mBanking 2009: Balancing Innovation and Regulation
Mobile banking in Africa has everyone's attention. Mobile companies are realizing a new revenue stream, banks furrow their brows over possible new competitors and NGOs hail a new venue for the poor to access capital. The Fletcher School's Center for Emerging Market Enterprises, along with the Central Bank of Kenya, are hosting a conference on May 25-26 in Nairobi to address how central banks and regulators should respond to the explosion of mobile banking:
“M-Banking 2009: Balancing Innovation and Regulation” conference is:
a student-led initiative that seeks to bring together more than 100 key stakeholders in the mobile banking sector—regulators, financial institutions, telecoms, customers, and mobile service entrepreneurs—in an effort to shift the dialogue around mobile banking from the risks it presents to the social benefits and business opportunities it provides. The conference will focus on the identification of tangible m-banking policies that strike a balance between increasing access for the underserved and controlling misuse of these new systems. The current nature of the m-banking sector and potential future developments will be explored.The announcement of this conference also marks a new focus on mobile finance on this blog. In the coming week or so, I'll be writing about the best ideas in both the industry and regulatory space of mobile banking. My writings have addressed the industry and civic implications of more and cheaper Internet on the continent. In parallel to this discussion of a freer exchange of ideas, I'll also be discussing about a freer exchange of capital.
Labels: mobile money