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The Regulation of Mobile Money : Law and Practice in Sub-Saharan Africa / by Sunduzwayo Madise
(Palgrave Macmillan Studies in Banking and Financial Institutions. ISSN:25233378)

Publisher (Cham : Springer International Publishing : Imprint: Palgrave Macmillan)
Year 2019
Edition 1st ed. 2019.
Authors *Madise, Sunduzwayo author
SpringerLink (Online service)

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OB00174628 Springer Economics and Finance eBooks (電子ブック) 9783030138318

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Material Type E-Book
Media type 機械可読データファイル
Size XXIII, 423 p. 19 illus., 10 illus. in color : online resource
Notes Chapter 1. Introduction -- Chapter 2. Introduction to Money -- Chapter 3. Developments in Mobile Technology and the Emergence of Mobile Money -- Chapter 4. Different Types of Regulation -- Chapter 5. Regulating Money -- Chapter 6. The Concept of Financial Inclusion -- Chapter 7. Comparative Study of Mobile Money in Kenya and Malaŵi -- Chapter 8. Malaŵi’s Existing Regulatory Framework of Mobile Money -- Chapter 9. An Alternative Regulatory Framework for Mobile Money -- Chapter 10. Conclusions
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.
HTTP:URL=https://doi.org/10.1007/978-3-030-13831-8
Subjects LCSH:Financial services industry
LCSH:Development economics
LCSH:International finance
LCSH:Technological innovations
FREE:Financial Services
FREE:Development Economics
FREE:International Finance
FREE:Innovation and Technology Management
Classification LCC:HG1501-3550
DC23:332.17
ID 8000062272
ISBN 9783030138318

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