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BANKING TECHNOLOGY, CARDS & PAYMENTS | Staff Reporter, Indonesia
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Here's what mobile banking & payments can do for businesses

There'll be 894m users by 2015, and emerging markets better be prepared.

In a release, Clariden Global will be hosting a 2-day summit, Mobile Banking & Payments for Emerging Asia Summit 2012 - themed "Unleashing the Potential of Mobile Channels to Penetrate Emerging Markets in Asia", on 8 to 9 October, at Conrad Bali.

Gartner Inc, stated earlier this May that the Asia-Pacific will be the largest market for mobile banking  in terms of the sheer number of users between 2011 and 2016. Emerging markets around the world have been embracing the mobile channel as a method to provide banking and financial services, with both banks and network operators working to reach out with solutions & pilots.

This has been especially true in emerging Asian countries with widespread geographies and differing range of development & facilities. Berg Insight estimated that there will be 894 million users globally by 2015, with growth being driven by efforts by operators and banks in developing countries (particularly in Asia) to bank the unbanked.

Mobile banking & payments hold the potential to improve lives across emerging markets. At the same time, a range of challenges must still be managed to reach commercialization and deliver customer value within this growing mobile ecosystem.

Practical Presentations and Discussions will revolve around:

  • Managing regulatory considerations within the m-banking ecosystem to enable implementation
  •  Building the m-banking and m-payments ecosystem in emerging markets
  •  Interoperability between stakeholders and services
  •  Proving the business case for mobile based banking and payment services for developing
  • Asian markets
  •  Working towards customer acceptance and adoption through education, ease of use & service choices available for customer segments
  •  Security versus convenience
  •  Mobile remittances - domestic and cross border remittances
  •  Mobile commerce - bringing SMEs and businesses into the ecosystem
  •  Future of mobile banking and payments services in emerging Asian markets

This event will be a timely opportunity to benchmark against industry leaders who are meeting business challenges within the mobile channel ecosystem and working to grasp 'real' growth opportunities in emerging Asian markets into 2013.  

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