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Financial Inclusion Beyond Payments : Policy Considerations for Digital Savings.

World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online

World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications")
Format:
Book
Government document
Series:
Other Financial Sector Study.
World Bank e-Library.
Other Financial Sector Study
Language:
English
Subjects (All):
Access to Finance.
E-Finance and E-Security.
Finance and Development.
Finance and Financial Sector Development.
Financial Literacy.
Financial Structures.
Rural Development.
Local Subjects:
Access to Finance.
E-Finance and E-Security.
Finance and Development.
Finance and Financial Sector Development.
Financial Literacy.
Financial Structures.
Rural Development.
Other Title:
Financial Inclusion Beyond Payments
Place of Publication:
Washington, D.C. : The World Bank, 2019.
System Details:
data file
Summary:
The report discusses key policy issues that enable and constrain digital savings market development and offers policy considerations within the context of the G20's High-Level Principles for Digital Financial Inclusion. Based on current market observations, three policy considerations seem most important for facilitating digital savings account deployments: Enable banking institutions to pursue digital savings partnerships with nonbank entities. Support the development of interoperability between banks and nonbank e-money issuers. Harmonize customer due diligence standards for emoney wallets and low-risk bank deposits.

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