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International Partnership Conference: Doing business with Africa Tenerife, March 2010

Why mobile payments? African and Latin American experiences. International Partnership Conference: Doing business with Africa Tenerife, March 2010. Laura Recuero Virto Economist Competitiveness and Structural Analysis Desk OECD Development Centre. Innovation and New Technologies.

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International Partnership Conference: Doing business with Africa Tenerife, March 2010

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  1. Why mobile payments? African and Latin American experiences International Partnership Conference: Doing business with Africa Tenerife, March 2010 Laura Recuero Virto Economist Competitiveness and Structural Analysis Desk OECD Development Centre

  2. Innovation and New Technologies Economic Outlooks • Economic overview & annual thematic focus • 2007: Water and sanitation • 2008: Technical & vocational skills • 2009: Innovation & ICT • 2010: Domestic Resource Mobilisation • 50 country chapters • Statistical annex and indicators • Economic overview & annual thematic focus • 2008: Development in Latin America (telecoms) • 2009: Fiscal Policy • 2010: Migration (mobile payments and remittances) • Special 2010 Report: Innovation in Latin America • Structural analysis of development challenges • 10 country notes

  3. Distribution networks Why mobile payments? The key success of mobile payments is the size of their distribution networks 3-10 Source: Wireless Intelligence (2008), Beck, Demirguc-Kunt and Martinez Peria (2005)

  4. Transaction costs (I) Why mobile payments? Latin America & Caribbean 11% 7.2% Transaction costs in remittances (percentage of total) Africa 12.3% 9.7% 4-10 Source: OECD Development Centre, based on Recuero Virto (2009)

  5. Country of origin (I) Why mobile payments? Latin America & Caribbean 8.9 5-10 Source: OECD Development Centre, based on Recuero Virto (2009)

  6. Country of origin (II) Why mobile payments? Africa 6.5 France and The Netherlands are the most promising countries of origin 6-10 Source: OECD Development Centre, based on Recuero Virto (2009)

  7. Volume of remittances Why mobile payments? ? ? Mobile payments are more likely in countries attracting large volumes of remittances 7-10 Source: OECD Development Centre, based on Recuero Virto (2009)

  8. Small amounts (I) Why mobile payments? Latin America & Caribbean 5% 1.2% Transaction costs in remittances (percentage of total) Africa 6.4% 3% 8-10 Source: OECD Development Centre, based on Recuero Virto (2009)

  9. From mobile payments to mobile banking? The need Regulation is essential for mobile payments, public incentives for mobile banking 9-10 Source: OECD Development Centre, based on Recuero Virto (2009)

  10. Africa’s economic portal for policymakers AEO.org AfricanEconomicOutlook.org • The latest developments in Africa’s economies • Brings together the data & research from eight years of AEO • Interactive database of all AEO data and statistics • Complete and updated country notes • Promotes original research by African researchers and institutions 10-10

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