5 June 2013

PSDI briefs Timor-Leste officials on branchless banking

Dili, Timor-Leste, 5 June 2013 – ADB hosted a briefing for representatives of the Government of Timor-Leste on 5 June 2013, outlining the opportunities and challenges presented by branchless banking initiatives in the country. Conducted with the Inclusive Finance for the Underserved Economy (INFUSE) programme, the briefing presented findings of a PSDI-funded assessment and INFUSE-funded market research in 2011/2012. The briefing was attended by the Minister for Social Solidarity, representatives of the Central Bank of Timor-Leste and other stakeholders. Participants discussed the findings of the assessment and recommended policy responses by the Government. There are challenges to developing branchless banking services in Timor-Leste, but also recent positive developments, including (i) the introduction of  new and improved mobile telecommunications services and (ii) increased interest of commercial banks in upgrading their banking infrastructure to enable branchless banking services.

Download the presentation and brief summary of the assessment:
  • ADB: Branchless Banking Assessment - Findings - June 2013  | http://bit.ly/103RnWf
  • Branchless Banking in Timor-Leste  | http://bit.ly/12UskZn