Mobile Banking and Financial Inclusion: The Regulatory Lessons
Michael U. Klein
Frankfurt School of Finance and Management; Johns Hopkins University - Paul H. Nitze School of Advanced International Studies (SAIS)
University of Oxford - Said Business School; Centre for Economic Policy Research (CEPR); European Corporate Governance Institute (ECGI)
May 1, 2011
World Bank Policy Research Working Paper No. 5664
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 discussedin 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.
Number of Pages in PDF File: 34
Keywords: Banks & Banking Reform, Access to Finance, Emerging Markets, Debt Markets, Technology Industryworking papers series
Date posted: May 19, 2011
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