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Philippine Rural Banks’ Mobile Phone Banking experiences shared at the MMT Summit in Dubai

Taking part in the international mobile money technology (MMT) scene, MABS presented alongside other mobile phone banking leaders on how mobile money works on the “front lines” of microfinance at the 2009 Mobile Money Technology Global Summit held in Dubai on October 26-27. MABS Chief of Party John Owens shared the experience of rural banks in the Philippines who are effectively using mobile money transfer to expand outreach to more than 330 experts and leaders in the mobile money industry who participated in the summit.

Presenting with him in a panel discussion on how mobile money works on the ‘front lines’ of microfinance were Musoni’s Africa Implementation Team Manager Cameron Goldie-Scot, Aikku’s Microfinance Specialist Philippe Breul, and Utiba’s Product and Marketing Director Ritesh Andley.  They presented on the operational and cultural impact of mobile phone banking on existing practices of MFIs, MMT as a tool to increase productivity and reduce operational costs, and how MMT affects the lives of microentrepreneurs in Africa, India and the Philippines. Read more…

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