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Webinar: Mobile Finance in Agricultural Value Chains

Andrea_Jimenez's picture
[News]

USAID's FACET project hosted a webinar that looked at how mobile finance (mobile money, mobile banking and mobile phone based applications) is changing the understanding of value chain finance and the benefits it can bring to all stakeholders along the value chain, specifically agribusinesses and unbanked smallholder farmers.

The adoption rate for mobile phones in sub-Saharan Africa has been well documented and there is now a convergence with formal and informal banking technologies. This has significant impact and opportunity for those in agricultural value chains, both in terms of operational efficiency for business, and greater financial inclusion for the currently unbanked farmer. This webinar considered the use of mobile finance to increase financial inclusion of the rural population, as well as the business case for agri businesses and technology firms. The webinar and briefing paper examined the case studies of 3 financial service providers – Zoona in Zambia, SmartMoney in Tanzania and Opportunity Bank Malawi.

This event already happened. To watch a recording, visit https://ictforag.adobeconnect.com/_a1140345908/p1vqvjasiv8/

Agenda
9:00 Introduction
9:05 How mobile finance can support ag
9:10 Mobile money vs mobile banking
9:15 MNO-led, 3rd provider-led and bank-led models
9:20 Case studies of Zoona, SmartMoney and OBM
9:40 Conclusions
9:45 Q&A
10:00 End
 
Speaker Bios
Lee H. Babcock (co-author)
Technical Managing Director, ACDI/VOCA
As head of the Mobile Strategy unit, Lee Babcock integrates mobile solutions into ACDI/VOCA’s agriculture development projects worldwide. The three components of the unit are; mobile finance, M&E and data. Mobile solutions make value chains more transparent, convenient and safe while reducing costs. Meanwhile, mobile finance has the potential to do for village based economies at the Base of the Pyramid what commercial banking did for the industrial revolution. With 25+ years experience in the private sector, Silicon Valley, two business start-ups, international development and a PhD specialization in E-Business, Lee formulates strategies, creates partnerships and designs programs.
 
Chris Statham (lead-author)
Founder, www.mobilemoneyconsultancy.com
Chris comes from a private sector background, where he worked in both multinationals and an SME in the respective commercial departments. For the last 5.5 years has been working and living as an independent consultant in Africa. He has worked on over 100 contracts, including: business analyst, developing business plans, marketing strategy, financial planning, project evaluation, development of policies and procedures manuals, product development, grant writing and training of trainers. This has been for over 40 (wide ranging) organisations: Micro Finance Institutions, commercial banks, NGOs, donors, farm associations, cooperatives, and the private sector. He has focused on the financial sector, specifically microfinance in which he has a post degree certificate and has helped bring mobile financial services to clients though Alternative Payment Channels - Mobile Money Transfer (MMT), POS and ATM.
 
Michael Spencer
CEO and Project Manager, SmartMoney
Michael Spencer is a senior implementation manager and veteran entrepreneur specializing in strategic planning, resourcing and project management for large-scale financial services and ICT projects. Michael has 25+ years experience leading the implementation of large finance and technology projects for Fortune 500 companies such as Goldman Sachs, Credit Suisse, Bank of New York, Lloyds of London, British Telecom and others. Michael has a broad range of financial services experience ranging from master trust/custody to equity capital markets and private banking. Michael also has significant technology implementation experience ranging from consumer-facing web and social media projects to mainframes and mobile. Michael has extensive project management experience leading projects with budgets as large as $250M involving 50+ technologists and 30+ vendors.

 

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