Mobile Banking and Financial Inclusion: The Regulatory Lessons

Klein, Michael U.; Mayer, Colin

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Mobile Banking and Financial Inclusion: The Regulatory Lessons

World Bank Policy Research Working Paper No. 5664

34 Pages Posted: 20 Apr 2016

See all articles by Michael U. Klein

Michael U. Klein

Frankfurt School of Finance and Management; Johns Hopkins University - Paul H. Nitze School of Advanced International Studies (SAIS)

Colin Mayer

University of Oxford - Said Business School; Centre for Economic Policy Research (CEPR); European Corporate Governance Institute (ECGI)

Date Written: May 1, 2011

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.

Keywords: Banks & Banking Reform, Access to Finance, Emerging Markets, Debt Markets, Technology Industry

Suggested Citation: Suggested Citation

Klein, Michael U. and Mayer, Colin, Mobile Banking and Financial Inclusion: The Regulatory Lessons (May 1, 2011). World Bank Policy Research Working Paper No. 5664, Available at SSRN: https://ssrn.com/abstract=1846305