Tag Archives: Mobile banking
Mobile Payments and Immobile Regulators
I am borrowing the title from a presentation by Chanuka Wattegama, from the Distance Learning Center and who is also a Research Fellow with LIRNEasia. The presentation in question was made at an industry workshop on mPayments and mBanking in South Asia in Colombo, which I attended as well giving a presentation on the potential for mPayments in agriculture. [...]
Evidence to the policy process
The UNP in Parliament on June 11, called for the expansion of mobile phone facilities in the rural areas where by the rural people can make use of their mobile phones for their banking requirements. UNP MP Dr. Harsha de Silva who was speaking during the private member’s motion moved by UNP MP Ravi Karunanayake [...]
Mobile banking is 19% cheaper than traditional banks
Mobile banking services are on average 19% cheaper than services from traditional banks, according to a new research conducted by the Consultative Group to Assist the Poor (CGAP). It has found that the lower the transaction value, the cheaper mobile banking is in comparison with formal banks. At a transactional value of $23, branchless banking is [...]
Mobile 2.0 applications: Potential use among BOP in emerging Asia
An article by an Indian journalist who attended the recently concluded Expert Forum in Islamabad, summarizes various “Mobile 2.0″ initatives deployed by emerging South and Southeast Asian countries in recent years. “Mobile 2.0″ applications can be described as those which offer services which are more-than-voice, such as payments, money transfers, and mobile banking. Bus tickets: The [...]
First instalment of LIRNEasia’s contribution to Lanka Central Bank’s policy making on mobile money
One of the greatest contributions that can be made to help people pull themselves out of poverty is to facilitate safe, secure, low-cost transactions. Mobile payments which are potentially accessible to almost the entire populations of emerging economies need to be encouraged in this regard. At the beginning of the year, the Central Bank of [...]
‘The meek shall inherit the web’ – The Economist
Sep 4th 2008 | From The Economist print edition Computing: In future, most new internet users will be in developing countries and will use mobile phones. Expect a wave of innovation THE World Wide Web Consortium (W3C), the body that leads the development of technical standards for the web, usually concerns itself with nerdy matters [...]
Younger people get into mobile banking
Most Americans are still hesitant about banking with their cellphones and PDAs, but young people are increasingly accepting mobile banking, according to a survey. Serving the needs of tech-savvy customers will be crucial for banks to stay competitive as the collective income of baby boomers’ children is expected to surge over the next 10 years [...]
Executive Director at Aspen Institute India Joint Roundtable on Communications Policy
Rohan Samarajiva participated in the Third Annual ‘Joint Roundtable on Communications Policy – The Future of Indian Mobile’ in Kovalam, India from 7-9 February. The Round table was organized by the Aspen Institute India in collaboration with the Aspen Institute, USA. The objective of the conference was to convene Indian and American business leaders, government [...]
Western Union to transfer money to ‘mobile wallets’
Mobile phones are about to become the simplest and quickest way to transfer money across borders, under a deal announced yesterday by Western Union and GSM Association, the main mobile phone operators’ body. The agreement could have a big impact on global cross-border remittances, worth an estimated $500bn a year, and provide a springboard for [...]
Cell Phones Double as e-wallets in RP
Cell phones double as electronic wallets in RP By Oliver Teves Associated Press Last updated 10:42am (Mla time) 09/30/2007 Philippine Daily Inquirer SAN MIGUEL, Philippines–It’s Thursday, so 18-year-old Dennis Tiangco is off to a bank to collect his weekly allowance, zapped by his mother–who’s working in Hong Kong–to his electronic wallet: his cell phone. Sauntering [...]
Mobile money in the Philippines
Cell phones double as electronic wallets – Yahoo! News Mobile banking services, which are also catching on in Kenya and South Africa, enable people who don’t have bank accounts to transfer money easily, quickly and safely. It’s spreading in the developing world because mobile phones are much more common than bank accounts. The system is [...]
Regulatory reforms urged for Mobile Banking
Global telecoms heavyweights say microcredit may provide loan without collaterals but it does not meet the rural people’s total financial needs in the developing countries. Vodafone along with Nokia and Nokia Siemens Networks have urged for telecoms and banking regulatory reforms to encourage fund transfer by mobile phones instead. They believe it will transform access to [...]
Mobile money transfers services awaiting Govt approval in India
A number of Indian mobile operators have been pilot-testing transferring money using mobile handsets. There are 160 million mobile subscribers in India far outnumbering the bank branches in the country (70,000). The service could potentially allow mobile users to transfer money electronically via the handset directly and instantaneously to another mobile subscriber in the country [...]
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