Microfinance Moving Forward for Rural Banks John V. Owens RBAP‐MABS 2011 RBAP‐MABS Regional Roundtable Conference Hya= Hotel & Casino, Manila November 9, 2011
A presentation by Atty. John V. Owens that discuss market, competition, and branchless banking trends
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8. Widespread Mobile Banking Technologies SMS Banking
9. Mobile Money Platforms
10. Use of Card-based Banking
11. Lower Cost of Technology
12. Use of Third-Party Networks
13. Are you using ! Social Networking & Crowdsourcing !to
expand your market outreach?!
14. Inclusive Regulations Expansion of MBOs Introduction of
Micro-Savings Reduced KYC Change in Effective Interest Rate
Calculations Promotion of Consumer Protection Practices
15. Rural Bank Responses Market trend responses o Product
diversication and improved customer retention programs o Introduce
payment services Competitive responses o Use MBOs to reach
new/underserved areas o Introduce micro-deposits & mobile money
transfer as entry level product, up-sell other products/services o
Use third-party networks to outsource KYC, expand reach, and offer
new services
16. Rural Bank Response New Technology Adoption Deploy
Cash/Debit Card, Mobile Phone Banking, and Agent Channels! Upgrade
Core Banking Solutions! Utilize the Power of Social Networks!
Inclusive Regulation Adaptation Review and Share Pricing Structure!
Incorporate Consumer Protection Principles !
17. Things to watch out ...1. PricingTransparencyTieredPricing
2. CreditBureaus 3.LeverageTechnology 1. Outreach 2. Competition 3.
Efciency 4.SocialNetworksCrowdsourcing
18. Regular Branches Branches &Oces OBOs MBOs MIS
Technology ATMs Interfaces MobilePhones SocialNetworks POS Third
Cash/Debit/ATM partyNetworks cards Agents
19. Thank You Email: [email protected]
Websites:http://www.mobilephonebanking.rbap.org/
http://blog.mobilephonebanking.rbap.org/ Facebook: LinkedIn:
Twitter: johnvowens John Owens jvowens