Kenya ? very interesting to conduct faisibility study and coordinate pilot deployment by national corridors (in order to reach critical mass in the relevant urban districts / rural regions).
    Thanks a lot
    Philippe

  • December 11th, 2008 at 4:17 pm, Mark Vanderbeeken ()

    The stream stopped working a little bit before the second hour finished. I can only repeat my request for an after-event stream now.

  • December 11th, 2008 at 4:38 pm, Olivier MARTIN ()

    Bonjour, Hi,

    When locals Telcos (MNO) are competing to launch independently their own solution on an african emerging market (like Madagascar, Cameroon…), how the banking and telecom regulator are able to settle the ‘communication’ between Telco companies and banks partners to define the right way to evolve m-payment and/or m-banking services, or interoperability ? What are the risks ?

    Thank you
    Olivier

  • December 11th, 2008 at 4:56 pm, François Coupienne ()

    Would that be possible to have a copy of the presentation?
    Not possible to easily see graphics, figures and text via Real Player?

    Thanks a lot for this webinar.

    François

  • December 14th, 2008 at 3:52 am, Chua ()

    It will be awesome if the webcast can be downloadable too. Thanks.

  • December 20th, 2008 at 1:49 am, Putting people first » Watch the video - Mobile Banking for Poor People: Pioneer Perspectives ()

    [...] week, the World Bank’s CGAP hosted a roundtable and webinar on the important topic of how mobile phone banking can deliver a range of financial services to [...]

  • February 3rd, 2009 at 7:08 am, Putting People First in italiano » Video - Mobile Banking for Poor People: Pioneer Perspectives ()

    [...] scorsa, il CGAP della Banca Mondiale ha ospitato una conferenza web sull’importante argomento di come il mobile banking possa apportare una gamma di servizi [...]

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