On June 27th, mobile money leaders from all over the world convened in Singapore for the 2011 GSMA Mobile Money Summit.  Keynote presentations and discussion topics included:

• State of the Industry
• NFC Takes Center Stage
• Untapped Markets and Opportunities for Mobile Money
• Innovation in mPayments: What’s Hot?
• Delivering Innovation in mPayments

Although the Kopo Kopo team was in Nairobi and San Francisco at the time of the summit, we found the following Tweets particularly interesting: 

Implication: The mobile money industry is thinking BIG.

Implication: The era of closed mobile money systems may be coming to an end.

Implication: Mobile money lowers consumer opportunity costs. 

Implication: Mobile money may finally be ready to take off in India. 

Implication: Pay attention to Latin America in 2011-12.

Implication: Some operators are taking big bets on near field communication (NFC).

Implication: Person-to-Person mobile money transfer is only the beginning.  

Implication: Mobile money providers are not waiting for mobile money platform vendors to catch up. 

For more information on the 2011 Mobile Money Summit, check out the notes from Day 1 (here) and Day 2 (here).  

Ben Lyon, VP of Business Development