Presentation made during the Mobile Money Transfer Asia Pacific Conference (MMT APAC) held in Manila from January 17-20, 2011.
1.Mobile Microfinance: A Tool for Financial Inclusion & Economic Growth John V Owens MMT APAC January 17-20, 2011
2. What is the MABS Program? The Microenterprise Accessto Banking Services (MABS) Program is an RBAP program supported by USAID that provides technical assistance and training to rural banks in microfinance best practices. The program is designed to develop the capability of rural banks to profitably provide financial services (loans, deposits, insurance, and money transfers) for microenterprise clients. 3. GCASH & SMART PadalaLaunch 4. Challenges for Banks to reach Rural Clients E-Money Creating Opportunities to meet the Challenge High Transaction Costs Transportation Cost Travel time Loss of business opportunity Security risk Use of E-Money Reduces Transaction Costs
No transportation cost
5. Reduce time 6. Fast and convenient 7. Secure no cash in transitE-Money
8. Today, Rural Banks Can Offer the Following Mobile Phone Banking Services 9. Rural Bank M-Banking & M-Commerce Ecosystem via GCash P Text-a-Payment / Intl & Domestic Remcos P2P (Domestic Remittance) GCash2Load (Airtime Credit Purchase) Text-A-Sweldo (Salary Disbursement) Text-A-Withdrawal (Withdrawal from Bank Account to GCashWallet) RURAL BANKS Rural Bank Text-A-Remittance Cash-in/Cash-out (Face-to-Face Wallet Funding) Text-A-Credit (Loan / Credit Disbursement) Text-A-Deposit (Deposit to Bank Account) P2P (Purchase of Goods/Services) Text-a-BillPay (Bills Payment) 10. Mobile Phone Banking Accredited Rural Banks