Agricultural mobile finance is convenient, reduces costs, increases transparency, mitigates side-selling, promotes financial inclusion and much more, yielding benefits for all stakeholders in the value chain. This exciting session will profile the importance of farmer awareness and trust as well as of farmer input into the design and implementation of mobile money ecosystems, which engage private sector, financial institutions, donors and development implementers. Four presenters will highlight lessons learned and best practices that have emerged from Zambia, Ghana, Uganda, and Tanzania. Please join us as we open our session with stories about the use of electronic vouchers in Zambia (cotton) and Tanzania. We'll then move to how a bank collaborates with mobile-enabled, trusted village intermediaries in Uganda, followed by how mobile finance can be used as a channel for an input supplier financing scheme with a financial institution, input supplier and buyer in Ghana (cocoa). We'll conclude with discussion of the three approaches to jumpstarting an agricultural mobile finance ecosystem.
Mark Pickens is a senior business leader in the emerging market digital team at Visa. Pickens joined Visa in 2011 with a decade of experience designing financial products for unbanked consumers and helps Visa generate IP by driving new business models in emerging markets. Pickens coordinates the consumer-facing product and regulatory work for the Visa Rwanda team.