Oversight Issues In Mobile Payments

Oversight Issues in Mobile Payments PDF
Author: Tanai Khiaonarong
Publisher: International Monetary Fund
Category : Business & Economics
Languages : en
Pages : 35
View: 4578

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Book Description:
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.


Bitcoin And Mobile Payments

Bitcoin and Mobile Payments PDF
Author: Gabriella Gimigliano
Publisher: Springer
Category : Business & Economics
Languages : en
Pages : 314
View: 5194

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Book Description:
This book provides a critical analysis of The European Union’s regulatory framework for mobile payments and bitcoin. Chapters discuss the creation of the EU single market for e-payments and combine legal analysis with comparative case studies in their exploration of the regulatory challenges surrounding e-payments. The contributing authors analyse the key economic and legal issues of the development of bitcoin and mobile payments within the EU framework through a comparative lens. They cover topics ranging from user data and funds protection and the stability of the payment system to the competitiveness of the EU market. Providing a comprehensive and methodological guide to the bitcoin and mobile payments in Europe, this book will prove an illuminating and informative read for academics, students and policy makers with an interest in the impact of innovation on payment systems.


West African Economic And Monetary Union Selected Issues

West African Economic and Monetary Union  Selected Issues PDF
Author: International Monetary Fund. African Dept.
Publisher: International Monetary Fund
Category : Business & Economics
Languages : en
Pages : 70
View: 4178

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Book Description:
In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.


Law And Regulation Of Mobile Payment Systems

Law and Regulation of Mobile Payment Systems PDF
Author: Joy Malala
Publisher: Routledge
Category : Law
Languages : en
Pages : 272
View: 734

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Book Description:
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.


Bringing E Money To The Poor

Bringing E money to the Poor PDF
Author: Thyra A. Riley
Publisher: World Bank Publications
Category : Business & Economics
Languages : en
Pages : 242
View: 915

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Book Description:
Moving toward universal access to financial services is within reach, thanks to new technologies, transformative business models, and ambitious reforms. Instruments such as e-money accounts and mobile accounts, along with debit cards and low-cost traditional bank accounts, can significantly increase financial access for those who are excluded. Bringing e-Money to the Poor: Successes and Failures examines the lessons of success from four country case studies of “gazelles†?†•Kenya, South Africa, Sri Lanka, and Thailand†•that leapt from limitation to innovation by successfully enabling the deployment of e-money technology. These countries have thereby transformed the landscape of financial access to their poor. In addition, two country case studies (Maldives and the Philippines) yield lessons learned from constraints that stalled e-money deployments. Because technology is not a silver bullet, the case studies also explore other strategic elements that need to be in place for a country to expand access to financial services through digital technology.


Bank Quest

Bank Quest PDF
Author:
Publisher:
Category : Banks and banking
Languages : en
Pages :
View: 2000

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Economic Review

Economic Review PDF
Author: Federal Reserve Bank of Kansas City
Publisher:
Category : Agriculture
Languages : en
Pages :
View: 6994

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Book Description: