Mobile Microfinance: A Tool for Financial Inclusion & Economic Growth

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Presentation made during the Mobile Money Transfer Asia Pacific Conference (MMT APAC) held in Manila from January 17-20, 2011.

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  • 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

E-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

  • 68 accredited

Rural Banks

  • 979 branches & other

banking offices

  • Nationwide coverage

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