Download or read book The World Bank Research Observer written by and published by . This book was released on 2003 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Law and Regulation of Mobile Payment Systems written by Joy Malala and published by Routledge. This book was released on 2017-11-28 with total page 154 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book The Regulation of Mobile Money written by Sunduzwayo Madise and published by Springer. This book was released on 2019-03-26 with total page 436 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Oversight Issues in Mobile Payments written by Tanai Khiaonarong and published by International Monetary Fund. This book was released on 2014-07-15 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book FinTech in Sub Saharan African Countries written by Mr.Amadou N Sy and published by International Monetary Fund. This book was released on 2019-02-14 with total page 61 pages. Available in PDF, EPUB and Kindle. Book excerpt: FinTech is a major force shaping the structure of the financial industry in sub-Saharan Africa. New technologies are being developed and implemented in sub-Saharan Africa with the potential to change the competitive landscape in the financial industry. While it raises concerns on the emergence of vulnerabilities, FinTech challenges traditional structures and creates efficiency gains by opening up the financial services value chain. Today, FinTech is emerging as a technological enabler in the region, improving financial inclusion and serving as a catalyst for the emergence of innovations in other sectors, such as agriculture and infrastructure.

Download or read book World Development Indicators 2015 written by World Bank and published by World Bank Publications. This book was released on 2015-04-10 with total page 171 pages. Available in PDF, EPUB and Kindle. Book excerpt: World Development Indicators 2015 World Development Indicators 2015 provides a compilation of relevant, highquality, and internationally comparable statistics about global development and the fight against poverty. It is intended to help policymakers, students, analysts, professors, program managers, and citizens find and use data related to all aspects of development, including those that help monitor progress toward the World Bank Group’s two goals of ending poverty and promoting shared prosperity. Six themes are used to organize indicators—world view, people, environment, economy, states and markets, and global links. As in past editions, World Development Indicators reviews global progress toward the Millennium Development Goals (MDGs) and provides key indicators related to poverty. WDI 2015 includes: * A selection of the most popular indicators across 214 economies and 14 country groups organized into six WDI themes * Thematic and regional highlights, providing an overview of global development trends * An in-depth review of the progress made toward achieving the Millennium Development Goals * A user guide describing resources available online and on mobile apps A complementary online data analysis tool is available this year to allow readers to further investigate global, regional, and country progress on the MDGs: data.worldbank.org/mdgs. Each of the remaining sections includes an introduction; six stories highlighting specific global, regional or country trends; and a table of the most relevant and popular indicators for that theme, together with a discussion of indicator compilation methodology. WDI DataFinder Mobile App Download the WDI DataFinder Mobile App and other Data Apps at data.worldbank.org/apps. WDI DataFinder is a mobile app for browsing the current WDI database on smartphones and tablets, using iOS, Android, and Blackberry, available in four languages: English, French, Spanish, and Chinese. Use the app to: * browse data using the structure of the WDI * visually compare countries and indicators * create, edit, and save customized tables, charts, and maps * share what you create on Twitter, Facebook, and via email

Download or read book E Money Prudential Supervision Oversight and User Protection written by Mr. Marc C Dobler and published by International Monetary Fund. This book was released on 2021-12-14 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: This departmental paper discusses the evolving prudential frameworks for nonbank issuers of electronic money. Some jurisdictions take a relatively light-touch approach to regulating electronic money issuers (EMIs). Others have sought to apply more stringent requirements to protect electronic money (e-money) users, as the sector has grown in importance. The paper aims to build on previous IMF staff contributions to the literature and to draw policy conclusions for strengthening e-money regulatory regimes; in particular in jurisdictions where issuers, individually or collectively, have grown to a size to which they are of macro-financial importance (see below). Chapter 2 provides background on the development of e-money, its economic benefits, and potential risks. Chapter 3 discusses prudential supervision of EMIs, followed in Chapter 4 by their oversight from a payments system perspective. Chapter 5 discusses potential additional measures for user protection and contingency arrangements for EMI failure. The last chapter presents policy recommendations for policymakers, especially in those emerging market economies and developing countries wherein EMIs have reached a scale at which they could have a significant economic impact if they were to fail.

Download or read book World Development Report 2016 written by World Bank Group and published by World Bank Publications. This book was released on 2016-01-14 with total page 359 pages. Available in PDF, EPUB and Kindle. Book excerpt: Digital technologies are spreading rapidly, but digital dividends--the broader benefits of faster growth, more jobs, and better services--are not. If more than 40 percent of adults in East Africa pay their utility bills using a mobile phone, why can’t others around the world do the same? If 8 million entrepreneurs in China--one third of them women--can use an e-commerce platform to export goods to 120 countries, why can’t entrepreneurs elsewhere achieve the same global reach? And if India can provide unique digital identification to 1 billion people in five years, and thereby reduce corruption by billions of dollars, why can’t other countries replicate its success? Indeed, what’s holding back countries from realizing the profound and transformational effects that digital technologies are supposed to deliver? Two main reasons. First, nearly 60 percent of the world’s population are still offline and can’t participate in the digital economy in any meaningful way. Second, and more important, the benefits of digital technologies can be offset by growing risks. Startups can disrupt incumbents, but not when vested interests and regulatory uncertainty obstruct competition and the entry of new firms. Employment opportunities may be greater, but not when the labor market is polarized. The internet can be a platform for universal empowerment, but not when it becomes a tool for state control and elite capture. The World Development Report 2016 shows that while the digital revolution has forged ahead, its 'analog complements'--the regulations that promote entry and competition, the skills that enable workers to access and then leverage the new economy, and the institutions that are accountable to citizens--have not kept pace. And when these analog complements to digital investments are absent, the development impact can be disappointing. What, then, should countries do? They should formulate digital development strategies that are much broader than current information and communication technology (ICT) strategies. They should create a policy and institutional environment for technology that fosters the greatest benefits. In short, they need to build a strong analog foundation to deliver digital dividends to everyone, everywhere.

Download or read book Financial Inclusion and Digital Transformation Regulatory Practices in Selected SADC Countries written by Howard Chitimira and published by Springer Nature. This book was released on 2023-03-28 with total page 379 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book investigates the regulation and promotion of financial inclusion and provides a comparative analysis of the regulation, promotion and enforcement of the relevant laws in the SADC (in particular, South Africa, Namibia, Botswana and Zimbabwe), as well as the challenges of financial inclusion. In turn, it evaluates financial inclusion in the context of specific challenges faced by unbanked and underbanked customers, who are easy targets for cyber criminals because they tend to have lower levels of digital literacy. The book presents novel discussions that identify the challenges and flaws associated with the enforcement of financial inclusion laws and related measures intended to promote financial inclusion in the SADC region. This is primarily done in order to reveal the current strengths and weaknesses of financial inclusion laws in relation to certain aspects of the companies, securities and financial markets in the region. For example, there is no common financial inclusion instrument/law that is effectively and uniformly applied throughout the SADC. This has impeded the enforcement authorities’ efforts to effectively combat financial exclusion across the region.The book is likely the most comprehensive study to date on the regulation and promotion of financial inclusion in the SADC region and fills a major gap in SADC and African legal jurisprudence. As such, it offers a valuable asset for policymakers, attorneys, bankers, securities (share) holders, and other market participants who deal with financial inclusion, as well as undergraduate and graduate students interested in the topic.

Download or read book Crowdfunding and Sustainable Urban Development in Emerging Economies written by Benna, Umar G. and published by IGI Global. This book was released on 2018-02-28 with total page 367 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic and societal systems continually evolve as the needs and demands of society change. With the development of new technologies, research, and discoveries, various opportunities emerge for venture development and developing economies. Crowdfunding and Sustainable Urban Development in Emerging Economies provides innovative research on current issues in the rise of new platforms for digital activities, a collaborative economy, crowdsourcing, crowdfunding, and other activities that are shaping developing countries. Highlighting a range of pertinent topics, such as infrastructure finance, tertiary educational institutions, and urban sustainability, this book is an important resource for academicians, practitioners, researchers, and students.

Download or read book Mobile Policy Handbook written by and published by . This book was released on 2016 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Concepts Cases and Regulations in Financial Fraud and Corruption written by Rafay, Abdul and published by IGI Global. This book was released on 2023-03-07 with total page 441 pages. Available in PDF, EPUB and Kindle. Book excerpt: During the last few decades, financially and technologically corrupt practices, such as financial and technological crimes, frauds, forgeries, scandals, and money laundering, have been monitored in many countries around the globe. There is a general lack of awareness regarding these issues among various stakeholders including researchers and practitioners. Concepts, Cases, and Regulations in Financial Fraud and Corruption considers all aspects of financial and technological crimes, frauds, and corruption in individual, organizational, and societal experiences. The book also discusses the emergence and practices of financial crimes, frauds, and corruption during the last century and especially in the current technological advancement. Covering key topics such as financing, ethical leadership, tax evasion, and insider trading, this premier reference source is ideal for computer scientists, business owners, managers, researchers, scholars, academicians, practitioners, instructors, and students.

Download or read book Advancing Africa s Sustainable Development written by Alain L. Fymat and published by Cambridge Scholars Publishing. This book was released on 2018-11-14 with total page 502 pages. Available in PDF, EPUB and Kindle. Book excerpt: While many African countries lag behind the rest of the industrialised world in scientific and medical research and development, the situation is progressively improving. This is why the Society for the Advancement of Science in Africa was established, to contribute to economic advancement and sustainability through science research, education and innovation. This book provides a selection of papers from the Advancement of Science in Africa’s fourth annual conference. The conference was held under the overarching theme of ‘science, technology and innovation in Africa’, with several important sub-themes, including, but not limited to, improving health research and disease surveillance education; collaborating in research responding to epidemic diseases with high mortality in Africa; and promoting women’s interest in science careers. The collection illustrates how, although the chapter contributors come from various countries and universities, representing their own academic research, they all share a common interest in advancing science, technology and innovation in Africa.

Download or read book Protecting Mobile Money against Financial Crimes written by Pierre-Laurent Chatain and published by World Bank Publications. This book was released on 2011-02-24 with total page 234 pages. Available in PDF, EPUB and Kindle. Book excerpt: Mobile Money is a booming industry in an increasing number of countries worldwide. The project results from increased demand for guidance and technical assistance from governments after the 2008 publication of an exploratory paper, Integrity in Mobile Phone Financial Services, which discussed mobile money and the application of international anti-money laundering (AML) and combating the financing of terrorism (CFT) standards. For most, how to craft a regulatory regime that expands access to financial services to the poor through the development of mobile phone financial services, but compliant with AML/CFT standards remains elusive. Specific AML/CFT regulations related to mobile money have not been issued in many jurisdictions, mainly due to the lack of awareness of the risks these services can pose if the right controls are not in place. Because the international standards for AML/CFT, the Financial Action Task Force s 40 + 9 Recommendations were designed and issued well before mobile money technology and business models became prevalent, even developed countries have begun to face challenges with their regulation. The project team aims to provide practical guidance to jurisdictions and the Industry on how to draft regulations and internal guidelines that allow them to comply with AML/CFT standards with enough flexibility for mobile money to thrive. Specifically, the paper (1) takes stock of new AML/CFT regulations and practices relevant to Mobile money, (2) design guidelines for drafting AML/CFT regulations that cover mobile money and (3) propose examples of best practices for the Industry to include AML/CFT in their own business model.

Download or read book e Infrastructure and e Services for Developing Countries written by Karl Jonas and published by Springer. This book was released on 2013-10-17 with total page 343 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book constitutes the thoroughly refereed post-conference proceedings of the 4th International ICST Conference on e-Infrastructure and e-Services for Developing Countries, AFRICOMM 2012, held in Yaounde, Cameroon, in November 2012. The 24 revised full papers presented were carefully reviewed and selected from numerous submissions. The papers cover a wide range of topics in the field of information and communication infrastructures and are grouped in topical sections on: e-Infrastructure, e-Services, e-Society, e-Health, and e-Security.

Download or read book Business Models In Islamic Microfinance written by Abdelrahman Elzahi and published by ISLAMIC RESEARCH AND TRAINING INSTITUTE. This book was released on 2016-12-31 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a compilation of papers presented in a thematic workshop on business models in Islamic microfinance, organized by International Islamic University Islamabad, Islamic Research and Training Institute (IRTI), and Agricultural Bank of Sudan. The objective of the workshop was to discuss specific Islamic microfinance business models and best practices, as well as the most advanced experiences at the international level.

Download or read book The Report Egypt 2018 written by and published by Oxford Business Group. This book was released on with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt: Egypt has enjoyed a period of political stability since the turbulence of 2011-13, implementing a wide-ranging programme of economic reform. The process started with a drive to rebalance the economy through a number of challenging initiatives, including the reduction of subsidies, the introduction of value-added tax and the liberation of the Egyptian pound. At the outset of 2018, these headline measures had been implemented, and the government’s focus has since shifted to the improvement of governance and the investment climate. This effort includes the promulgation of the Civil Service Reform Law, aimed at cutting the large public sector wage bill, and an array of legislation designed to remove investment barriers, such as the Industrial Licensing Law, the Investment Law and the Company Law.