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During the Mobile Money Summit, the GSMA announced that the first three applications to the Mobile Money for the Unbanked Fund have been approved to compete for the MMU Award.
The first MMU Award category will be part of the Asia Mobile Awards to be presented in Hong Kong at the Mobile Asia Congress on November 18th. The award will recognise the mobile money service or application that has had the most significant impact on unbanked customers in developing markets over the last year. The Asia Mobile Awards will open for entry in early July and close on September 15th. This new MMU category will also be included in the GSMA’s Global Mobile Awards.
Eligibility criteria for the MMU Fund:
- The project must involve providing mobile money services to unbanked customers living on under $2 per day;
- The mobile money service proposed must be innovative, market based and its development likely to be accelerated with the support of the MMU Fund;
- Applicants must explain why the project cannot readily obtain commercial finance or other sources of finance;
- Funding must be utilised within the project timeframe of 2 years.
The Bill & Melinda Gates Foundation provided $12.5 million to GSMA for the project…
About The Author
Dusan Belic
Dusan has been using smartphones since their introduction and is now following the latest trends in the industry. The "convergence" is what he's most excited about, and writing about it is the next logical thing to do. He thinks that using a smartphone is what everyone who cares about their time should do. In addition to his interests in mobile phones, Dusan also loves to experiment with the latest web and mobile 2.0 services. The idea of accessing and managing your information from any device no matter where you are simply amazes him. Whether it's an online to-do list, note taking service or a video sharing social network, he's there to try it out. He admits though, he's still searching for the ultimate web-based organizational tool, which "sings" perfectly with the mobile PIM application. Dusan used to run SymbianWatch.com which later became part of IntoMobile. He lives in Serbia, South-East Europe, from where he edits the site on a daily basis.
