Can we imagine a world without banks?
The intriguing experience of mobile money pioneer M-PESA
April, 27th 2016 at 12 p.m.
Auditorium of KBC, Havenlaan 2, 1080 Brussels
When Michael Joseph talks about mobile money, you should listen. Michael shared his vision on financial inclusion and how mobile technology is creating new opportunities to provide services at the bottom of the pyramid.
Michael Joseph is currently employed by Vodafone Group Services Limited as the Director of Mobile Money and is responsible for leading the strategic growth and development of the successful M-PESA proposition across the Vodafone footprint. He was one of the firrst World Bank Fellows, appointed in March 2011 to advise Governments, Regulators and other institutions on Mobile Money and other ICT initiatives. Previously, Michael was the founding CEO of Safaricom Limited, steering the company from a subscriber base of less than 18,000 in 2000 to over 17 million subscribers at his retirement in November 2010.
After the success of the mobile payment service and its introduction in Asia and Europe, the sky seems to be the limit with new services such as savings, borrowings and micro-insurance. Do banks, microfinance institutions and micro-insurers have to be concerned of being made redundant? Or should they rather embrace this (r)evolution and look for new partnerships to increase their outreach and create value for their clients?
Watch the full video coverage hereunder.
The short version of the video hereunder.