Mobile Money II

Friday, November 5, 2010
Columbia Institute for Tele-Information
Columbia Business School
Uris Hall 330

In April 2010 CITI held its first conference on "Mobile Money", focusing on the macroeconomic aspects. Since then, developments have accelerated. Around the world, the rapid spread of mobile phones is being followed by their use as a tool for financial transactions. The cell phone serves as a bank account, debit card, and money creator.

Developing countries lack effective financial infrastructure. The positive economic impact of the mobile telecommunications infrastructure has been demonstrated, as has been the ability of microfinance to stimulate economic activity. Now a hybrid of the technologies has begun to emerge, enabling a mobile financial system. A notable example is Kenya where the M-PESA system ('m-money' in Swahili) has transferred in its short history over $5.4 billion by 12 million customers.

This conference addresses some of the following issues:

  • What are the economics of mobile money?
  • What policy issues does it raise?
  • Is m-money a threat to the traditional banking system?
  • How might it be regulated?
  • Security issues
  • Consumer protection perspectives
  • Investor perspectives
  • Indicators for demand
  • M-money and m-health
  • What are consumer and privacy protection issues?
  • Who will control the system—banks or telecom operators?
  • What are the emerging trends?



Mobile Money II

Agenda

9:00 am — Welcome & Introduction
Eli Noam, Director, CITI, Columbia Business School

9:15 am — What are the Issues/Needs?
Micro-finance & Mobile Money in Developing Countries, Elizabeth Berthe, Grameen Foundation
Mobile Payment systems in Africa, Lazarus Muchenje, Celpay (Africa)*
The View from the Banks: Mobile money/payments strategy, Jared Miller, Citibank
Moderator: Judith O'Neill, Nakhota, LLC

9:45am — Overview
The Enigma of Mobile Money Systems, Judith Mariscal & Ernesto M. Flores-Roux
Investor's View of Mobile Money, Andi Dervishi, International Financial Corporation
The adoption and impact of mobile money in Kenya: results of a panel survey, William Jack, Georgetown University
Moderator: Bill Hoffman, World Economic Forum

11:15am — Coffee break

11:30am — Financial & Regulatory Issues
Mobile-money Laundering, Thaer Sabri, Electronic Money Association (United Kingdom)
How Secure is Mobile-Money? The Case of M-Pesa, Nicholas Norman, Consult Hyperion (United Kingdom)
Mobile Money & Payments Issues, Leon Perlman, Wireless Application Service Providers' Association (South Africa) & Cellular Online
Moderator: Mohammed Alotaibi, Carnegie Mellon University

12:30 pm — Lunch
Mobile-money in Developing Countries, Ignacio Mas, Financial Services for the Poor at The Bill & Melinda Gates Foundation

2:00pm — Additional Financial Issues
Consumer Protection? Philip Keitel, Federal Reserve of Philadelphia
Insights into user needs and perspectives: anthropology, money, and mobile money, Bill Maurer, University of California Irvine
DoCoMo's Experience, Hajime Kii, NTT DoCoMo*
The Carrier's View, Aditya Khurjekar, Verizon Wireless*
Moderator: Neal Stolleman, United States Treasury

3:00pm — Coffee Break

3:15pm — Mobile-money for Developing Countries
The G-20's Principles for Innovative Financial Inclusion: Strengthening the Evidence-Base, Sjoerd Nikkelen, The World Economic Forum
mHealth & Mobile Money: A Case Study, Menekse Gencer, Director/Founder of mPay Connect
Moderator: Avin Arumugam, Columbia Business School & University of California — Berkeley

4:00pm — Summary Comments
James Alleman, Professor Emeritus, University of Colorado — Boulder

4:15pm — Reception
* To be confirmed

Cost: $100 corporations; non-profits/government $20/students $10 without lunch (with lunch $20)
Conference Organized by James Alleman, Mohammed Alotaibi, Avin Arumugam, Bill Hoffman, Eli Noam, Leon Perlman, and the Columbia Institute for Tele-Information