Digital Financial Services : Regulating for Financial Inclusion : An ICT Perspective / International Telecommunication Union.

Format:

Book

Author/Creator:

International Telecommunication Union, author, issuing body.

Language:

English

Subjects (All):

Financial services industry--Technological innovations.

Financial services industry.

Physical Description:

1 online resource

Other Title:

Digital Financial Services

Place of Publication:

[Place of publication not identified] : International Telecommunication Union, 2016.

Summary:

This report sheds light on some of the most important issues that policy makers and regulators face in accelerating the spread of mobile financial services, while ensuring that the market develops competitively. It focuses on the regulatory and competition issues that have most at stake and are the most pressing. In doing so, the report aims to help regulators support the key contribution of ICT to digital financial inclusion using mobile networks, introducing those that are unbanked and underbanked into the digital economy.

Contents:

Executive Summary

1 Introduction

2 Financial inclusion and mobile financial services

2.1 Mobile money as a driver of financial inclusion

2.2 A growing financial business

2.3 From mobile money to digital financial services

2.4 The need to develop mobile money further

3 Regulating for financial inclusion

3.1 The importance of good regulation

3.2 Prudential regulation and customer due diligence

3.3 Agent network issues

3.4 Telecommunication network access issues

3.5 Interoperability issues

3.6 Customer data and risk-based financial services

3.7 Consumer protection

4 Collaboration among financial, telecommunication and competition authorities

4.1 The complementary roles of authorities

4.2 Collaborating in the use of powers

4.3 Making unilateral progress where necessary

5 Conclusion

Bibliography

Annex 1: Regulatory checklist for mobile financial services.

Notes:

Description based on publisher supplied metadata and other sources.