I attended SWIFT’s SIBOS conference last week. This event couldn’t have been scheduled for a more exciting time – it opened with the fresh news of the turmoil on Wall Street. There was much talk about that.
As for the issues we are focused on, there was a panel discussion on mobile banking. A Western Union representative said that their average remittance size is $350. But in mobile trials (from Hawaii and UAE to the Philippines, using both Philippine telecom services Smart and G-Cash ) the average remittance size was less than $100. So that’s evidence that there is demand to send lower amounts, if only the commission structure permits it. A Wells Fargo speaker said their average remittance size is closer to $500.
From India, ICICI explained their mobile remittance product. Essentially, the recipient gets notified by SMS, and then punches the code he gets on his SMS into a specially-enabled ATM to withdraw the cash. So the mobile is used purely f...
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Headlines for March 10, 2008From: technology.cgap.org
Post Date: 2008-03-09 21:05:06
Barclays Bank launches Hello Money Banking Service in India
Making the Most Of Mesopotamia
New Report: How to Make Mobile Phone Banking Secure
Visa picks up kudos ahead of debut
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more Do you follow mobile banking? Don’t miss thisFrom: technology.cgap.org
Post Date: 2008-03-26 13:10:53
Mobile banking, access to finance, and the attendant challenges and opportunities are all on the agenda at the Mobile Money Summit , which takes place May 14 ??? 15 in Cairo. This is an opportunity to hear from innovators, meet new partners, and engage with leaders from finance, telecom and the development community. CGAP is proud to co-organize this event with DFID , IFC , and the GSM Association , which represents more than 700 mobile network operators.
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more Mobile meets the world of central banksFrom: technology.cgap.org
Post Date: 2008-03-26 10:38:47
Mobile operators find navigating financial regulation isn???t quite so easy as sailing through the telco world.
If they want to convince central bankers that hold the keys to the payments space, mobile operators will make persuasive arguments about how mobile financial services meet traditional thinking about deposits, the new domain of payment system regulation, and the??hot button issue of anti-money laundering, especially when sending money across borders.
No operator better illustrat...
more Headlines for March 25, 2008From: technology.cgap.org
Post Date: 2008-03-25 11:06:12
M-Pesa???s bid to enter UK runs into legal hurdles
Ericsson and UNDP Join Forces on Mobile Solutions for Development in Rural China
Good Morning Vietnam! Mobile Marketing Has Arrived.
Kenya: M-Pesa’s Bid to Enter UK Runs Into Legal Hurdles
Fear of Fraud Stops Majority of Consumers from Using Mobile Banking
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