The summary provides an overview of the Mobile Money for the Unbanked Working Group meeting in October 2010 in Kuala Lumpur. The goal of the MMU initiative is to provide mobile money services to 20 million new unbanked customers living on less than $2 per day by 2012. The document outlines the MMU team members and activities in Asia, including phases of work and the portfolio of funding projects in various countries. It describes components of deployment design for mobile money services.
1. Mobile Money for the Unbanked Working Group Seema Desai, MMU Director October 2010, Kuala Lumpur
2. Our Goal “ By 2012, the MMU initiative will have made mobile money services available to 20 million new unbanked customers living under 2 USD per day. Mobile money will be considered mainstreambusiness for mobile operators, be extensively available to those who have been previously unbanked, and extend the reach and reduce the cost of formal financial services such as savings, insurance and credit ”
3. The MMU Team Paul Leishman MMU Manager Seema Desai MMU Director Andrew Zerzan MMU Regulatory Director Neil Davidson MMU Manager Maha Khan MMU Coordinator Camilo Tellez MMU Analyst
4. MMU in Asia MMU Grantees MMU Opportunity “Over 60% of the world’s population lives in Asia .. “
5. Phases of MMU 4. Develop new products and business models 4 Impact 3. Embed best practices 3 2. Develop best practice guides, case studies 2 1. Understand the industry’s needs 1 October 2010 5th MMU Working Group February 2009 MMU Launch
6. MMU Fund Portfolio Afghanistan Bangladesh Pakistan Qatar Cote D’Ivoire West Africa Philippines Kenya Cambodia India Cameroon Thailand Fiji Sri Lanka Uganda Tanzania East Africa Brazil Indonesia