Mobile Money: What’s next?

One of the most exciting functions of mobile phones in recent years has been Mobile Money. In this presentation, Christoph Stork investigates the obstacles to serving the poor more profitably.  The conclusion of the presentation is that:

  • Banks need to get back to basics and focus on making money through financial intermediation rather than through transaction fees
  • Convergence of two such heavily regulated industries means that challenges are unlikely to be met unless policy-makers lay the ground rules for innovation
  • Policy-makers and regulators need to safeguard that evolving systems serve the broader objectives of economic growth and development as well as protect consumer interests, while creating an environment that encourages and rewards innovation