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Unleashing the Potential of Mobile Channels to Penetrate Emerging        Markets in Asia
   What is banking and what are payments?   Banking is taking deposits and lending money,    and probably also operating...
   "Banking is essential. Banks are not." Bill    Gates   We need safe and efficient ways to transfer    value between p...
   Stored value product   Mobile banking   Trusted agent   Low-tech, paper based
   Evolution or revolution? Just the latest delivery    channel for an ancient service?   Banking has always been about ...
121010_Mobile Banking & Payments for Emerging Asia Summit 2012_Unleashing the Potential of Mobile Channels to Penetrate Em...
121010_Mobile Banking & Payments for Emerging Asia Summit 2012_Unleashing the Potential of Mobile Channels to Penetrate Em...
121010_Mobile Banking & Payments for Emerging Asia Summit 2012_Unleashing the Potential of Mobile Channels to Penetrate Em...
121010_Mobile Banking & Payments for Emerging Asia Summit 2012_Unleashing the Potential of Mobile Channels to Penetrate Em...
121010_Mobile Banking & Payments for Emerging Asia Summit 2012_Unleashing the Potential of Mobile Channels to Penetrate Em...
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121010_Mobile Banking & Payments for Emerging Asia Summit 2012_Unleashing the Potential of Mobile Channels to Penetrate Emerging Markets in Asia

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121010_Mobile Banking & Payments for Emerging Asia Summit 2012_Unleashing the Potential of Mobile Channels to Penetrate Emerging Markets in Asia

  1. 1. Unleashing the Potential of Mobile Channels to Penetrate Emerging Markets in Asia
  2. 2.  What is banking and what are payments? Banking is taking deposits and lending money, and probably also operating cheque-type open loop payment services. Payments are a subset, services for transferring value between two people for whatever reason.
  3. 3.  "Banking is essential. Banks are not." Bill Gates We need safe and efficient ways to transfer value between people, make payments, invest capital and repay debts. Mobile banking and payments are the latest in a long line of refinements and improvements to the service of banking. The same basic issues apply – trust, security, cost, privacy, speed, reliability
  4. 4.  Stored value product Mobile banking Trusted agent Low-tech, paper based
  5. 5.  Evolution or revolution? Just the latest delivery channel for an ancient service? Banking has always been about account keeping, trusted networks and agents, and providing convenient ways for customers to store, access and transfer money What has changed – the ‘who’ and ‘how’  Traditional banks v new / lateral competitors (eg telcos)  Online, mobile, tablet, token/NFC Not so much the ‘what’ – storing money and moving it from ‘A’ to ‘B’ But huge practical impact – low cost banking, broader inclusion (esp rural), business enabler / poverty reduction

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