Nonbank e-money issuers : regulatory approaches to protecting customer funds (Chinese)

Mobile-Swahili for Money (M-PESA), Kenya's mobile phone-based money transfer service, exploded onto the scene in 2007. In just three years, it has attracted over 9.5 million customers, in a country with only 8.4 million bank accounts. Every month, more than US$320 million flows through M-PESA in person-to-person transfers, and the numbers keep rising. This focus note reviews global regulatory approaches to protecting customer funds in the context...

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Author

Breloff, Paul Joseph;

Tarazi, Ala Michael;
Document Date
2010/07/01
Document Type
Brief
Report Number
56629
Volume No
1
Total Volume(s)
1
Country
World,
Region
Other,
Disclosure Date
2013/12/11
Disclosure Status
Disclosed
Doc Name
Nonbank e-money issuers : regulatory approaches to protecting customer funds
Keywords
bank accounts

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Citation

Breloff, Paul Joseph; Tarazi, Ala Michael.

Nonbank e-money issuers : regulatory approaches to protecting customer funds (Chinese). CGAP focus note|no. 63 Washington DC ; World Bank. http://documents.worldbank.org/curated/en/569841468336065711

Nonbank e-money issuers : regulatory approaches to protecting customer funds (Chinese)

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