Mobile Financial Services Summit

Manila, Philippines 10 12 September / 2012

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About the trade show

The last five years have seen a dramatic increase in the use of the mobile device for financial transactions, revolutionizing the way people receive financial services across the globe. Mobile Financial Services (MFS ) have become a key long-term strategy for banks, financial institutions, mobile network operators (MNOs) and retailers worldwide. All have identified MFS as an opportunity to achieve considerable growth and as an area in which they must keep up with consumer needs.

Analysts estimate mobile commerce will reach €500 billion by 2014 from a combination of in-store payments, remote payments, domestic person-to-person transfers and international remittance.

Leveraging on the rapid penetration of mobile phones in developing markets, Mobile Network Operators and Financial Institutions are delivering new financial products to the previously unbanked masses. With nothing more than a mobile phone, individuals can deposit, store, and withdraw cash and safely make the money transfers so critical to day-to-day life.

In developed markets, the staggering penetration of smart phones has placed a powerful computer in your pocket. Limitless services are driving the transformation of the mobile phone beyond a communication tool to a transactional tool. Both online and in stores, mobile payments are changing the way customers browse through a store's products, receive perks and discounts, and pay at checkout. Contactless NFC payments make life simpler for millions of consumers and commuter, enabling faster transactions and convenience, while maintaining high levels of security
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Location

Address: Manila, Philippines
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