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- W397053722 abstract "The 2010 Mobile Money Summit marked an important moment in the evolution of the mobile financial services ecosystem. No longer is mobile money an enticing possibility or an unproven concept. In the two years since the first summit, mobile money has provided millions of people around the world with access to finance, and demand continues to increase. The Mobile Money Summit 2010 was convened to help the industry better understand how the ecosystem has grown and how each of these factors affects mobile money's role in developing a larger e-money economy: one in which cash wallets are replaced with mobile wallets and other electronic payment instruments. To continue its growth and begin to fulfill the promise of an e-money economy, industry stakeholders must work together to unleash convergence, drive customer acquisition, and refine enable technology. Mobile money must have a clear appeal to consumers, the public sector, and the private sector. The Mobile Money Summit 2010 identified a number of key lessons for all of the industry's stakeholders. Primary among these was that mobile money's development value rests in its ability to facilitate financial sector inclusion. To do so will require financial institutions and Mobile Network Operators (MNOs) to work together with regulators on a country-by-country basis. Providers will need to introduce basic mobile money services where they do not already exist and foster the consumer's appetite for more sophisticated services. Effective distribution networks must be developed in order to reach critical mass in the industry." @default.
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- W397053722 date "2010-10-26" @default.
- W397053722 modified "2023-09-27" @default.
- W397053722 title "Mobile Money Summit 2010 : unleashing the power of convergence to advance mobile money ecosystems" @default.
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