1. Unleashing the Potential of Mobile
Channels to Penetrate Emerging
Markets in Asia

2.  What is banking and what are payments?
 Banking is taking deposits and lending money,
and probably also operating cheque-type open
loop payment services.
 Payments are a subset, services for transferring
value between two people for whatever reason.

4.  "Banking is essential. Banks are not." Bill
Gates
 We need safe and efficient ways to transfer
value between people, make payments, invest
capital and repay debts.
 Mobile banking and payments are the latest in
a long line of refinements and improvements to
the service of banking.
 The same basic issues apply – trust, security,
cost, privacy, speed, reliability

7.  Stored value product
 Mobile banking
 Trusted agent
 Low-tech, paper based

9.  Evolution or revolution? Just the latest delivery
channel for an ancient service?
 Banking has always been about account keeping,
trusted networks and agents, and providing
convenient ways for customers to store, access and
transfer money
 What has changed – the ‘who’ and ‘how’
 Traditional banks v new / lateral competitors (eg telcos)
 Online, mobile, tablet, token/NFC
 Not so much the ‘what’ – storing money and moving it
from ‘A’ to ‘B’
 But huge practical impact – low cost banking, broader
inclusion (esp rural), business enabler / poverty
reduction