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Bankers Call for Mobile Money Regulation in Zimbabwe
For all its successes in the mobile money sector, Zimbabwe does not have regulatory frameworks for restitution of users should any of the mobile money platforms collapse, the Bankers Association of Zimbabwe (BAZ) said Tuesday.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- public policy, regulations
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Mobile Money Gets Boost as Central Bank of Nigeria Loosens Restriction on Telcos
With the review of the mobile money guidelines, which allows for the participation of the telecommunication companies, the adoption of this form of banking is expected to get a significant boost.
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- Uncategorized
- Region
- Sub-Saharan Africa
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WHO to study use of sanctions as part of global epidemic response
The World Health Organization said Tuesday it will study the idea of using sanctions to punish countries that do not comply with global health regulations, following widespread failures in the response to the Ebola outbreak.
- Categories
- Health Care
- Tags
- regulations
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10 Challenges That Could Make or Break India’s Payments Banks: Their revolutionary potential is no guarantee
Last week, the Reserve Bank of India announced that it will issue 11 Payments Bank (PB) licenses, permitting a variety of institutions to provide a limited slate of financial services to underserved populations. The RBI hopes PBs will “revolutionize banking” in India, but their impact is not guaranteed. Here are 10 challenges PBs will face – and how they can live up to the government’s ambitious goals.
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- Uncategorized
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Will West Africa be the New East Africa in Mobile Money?: Shifting regulations and a growing ecosystem make the region an area to watch
Though the member countries in the West African Economic and Monetary Union share one currency and one central bank, their mobile money ecosystems differ greatly. However, interoperability will likely be integrated across most of these countries in the not too distant future. Could its new regulatory regimes and developing ecosystems help the region take its place alongside the mobile money sprinters of East Africa?
- Categories
- Technology
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OPINION: Payments Banks – A game-changing idea for financial inclusion in India
Over the next decade or so, payment banks' functioning has the potential to bring about another revolution in the banking sector.
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- Uncategorized
- Region
- South Asia
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Indian mobile operators feature strongly among ‘payments bank’ license winners
Bidders linked to the country’s top three mobile operators – Bharti Airtel, Vodafone and Idea Cellular – as well as newcomer Reliance Jio Infocomm and Telenor were among eleven winners of payments bank licenses in India.
- Categories
- Uncategorized
- Region
- South Asia
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China’s move to regulate Internet payments sparks concern
China is moving to limit the lightly regulated world of internet payments, an initiative that some critics warn could stifle development in one of the most innovative sectors of the economy.
- Categories
- Uncategorized
- Region
- Asia Pacific