Pacific experiences and partners in branchless banking, mobile

money & remittances

Reuben Summerlin, Regional Financial Inclusion AdvisorJuly 18, 2012

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 populationsFoster greater commitment, cooperation among regional stakeholders to build inclusive financial systems throughout the Pacific

PFIP desired outputs (end of 2013)

Better policies, regulation, and

coordinated actions

Scalable and replicable projects

with lower cost delivery channels

Better market information and

access to knowledge

Informed and competent consumers

500,000

PartnershipsAgents• 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

Mobile Money/

Remittances

Regulation

Financial Sector

Mobile Network

Agents

Donors• Capital, Technical Assistance, Advocacy

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

Thank you for your attention

Email: reuben.summerlin@uncdf.orgwww.pfip.org