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Mobile banking and financial inclusion : the regulatory lessons

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  • Klein, Michael
  • Mayer, Colin

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.

Suggested Citation

  • Klein, Michael & Mayer, Colin, 2011. "Mobile banking and financial inclusion : the regulatory lessons," Policy Research Working Paper Series 5664, The World Bank.
    • Handle: RePEc:wbk:wbrwps:5664
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    More about this item

    Keywords

    Banks&Banking Reform; Access to Finance; Emerging Markets; Debt Markets; Technology Industry;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

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