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Library » Beyond Payments: Next Generation Mobile Banking for the Masses

Beyond Payments: Next Generation Mobile Banking for the Masses
2011, Ventura, A., Seck, T., Rung, G. & Singh, P.
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Strategic and operational lessons from pilots in emerging markets

This paper explores the potential of mobile technology in providing low-income consumers with access to a wide range of financial products that go beyond simple mobile payments.

The paper looks at distribution strategies and second generation mobile microfinance products through pilots in West Africa and South-East Asia. It examines two distinct and innovative models, namely, the distribution of microfinance through mobile money through existing microfinance banks, and the distribution of microfinance through a virtual microfinance bank, operating as a pure mobile player.

The report discusses lessons across different aspect of mobile microfinance such as marketing, sales and distribution as well as credit risk management. It states that mobile microfinance:

Can have a significant impact on increasing financial services access for unbanked subscribers by eliminating the disadvantages of physical bank branches;
Is a cost-effective way for banks and MFIs to reach the masses by capitalizing on the widespread penetration of telecom distribution networks;
Will see a new breed of intermediaries emerging that will allow partners on both sides to interact smoothly by playing the interconnection role, making money on transactions rather than the spread.

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11 Oct 2011



Honduras

04 Jul 2011



Afghanistan

06 Jun 2011



France

13 May 2011
This is an interesting report from PlaNet Finance

This is a really interesting report. I had the opportunity to meet the Planet Finance project managers in Ivory Coast (Louis Koffi and Simon Priollaud)who actually did a really good job working with a local MFI. I am looking forward to read the next Planet Finance report.

Paul Robinson IFC Italy

10 Mar 2011
Great Job

Really interesting report which points out development ways to boost activity with mobile money solutions.

Benin

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Publisher(s):
PlaNet Finance
Oliver Wyman