M-PAYMENT: A Tool for Financial Inclusion & Economic Growth

With over 290 million mobile subscribers in Africa, it is now possible to bring insurance, banking, and micro-finance and capital market services to people at the Bottom of Pyramid (BoP). M-PAY Conference & Expo is the only conference that focuses on all financial services that mobile system can deliver.

M-Banking:
In South Africa, almost twice as many people bank on their cell phones than on PCs, new research has revealed. In Kenya, over 30% of the population have either send or receive money through M-Pesa mobile money services. Balance enquiries and notifications of transactions are the killer applications in South Africa while money transfer is the king in Kenya. What would be the killer applications in Ghana, Nigeria, and Sierra Leone? Find out at M-PAY Africa - Ghana 2010.

M-Insurance:
The state of insurance penetration in Africa is worrisome. Only 12% South African have life insurance. Life insurance penetration in Nigeria is below 0.5%. However, Africa’s large population and informal economy indicate potential for huge penetration of the insurance services if the right distribution and payment channels are adopted. This is what Metropolitan Life (South Africa), Orient Insurance (Kenya) and Trustco (Namibia) are doing. They are using mobile phone channel to provide cheap insurance services to the BoP. Can these services be replicated across Africa? Find out at M-PAY Africa - Ghana 2010.

M-Shares Trading:
Trading in shares in most Africa countries is not a cup of tea even with the automation of some of the markets. Most people don’t have access to internet, the universal channel for trading. However, Standard Investment Bank, Kenya, with introduction of EasyHisa has shown that the BoP can also play the universal game. Easy Hisa is a new SMS service that allows investors to trade shares from the comfort of their home or office. Can this service work in other African countries? Find out at M-PAY Africa - Ghana 2010.

M-Government:
There is a global shift in demand from governmental agencies as they exploit the ubiquitous nature of SMS. Presently, over twenty governmental agencies were amongst those in Singapore exploring how to secure the SMS channel for its activity. Can governments in Africa also exploit mobile phone technology to enhance its delivery? Join us at M-PAY Africa - Ghana 2010.


Sign up for Updates on the upcoming M-Pay Africa Expo holding in Accra Ghana, May 2010