The Enabling Environment for Mobile Banking in Africa

Abstract

The project required collaboration among a number of entities on three continents: the Financial Sector Team within the Policy Division of DFID UK financed and supported the main project (Justin Highstead); and two country financial sector programmes, FSD in Kenya (David Ferrand) and FinMark Trust in South Africa (Jeremy Leach), financed and facilitated the country-level information gathering processes. Country correspondents Keith Smith (South Africa) and Stefan Staschen (Kenya) played a vital information gathering and facilitation role in each of the pilot countries. We collaborated throughout with a parallel and related CGAP project on branchless distribution in financial services, of which mobile banking is an emerging part. The CGAP team led by Tim Lyman and Gautam Ivatury provided valuable insights and context from their reference countries. In addition, the Central Bank of Kenya convened a project team to complete the country template, and then hosted a country workshop in Nairobi, Kenya in March 2006. Various providers completed questionnaires during the projects, and participated with regulators and support agencies at the final overall project workshop in Johannesburg in late March 2006. Tim Manion and Chris Lee assisted me with the background research in Boston. My thanks are due to all these for their help and support throughout. David Porteous May 2006