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PFIP mission, strategies

Pacific experiences and partners in branchless banking, mobile m oney & remittances Reuben Summerlin, Regional Financial Inclusion Advisor July 18, 2012. PFIP mission, strategies. Mission :

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PFIP mission, strategies

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  1. Pacific experiences and partners in branchless banking, mobile money & remittances Reuben Summerlin, Regional Financial Inclusion AdvisorJuly 18, 2012

  2. PFIP mission, strategies Mission: Increase the number of Pacific islanders who have on-going access to financial services and financial education by 500,000 Strategies: • Seek out and introduce new ways of serving hard-to-reach populations • Foster greater commitment, cooperation among regional stakeholders to build inclusive financial systems throughout the Pacific

  3. PFIP desired outputs (end of 2013)

  4. Partnerships • Agents • Client access • Client interface • Client education • Cash in/cash out • MNOs • Platform • Hardware • Lower cost • Geographic outreach • Distribution network • Regulators • E-money regulations • Agent regulations • KYC. Etc. • Banks/MTOs • Cash movers • Bank/MTO to agents • Bank/MTO to MM operator • Linked bank accounts • Donors • Capital, Technical Assistance, Advocacy

  5. PFIP’s BB, MM & remittance projects • Timor-Leste (INFUSE) • BB, MM Research • PNG • Distribution/agents • Technology • Product development • Fiji • Product development • TA in regulation/policy • Distribution • Technology • Solomon Islands • TA in regulation/policy • Product/Distribution • Vanuatu • Distribution • Technology • Tonga • Product development • Distribution • TA in regulation/policy • Samoa • Product development • TA in regulation/policy

  6. Thank you for your attention Email: reuben.summerlin@uncdf.org www.pfip.org

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