Mobile Banking and Financial Inclusion [electronic resource] : The Regulatory Lessons / Michael Klein
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TextPublication details: Washington, D.C., The World Bank, 2011Description: 1 online resource (34 p.)Subject(s): Access to Finance | Banking | Banks & Banking Reform | Debt Markets | Emerging Markets | Finance and Financial Sector Development | Microfinance | Mobile Money | Payments System | Private Sector Development | Regulation | Technology IndustryAdditional physical formats: Klein, Michael.: Mobile Banking and Financial Inclusion.Online resources: Click here to access online Abstract: Mobile banking is growing at a remarkable speed around the world. In the process it is creating considerable uncertainty about the appropriate regulatory response to this newly emerging service. This paper sets out a framework for considering the design of regulation of mobile banking. Since it lies at the interface between financial services and telecoms, mobile banking also raises competition policy and interoperability issues that are discussed in the paper. Finally, by unbundling payments services into its component parts, mobile banking provides important lessons for the design of financial regulation more generally in developed as well as developing economies.
Mobile banking is growing at a remarkable speed around the world. In the process it is creating considerable uncertainty about the appropriate regulatory response to this newly emerging service. This paper sets out a framework for considering the design of regulation of mobile banking. Since it lies at the interface between financial services and telecoms, mobile banking also raises competition policy and interoperability issues that are discussed in the paper. Finally, by unbundling payments services into its component parts, mobile banking provides important lessons for the design of financial regulation more generally in developed as well as developing economies.
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