9th Mobile Money & Agent Banking Summit 2018

9th Mobile Money & Agent Banking Summit 2018 

PARKROYAL Yangon Hotel

Address: 33 Alan Pya Phaya Road, Dagon Township, Yangon, Myanmar
Phone: +95 1 250 388

Date: February 7 - 8, 2018

Emerging countries such as Myanmar are banking on mobile money operations to propel the country further forward. Financial inclusion is essential to economic development in such emerging markets where successful implementation of digital finance systems could increase GDPs of all emerging economies by 6%, or a total of $3.7 trillion, by 2025.

Digitization will bring millions into the financial system where users can leapfrog straight into mobile money platforms especially in countries where trust and penetration in traditional banking methods are low. With landmark updates in mobile financial services regulation and the recent approvals for Wave Money, M-Pitesan and OK Dollar to take off in Myanmar, experts are optimistic that the 90% unbanked, who are currently extremely financially active but outside of the formal banking system will eventually be included through mobile money.