Representing Platinum Sponsor
The Western Union
Company, Hong Kong

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MUKESH BUBNA
Director, Prepaid Cards Asia Pacific, The Western Union Company, Hong Kong
Mr. Mukesh Bubna leads Western Union’s prepaid card services offering in the Asia Pacific. He heads and coordinates the company’s drive to expand prepaid cards in the region to diversify the channels by which consumers can access Western Union. In addition to their commercial benefits, prepaid cards have the potential to provide basic financial services to millions of people in developing countries with inadequate access to banks and other formal institutions. Mukesh joined Western Union in March 2012 after 13 years at Citibank in roles in India and the Asia Pacific. As a specialist in card services, Mukesh was formerly Regional Director of Cards and Chief Financial Officer of the Asia Pacific Credit Cards division at Citibank. Mukesh is a graduate of St. Xavier’s College and holds a CPA in accounting, taxation and finance from the Institute of Chartered Accountants of India. Based in Hong Kong, he is an avid traveler and reader and enjoys sports including swimming, hiking and dragon boat racing.


World Mobile Payment, Remittances & Financial Inclusion Conference 2013


  1. Overview
  2. Programme
  3. Gallery
  4. Delegates
  5. Exhibitors
  6. Exhibition Opportunities
  7. Sponsors' Profile
PROGRAMME
DAY ONE (13 June 2013)
08:00 Registration
09:00 Chairman’s introduction
09:15 Building strategic business and promoting the development of mobile payments, remittances and financial inclusion across Asia Pacific, Middle East, African, Europe and the region
10:00 Morning Refreshments
10:15 The current challenges faced by mobile payments and remittance industry and the critical role mobile technology is playing in the evolution of the business of mobile payment, remittances and financial inclusion
11:00 Accelerating mobile payment, remittances and financial inclusion through mobile technology
11:45 Establishing systems and processes to enhance safe and reliable money transfer, remittances and financial inclusion
12:30 Lunch
14:00 Branchless banking and challenges for mobile payment, remittances and financial inclusion
14:45 IT-enabled mobile payment and remittances and how to leverage technology for broad-basing financial inclusion initiatives
15:30 Afternoon Refreshments
15:45 Enhancing financial inclusion through mobile payments and remittances: challenges, approaches and success factors
16:30 Panel Discussion on operational guidelines for financial inclusion
17:00 End of Day One
DAY TWO (14 June 2013)
09:00 Chairman’s introduction
09:15 Technology standards for financial inclusion and e-security
10:00 Morning Refreshments
10:15 Making a case for banks and financial institutions to adopt mobile banking/payments
11:00 Deploying technology and strategies for optimizing financial inclusion
11:45 Looking ahead – a discussion on the future of mobile payments, remittances and financial inclusion: case studies from leading banks and mobile service providers
12:30 Lunch
14:00 Does the ability to do mobile money transfers equal financial inclusion?
14:45 Strategy on how to penetrate and extensively reach to new target markets for mobile payments, remittance and financial inclusion across Asia Pacific, Middle East, Europe and the region
15:30 Afternoon Refreshments
15:45 How can banks promote innovation and develop an integrated approach to tap the full rural banking revenue pool?
16:30 Panel discussion on various technology led models of remittances and financial inclusion
17:00 End of Conference

 

Taking a closer look at remittance industry…… and with over 7 billion mobile phones on the globe will be made available by 2015, mobile payments will undoubtedly play a key role in the future of financial services, including remittances business and financial inclusion.

The field of money transfer and remittances continues to change year by year. New actors in the market, new technologies, changes in regulations and ever more exacting compliance challenges demand that we offer a varied and dynamic agenda. Remittances provide a vital service for one of the key groups in the world today – migrant workers. It is essential that the industry players, large and small, work together to ensure that the customer has a choice of legitimate, efficient and cost effective services. According to the World Bank, officially recorded remittances were measured as being US$230 billion. However, given measurement uncertainties, notably about unrecorded remittances, actual flows may be much higher – perhaps by 50% or more. The intermediation of these money transfers is a hidden business gem with almost unlimited potential. New technology including mobile phones could vastly increase the reach of remittance services. With new and innovative mobile technology, the business of money transfer and remittances will achieve its maximum and full market potential with the development of series of new revenue models from various mobile technology interfaces with remittances and payments infrastructure that is currently in existence.

Another 2.5 billion customers worldwide…….the financial inclusion industry is a booming market, with a hidden business potential yet to be uncovered. Will mobile payment and remittances enhance financial inclusion, to meet the unbanked of estimated 2.5 billion customers worldwide?.

The concept of financial inclusion in banking scenario is delivery of banking services at an affordable cost to vast sections of disadvantaged and low-income groups. Banking services include credit, savings, insurance, payments and remittances which are essential and should be made available to the entire population without any discrimination. Financial inclusion is not only for social growth but a profitable proposition for banks. It entails the untapped market for the unbanked/under-banked areas, and represent a hard ignore growth opportunity. As such, financial inclusion is one of the top most policy priorities of the Government across Asia Pacific, Africa, Middle East, Europe and the region and the prospect of bringing more than 2.5 billion customers worldwide into the formal financial system would certainly would enrich and strengthen the global economy. With passage of time the means of achieving deeper and sustainable financial inclusion has shifted towards innovative methods and adoption of technology-led products. In this changed environment, mobile payment systems have become a critical component of financial inclusion for bringing the unbanked into the formal banking channels.

Against this backdrop, World Mobile Payment, Remittances & Financial Inclusion Conference 2013 is a timely platform for policy makers, central bankers and industry players across Asia Pacific, Middle East, Africa, Europe and the region, to discuss how to leverage from this hidden business potential yet to be uncovered. With the implementation of appropriate innovative mobile technology, there is plenty of new revenue stream to explore and tremendous profit margins for grab in this lucrative mobile payment, remittance and financial inclusion business.