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11th Mobile Money & Financial Inclusion Summit 2020

2/18/20 2:30 AM - 2/19/20 11:30 AM

The mobile money industry has seen incredible growth — in 2018, a record 143 million registered customers were added globally.  There are more than 866 million registered accounts in 90 countries and $1.3 billion transacted daily (GSMA 2019).  Mobile money and its various functions are playing a vital role in financial inclusion in emerging markets.  The financial sector is expected to focus on giving low-income individuals access to safe, reliable, convenient and affordable financial services.  31 emerging markets have seen an impressive increase in financial inclusion rates, which can be attributed to simultaneous growth in active mobile money use.

However, access alone is not sufficient.  These accounts need to be actively used to actualize the benefits of finance to individuals and businesses.  Addressing trust and financial literacy issues in these segments will need special attention.  The Central Bank of Myanmar has taken a leading role in the development of this sector and plans to develop digital payments interoperability between industry participants.  This development presents the exciting opportunity for customers to transact at thousands of merchants around the country, through shared infrastructure provided by the mobile operators and banks.

The 11th Mobile Money & Financial Inclusion Summit is the established platform bringing the industry stakeholders together to discuss the latest regulatory, industry and technological developments and opportunities.  This event will explore the diversification and expansion of the mobile money value proposition — from enterprise solutions for micro, small- and medium-sized enterprises (MSMEs) to e-commerce, credit, savings and insurance.

This conference will be co-located with the 3rd Emerging Asia E-Commerce & Last Mile Logistics Summit.  Both events will be dedicated to exploring the challenges and opportunities of the rapidly changing landscape with emphasis on technology, innovation and shaping reforms.  To enquire or reserve your seats, contact Jose at +65 6846 2366 or jose@magenta-global.com.sg.

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