Pacific experiences and partners in branchless banking, mobile money & remittances Reuben Summerlin, Regional Financial Inclusion Advisor July 18, 2012.

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Presentation transcript:

Pacific experiences and partners in branchless banking, mobile money & remittances Reuben Summerlin, Regional Financial Inclusion Advisor July 18, 2012

PFIP mission, strategies Mission: Increase the number of Pacific islanders who have on-going access to financial services and financial education by 500,000 Strategies: Seek out and introduce new ways of serving hard- to-reach populations Foster greater commitment, cooperation among regional stakeholders to build inclusive financial systems throughout the Pacific

PFIP desired outputs (end of 2013) Better policies, regulation, and coordinated actions Scalable and replicable projects with lower cost delivery channels Better market information and access to knowledge Informed and competent consumers 500,000

Partnerships Agents Client access Client interface Client education Cash in/cash out MNOs Platform Hardware Lower cost Geographic outreach Distribution network Regulators E-money regulations Agent regulations KYC. Etc. Banks/MTOs Cash movers Bank/MTO to agents Bank/MTO to MM operator Linked bank accounts Mobile Money/ Remittances Regulation Financial Sector Mobile Network Agents Donors Capital, Technical Assistance, Advocacy

PFIP’s BB, MM & remittance projects Timor-Leste (INFUSE) BB, MM Research PNG Distribution/agents Technology Product development Fiji Product development TA in regulation/policy Distribution Technology Solomon Islands TA in regulation/policy Product/Distribution Vanuatu Distribution Technology Tonga Product development Distribution TA in regulation/policy Samoa Product development TA in regulation/policy

Thank you for your attention