IDEAS home Printed from https://ideas.repec.org/a/eme/jfrcpp/13581980610644798.html
   My bibliography  Save this article

Challenges facing banking in emerging markets

Author

Listed:
  • Iain Clacher
  • Joshua Doriye
  • Suleiman R. Mohamed
  • Tadeo Satta

Abstract

Purpose - This paper aims to consider the impact of modernizing payments systems within emerging economies. Design/methodology/approach - Focuses on the Tanzanian experience and highlights a number of important issues that emerging economies face in undertaking such reforms. The results are based on a survey of the banking sector in Tanzania. Findings - Many participants have experienced increases in efficiency, such as faster transaction speeds, quicker settlement times, and a reduction in errors and fraudulent transactions. However, the Tanzanian case has also highlighted the importance of sufficient legal reform for both the banking sector and their customers. Finally, the findings show that clear roles for participants and well‐defined rules and regulations are essential for effective payments systems. Originality/value - The paper adds value as it considers the impact of banking reform and modernization of payments systems from the perspective of the participants within the industry. The findings will be of value to those in the banking sector in emerging economies and gives useful insights into the Tanzanian experience.

Suggested Citation

  • Iain Clacher & Joshua Doriye & Suleiman R. Mohamed & Tadeo Satta, 2006. "Challenges facing banking in emerging markets," Journal of Financial Regulation and Compliance, Emerald Group Publishing Limited, vol. 14(1), pages 112-118, January.
    • Handle: RePEc:eme:jfrcpp:13581980610644798
    DOI: 10.1108/13581980610644798
    as

    Download full text from publisher

    File URL: https://www.emerald.com/insight/content/doi/10.1108/13581980610644798/full/html?utm_source=repec&utm_medium=feed&utm_campaign=repec
    Download Restriction: Access to full text is restricted to subscribers
    File URL: https://www.emerald.com/insight/content/doi/10.1108/13581980610644798/full/pdf?utm_source=repec&utm_medium=feed&utm_campaign=repec
    Download Restriction: Access to full text is restricted to subscribers
    File URL: https://libkey.io/10.1108/13581980610644798?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eme:jfrcpp:13581980610644798. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Emerald Support (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.