Philippine Rural Banks’ Mobile Phone Banking experiences shared at the MMT Summit in Dubai

Taking part in the international mobile money technology (MMT) scene, MABS presented alongside other mobile phone banking leaders on how mobile money works on the “front lines” of microfinance at the 2009 Mobile Money Technology Global Summit held in Dubai on October 26-27. MABS Chief of Party John Owens shared the experience of rural banks in the Philippines who are effectively using mobile money transfer to expand outreach to more than 330 experts and leaders in the mobile money industry who participated in the summit.
Presenting with him in a panel discussion on how mobile money works on the ‘front lines’ of microfinance were Musoni’s Africa Implementation Team Manager Cameron Goldie-Scot, Aikku’s Microfinance Specialist Philippe Breul, and Utiba’s Product and Marketing Director RiteshAndley.  They presented on the operational and cultural impact of mobile phone banking on existing practices of MFIs, MMT as a tool to increase productivity and reduce operational costs, and how MMT affects the lives of microentrepreneurs in Africa, India and the Philippines.
The conference also featured visionary case studies from Afghanistan, Cambodia, Kenya, the Philippines, Tanzania and other countries on providing an innovative platform for banks and microfinance institutions to reach out to the unbanked and under-banked market. It featured the work of MABS and the rural banks that have partnered with Globe X-Change Inc,’s GCASH platform to facilitate mobile phone banking as well as Smart’s work with MFIs.
Cameron Goldi-Scot also shared some interesting perspectives on making mobile money work for microfinance, especially for loan repayments in Kenya and Tanzania.  There were also some excellent presentations about using mobile money for payroll services including WING in Cambodia and Roshan in Afghanistan. Aside from these presentations, the conference also covered various other topics including mobile money as a tool for financial inclusion and economic growth, and the effective use of mobile money transfer ecosystem for banking on the unbanked, and how to work with regulators.
The MMT conference held in Dubai follows the equally successful MMT conferences previously held in Africa earlier this year and the first MMT Summit last year. This December 8 and 9, the Philippines will be the host of the first MMT Conference and Expo for Asia and the Pacific at the EDSA Shangri-La Hotel. The conference will highlight the success of mobile money transfer and will feature key industry players such as Globe Telecom’s GCASH, Smart Communications’ Smart Money and mobile money wallet developer Utiba.

Taking part in the international mobile money technology (MMT) scene, MABS presented alongside other mobile phone banking leaders on how mobile money works on the “front lines” of microfinance at the 2009 Mobile Money Technology Global Summit held in Dubai on October 26-27. MABS Chief of Party John Owens shared the experience of rural banks in the Philippines who are effectively using mobile money transfer to expand outreach to more than 330 experts and leaders in the mobile money industry who participated in the summit.

Presenting with him in a panel discussion on how mobile money works on the ‘front lines’ of microfinance were Musoni’s Africa Implementation Team Manager Cameron Goldie-Scot, Aikku’s Microfinance Specialist Philippe Breul, and Utiba’s Product and Marketing Director Ritesh Andley.  They presented on the operational and cultural impact of mobile phone banking on existing practices of MFIs, MMT as a tool to increase productivity and reduce operational costs, and how MMT affects the lives of microentrepreneurs in Africa, India and the Philippines.

The conference also featured visionary case studies from Afghanistan, Cambodia, Kenya, the Philippines, Tanzania and other countries on providing an innovative platform for banks and microfinance institutions to reach out to the unbanked and under-banked market. It featured the work of MABS and the rural banks that have partnered with Globe X-Change Inc.’s GCASH platform to facilitate mobile phone banking as well as Smart’s work with MFIs.

Cameron Goldi-Scot also shared some interesting perspectives on making mobile money work for microfinance, especially for loan repayments in Kenya and Tanzania.  There were also some excellent presentations about using mobile money for payroll services including WING in Cambodia and Roshan in Afghanistan. Aside from these presentations, the conference also covered various other topics including mobile money as a tool for financial inclusion and economic growth, and the effective use of mobile money transfer ecosystem for banking on the unbanked, and how to work with regulators.

The MMT conference held in Dubai follows the equally successful MMT conferences previously held in Africa earlier this year and the first MMT Summit last year. This December 8 and 9, the Philippines will be the host of the first MMT Conference and Expo for Asia and the Pacific at the EDSA Shangri-La Hotel. The conference will highlight the success of mobile money transfer and will feature key industry players such as Globe Telecom’s GCASH, Smart Communications’ Smart Money and mobile money wallet developer Utiba.