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A Note on Macro-Financial Implications of Mobile Money SchemesMichael U. KleinFrankfurt School of Finance and Management Ignacio MasIndependent March 1, 2012 Frankfurt School - Working Paper No. 188 Abstract: Across the world mobile money schemes are being launched. In such schemes financial service providers interact with clients via mobile phones or other mobile devices such as tablets. Service offerings include payments and saving as well as basic insurance products and sometimes credit based on scoring methods that use information about the client’s payment history. This note discusses several systemic issues that arise from mobile payment schemes: (i) the impact of “e-money” on money supply, (ii) problems posed by financial distress of mobile money schemes, and (iii) the impact of mobile money schemes on money-laundering and illicit finance.
Number of Pages in PDF File: 24 Keywords: mobile money, electronic money JEL Classification: G21, G28 Accepted Paper SeriesDate posted: April 4, 2012 ; Last revised: December 26, 2012Suggested Citation |
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