The financial revolution in Africa: Mobile payment services in a new global agePublication by Josephine Osikena
This pamphlet builds on an FPC and UK Foreign Office event series, the first of which took place in March 2011, with a follow-up conference taking place in March 2012 – in association with the City of London Corporation and ‘This is Africa’ – the FT’s bi-monthly magazine. The events and publication brought together national and international experts and specialists from across the mobile payment service sector. The project aimed to develop and promote an evidence-based understanding of the risks and challenges associated with supervising mobile payment services and promoting their global expansion. This essay collection focuses on three core themes. The first explores how effective regulatory oversight might be developed. The second examines how expanding the provision of mobile payment schemes might improve the distribution of financial services and finally the third section critically assesses the future of branchless banking beyond issues of financial access. Essentially, it considers the challenges of increasing service use and integrating mobile money services into existing electronic payment systems.
The pamphlet contains contributions by: Mark Simmonds MP, UK Foreign Office Minister for Africa, Susie Lonie, Co-Creator of M-Pesa, Mireya Almazán and Claire Alexandre (formerly), Bill and Melinda Gates Foundation, Hemant Baijal and Sal Karakaplan, MasterCard, Simone di Castri, GSMA, Christine Hougaard, Cenfri, Quan Le, GMX Consulting, Prateek Shrivastava, Accendo Associate (and formerly at Monitise), Cicero Torteli, Freeddom and Josephine Osikena (ed.), Foreign Policy Centre.