Mobile banking for poor people: pioneer perspectives
Mobile Banking for Poor People: Pioneer Perspectives
a CGAP roundtable and webinar
Dec. 11, 2008 | 2:00pm â€“ 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.
- 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.
Update 20 December: videos are now online.
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[…] Last 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 poor people and change lives for the better (see also this blog post). […]