Nigeria is at the threshold of joining the likes of Kenya and others Nations across the globe where Mobile Finance is shaping how millions conduct Business and Banking via the mobile phone. More than ever before, a single technology is improving lives and changing the way people interact with financial products and services for the Banked and unbanked populations.
Join us at the maiden interactive online webinar training focused on Mobile Money and agent Banking where you learn and receive practical Know-How and knowledge from pioneers in the industry. Scheduled to hold at the British Council (Ikoyi – Lagos) on 29th October,2009.
Focus Area one
• Agent Network Development for Mobile Money and Payments.
Aleeda Fazal – Director, Paradigm Solutions
Aleeda Fazal is a pioneer and highly regarded expert in mobile financial services with implementation experiences in over 10 countries. As product Manager for M-PESA in Kenya and M-Paisa in Afganistian, she was instrumental in the development of the technology and gained valuable experience in the operation of mobile financial services.
Focus Area Two
• Mobile Financials Services 101
• Addressing the Unbanked in emerging markets.
• Mobile payment defined.
• Key principles to consider.
• Case study.
Meneske Gencer: Director, Mpayconnect and former Director at Global e-commerce provider, Paypal Mobile.
mPay Connect provides strategic, product planning, and business development consulting services to clients interested in offering mobile financial services to their customers. mPay Connect is experienced in serving clients with banked and unbanked customers world-wide. Meneske is very active in the educating the stakeholders throughout Europe through her webinars in collaboration with leading institutes.
Focus Area Three
Agent Banking for Micro Finance.
Aiaze Mitha: Director, Amarathe Consulting
Aiaze Mitha is a recognized international expert in the field of Mobile financial services with hands on involvement in over 10 projects across Africa, Asia and Middle East. Aiaze has spent the last three years, supporting Mobile operators, Micro Finance institutions and regulators in every aspect of their mobile money projects. Previously, Aiaze directed M-Paisa for Roshan, the leading mobile operator in Afghanistan. The services rolled-out in the initial stage focused on payroll deposit, microfinance services and p2p transfers.
Focus Area Four.
• Postal Banking concept in relation to Mobile Money Transfer and Mobile Banking
• Building a sustainable Business case.
Piet Biemans: Managing Director,POFIB Development BV.The Netherlands.
Piet Biemans had worked extensively in different emerging markets in Africa , Central Asia and Central & Eastern Europe where He developed Postal Financial services and Postal Banking systems and was lead facilitator for the training of top management of the Nigerian Postal service in Holland
Subsidy Partners:Amarathe Consuting, Paradigm Solutions, Mpayconnect, Ponib NL and Prepaid Financial services of UK.
Seat Availability: 40
Final Booking Date: 20th October, 2009.
Email: Emmanuel@mobilemoneyafrica.com to book your space.
Send Money From Your Phone All you need is a mobile phone, and it only takes a few minutes to get starting. Banking
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Dear Emmanuel!
Whilst this a laudable event, l am very disappointed that the main stakeholder here (CBN & Banks- the legal money custodians & regulator of financial institutions) are left out of the meeting rather you have products marketeers-alia pre-Sanusi audit-Nigeria banks solely invited an event that has both national and financial security implications.
The fact that a product is readily acceptable in other Africa counties is not a barometer of acceptability in Nigeria.
I would not be taken as either a party spoiler or non- technocrat as l have about 2 decades European ICT experience within a couple of blue companies,but why great worry is that we are putting the cart b4 the horse, we should be having meeting between marketeers and the regulators and not public audience who have not clue about security issues.(I was amongst those who raised the concerns as regards the state of the banking industry about 2.5yrs upon resigning from one of the top 4 audit firms in a European country to return home as the banks concentrated more on media hypes & marketing rather than serious internal control ,security and core services development issues).
I have also said the mobile banking experience needs regulation by cbn,managed by legal custodians banks and delivered by vetted vendors. We need to look at the west with the technology,can anyone mention mobile banking has taking off,its only in developing countries will very weak financial regulatory controls,l rest my case!.
Dear Omiyale,
Many Thanks for your contribution.I have same views on the subject matter just like you and I had been working tirelessly to help lay the foundation to sustain the evolving ecosystem in Nigeria and some parts of West Africa.
The Regulatory Framework is available from the CBN and it has got its own challenges which I had been trying to GET stakeholders to address in the last few months but to no avail.I hope they will soon realize the landmine ahead and set up a stakeholders meeting to review the framework.
The adoption of Mobile Money in Europe and Africa is also significantly different.In Europe,it may be an add-on but in Africa where millions are still left behind,it has so much potentials,just like what we have seen in Kenya.
The aim of the webinar is to help chart the way forward like you pointed out.The potential stakeholders cannot afford to make mistakes.
Thank you once again for our contribution.
I appreciate Mr Omoyale’s comments and his reservations about mobile money in Nigeria. Having said this what he needs to be aware of is that without allowing an ecosystem to develop we may end up with an Interswitch situation where a monopoly delivers substandard services to an unknowing public. I agree that Mobile Money in Europe and Africa should be treated differently.
Thank you Chief.
Chief!
Thanks for your comments. I do appreciate you comments and you need to realise,my Co provides one of the most secured epayment-epayment capabilities/software around as its good news as you inferred to break the jinx of interswitch amongst others,however my concern as Emmanuel also seems to understand that civilisation is not just about doing business and making money,but doing it the right way.
We cannot keep on doing the right thing the wrong way,there needs to be foundation-this the the only different between the western countries and 3rd word,as we both have the technology-infact from my experience in Europe you might be surprised the a lot of application resold from abroad to Africa do have a Nigeria ICT consultant input either directly or indirect.
The foundation involving all stakeholders from day zero.I remember when this issue came up about 6 months ago on linkedin,where we were informed the spokesman of zain was interviewed in which he said zain was starting mboile,the guy was asked doesn’t he need banking license to operate ,he foolishly said it wasn’t necessary.This is joke!The west never rush to ‘catch-up’ with a new technology without due deligience,they would not even embrace or publicize the technology with proper care.
I cannot go into the start of the epayment fruad in Nigeria right now,but its pure disaster and you need to remember the product were procured from overseas vendors without due regulatory-( the software needs to have undergone due testing and vetted by the financial regulator against possible citizenry risk exposure,this is paramount as we don’t currently have an avenue for compensating financial fraud victims like the west.(So makes me remember Emmanuel also need to invite insurance guys to the webinar).
So at the end of the day as they say what is worth doing at all it worth doing well.We will never leapfrog technology by not doing what the fathers of the technology did,it wouldn’t cut.We are still trying to recover from executive banking mess due lack of controls.
Emmanuel!
Can you send my link to the webinar registration .
Thanks
Chief!
Financial business without due care of all factors is a dangerous road to travel on.My Co is very deep inf mbanking/epayment software development.But l do notice in the west people don’t advertise technology solutions without first having related with regulators.
Whilst l’m very much for breaking of interswitch’s monopoly on banking micropayment techniques ,I cannot go into the state of fraud in epayment in Nigeria right now nad you need to realise the recklessness,ignorance ,arrogance and foolishness of the Zain spokesman who was interviewed about 3-4months ago who said Zain was launching mbanking but that it was not necessary to get authorisation for cbn-(which kind of country is this and this is the croix,what is worth doing is worth doing well’.
The regulators need education and this is where Emmanuel should pay the lead role,if the citizery loose the little money they have through fraud(direct or indirect)the ‘founding fathers’ of the product ,myself ,Emmanuel will be blamed in the future.I think we can accommodate everyone here
Dear Mr Omiyale,
Thank you for your comments.We are making efforts in that direction to get stakeholders together to review the guideline that was released by the regulator.At this point,we are talking to subject matter experts that will help in that direction.
It is not a bad start but it has got some landmines which MUST be addressed,early enough.
You also need to understand that Banks compete on a ‘How we compete Syndrome’ They will wait till a leading Bank or MNO takes the lead and they jump in.(Read my article on: Banking the Unbanked Africa:The Disconnections).
95 percent of the seat bookings for the webinar, are outside Nigeria.It is a shame.It was really meant for Nigerians in the first instance.
Please be kind to the spokesman from Zain.I do not know what He said but take it easy.It is all work and fun,I am sure He meant no harm.
Thank you.
Emmanuel Okoegwale
+234 8030818868
We see a synergy between mobile money and microfinance. As a rural microfinance organization we would like to explore this synergy. Emmanuel, can we talk some more by email please?
Emmanuel!
Thanks for the hard work you’re doing. Still l can’t get to register,what’s the link.
John!
You’re are right, there is a link with microfinance,but the business process it’ll take might be different from the the commericial banks,we are currently working along this line.
Dear Mr Omiyale,
Many Thanks.Will email you details.
Thank you.
I am excited about the move to get the mobile payment platform really started in Nigeria. Well, just like one of the writers already mentioned, there is need to get the CBN, Banks & Telcos on board. As a matter of fact, the CBN released not too long a document titled “Regulatory Framework for Mobile Payment Services in Nigeria” which I think you guys need to go through. Also, there is a CBN Working Group on Mobile Payments consisting of selected stakeholders that meets every other month and you guys may get them to be part of this meeting. Lastly, I am aware there is going to be a “Payments Conference” in Abuja sometime next month where all the various guidelines issued by the CBN in recent times are to be discussed with other stakeholders that are not part of the Working Group. I think you guys should plan to attend this conference.
There is basically no point fighting a lone battle when a platform already exist where guidelines/policy statements are being formulated. It is better to fight from within than without.
Regards,
Ade
Dear Kehinde,
Many Thanks.I actually posted a link for the Guidelines for stakeholders to download and review.Maybe the group activities are not public yet but I commend the initiative.I had been talking to others too on same.
If you can send more information about the group and contacts,It will be helpful.I will pass it around and will sure be at the event.
Thank you for your insights and contribution.
We appreciate your feedback.
Emmanuel Okoegwale
emmanuel@mobilemoneyafrica.com