The Regulation of Mobile Money - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Regulation of Mobile Money write by Sunduzwayo Madise. This book was released on 2019-03-26. The Regulation of Mobile Money available in PDF, EPUB and Kindle. The emergence of mobile money and other new forms of payment has changed the sovereign foundations of money. Starting as a Department for International Development funded project in Kenya, mobile money has now spread to many developing countries. This book looks at the regulatory issues that mobile money poses, and the potential risks to the financial system. It undertakes a comparative study of mobile money regimes in Kenya, Malaŵi, Tanzania, and South Africa. Although the main study is on Malaŵi, the lessons learnt are valuable to Sub Saharan Africa in understanding the regulatory issues surrounding mobile money. The main argument that this book makes is that the traditional regulatory architecture of supervising the financial services is ill-suited to supervise new forms of money like mobile money. With no requirement for a bank account, mobile money is not subject to prudential regulation. Mobile money is now considered a key developmental tool to achieve financial inclusion among the poor, rural based, unbanked, and underbanked. As opposed to traditional additive forms of financial inclusion, mobile money is transformative. In most jurisdictions where it has been launched, mobile money has largely been regulated using light-touch, with regulation following innovation. This work, however, proposes an approach based on the concept of really responsive regulation. This approach is best suited to embrace mobile money as it passes from the pre-financial inclusion to the post-financial inclusion phases of its evolution. This book will appeal to students and academics in the financial regulation field.
The World Bank Research Observer
The World Bank Research Observer - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The World Bank Research Observer write by . This book was released on 2003. The World Bank Research Observer available in PDF, EPUB and Kindle.
The Exclusionary Politics of Digital Financial Inclusion
The Exclusionary Politics of Digital Financial Inclusion - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Exclusionary Politics of Digital Financial Inclusion write by Serena Natile. This book was released on 2020-01-20. The Exclusionary Politics of Digital Financial Inclusion available in PDF, EPUB and Kindle. Focusing on Kenya’s path-breaking mobile money project M-Pesa, this book examines and critiques the narratives and institutions of digital financial inclusion as a development strategy for gender equality, arguing for a politics of redistribution to guide future digital financial inclusion projects. One of the most-discussed digital financial inclusion projects, M-Pesa facilitates the transfer of money and access to formal financial services via the mobile phone infrastructure and has grown at a phenomenal rate since its launch in 2007 to reach about 80 per cent of the Kenyan population. Through a socio-legal enquiry drawing on feminist political economy, law and development scholarship and postcolonial feminist debate, this book unravels the narratives and institutional arrangements that frame M-Pesa’s success while interrogating the relationship between digital financial inclusion and gender equality in development discourse. Natile argues that M-Pesa is premised on and regulated according to a logic of opportunity rather than a politics of redistribution, favouring the expansion of the mobile money market in preference to contributing to substantive gender equality via a redistribution of the revenue and funding deriving from its development. This book will be of particular interest to scholars and students in Global Political Economy, Socio-Legal Studies, Gender Studies, Law & Development, Finance and International Relations.
Law and Regulation of Mobile Payment Systems
Law and Regulation of Mobile Payment Systems - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Law and Regulation of Mobile Payment Systems write by Joy Malala. This book was released on 2017-11-28. Law and Regulation of Mobile Payment Systems available in PDF, EPUB and Kindle. Over the last ten years mobile payment systems have revolutionised banking in some countries in Africa. In Kenya the introduction of M-Pesa, a new financial services model, has transformed the banking and financial services industry. Giving the unbanked majority access to the financial services market it has attracted over 18 million subscribers which is remarkable given that fewer than 4 million people in Kenya have bank accounts. This book addresses the legal and regulatory issues arising out of the introduction of M-Pesa in Kenya and its drive towards financial inclusion. It considers the interaction between regulation and technological innovation with a particular focus on the regulatory tools, institutional arrangements and government decisional processes through the examination as a whole of its regulatory capacity. This is done with a view to understanding the regulatory capacity of Kenya in addressing the vulnerabilities presented by technological innovation in the financial industry for consumers after financial inclusion. It also examines the way that mobile payments have been regulated by criticising the piecemeal approach that the Central Bank of Kenya has taken in addressing the legal and regulatory issues presented by mobile payments. The book argues there are significant gaps in the regulatory regime of mobile banking in Kenya.
Oversight Issues in Mobile Payments
Oversight Issues in Mobile Payments - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Oversight Issues in Mobile Payments write by Tanai Khiaonarong. This book was released on 2014-07-15. Oversight Issues in Mobile Payments available in PDF, EPUB and Kindle. This paper examines oversight issues that underlie the potential growth and risks in mobile payments. International experience suggests that financial authorities can develop effective oversight frameworks for new payment methods to safeguard public confidence and financial stability by establishing: (i) a clear legal regime; (ii) proportionate AML/CFT measures to prevent financial integrity risks; (iii) fund safeguarding measures such as insurance, similar guarantee schemes, or “pass through” deposit insurance; (iv) contingency plans for operational disruptions; and (v) risk controls and access criteria in payment systems. Such measures are particularly important for low-income countries where diffusion is becoming more widespread.
