Thank you for your interest in Speakers Corner #45: "Mobile Financial Services: Balancing Regulatory Risks with Financial Inclusion Opportunities." Please review the following resources prior to the event:
Resources for Day 1
- View the screencast (with powerpoint and Q&A), post comments and read the blog from Bill Maurer's presentation on July 2011 titled, "From Cash and Coin to E-Wallets: Challenges for Mobile Money Regulation in Developing World Contexts."
- Tilman Ehrbeck and Michael Tarazi, CGAP, 2011. Putting the Banking in Branchless Banking: Regulation and the Case for Interest-Bearing and Insured. E money Savings Accounts E money represents a promising opportunity to provide low-income individuals with more than just payment and safe storage services. This paper explores the regulatory implications of interest-bearing and insured e-money savings accounts.
- Michael Tarazi and Paul Breloff, CGAP, 2010. Nonbank E-Money Issuers: Regulatory Approaches to Protecting Customer Funds. The success of Kenya’s M-PESA has raised questions about regulating nonbanks—most notably mobile network operators (MNOs)—who work directly with customers.
- Claire Alexandre, Ignacio Mas and Dan Radcliffe, The Bill & Melinda Gates Foundation, 2010. Regulating New Banking Models that Can Bring Financial Services to All. Technology lets banks delegate ‘last mile’ cash management and customer servicing functions to third-party outlets. By making basic transactions available through local shops, there’s an opportunity to increase banks’ footprint and transform the basic economics of low-balance savings.
- View the screencast (with powerpoint and Q&A) from the presentation given by Chris Hencke and Mark Egerman on November 18 title, "Deposit Insurance and Consumer Protection for MFS."
- Please review: Deposit Insurance Around the Globe: Where Does It Work?
- Please review: Stored Value Cards and Other Nontraditional Access Mechanisms. New General Counsel's Opinion No. 8.
- Please review: the EU Money Directive Document.
Resources for Day 2
- View the screencast (with presentation and Q&A) and read the blog post from Bryan Barnett and Maria Stephens' presentation on September 2011 titled, "Cloud Computing and Financial Services for The Poor: Promise and Perils of a New Computing Paradigm."
- Review the report prepared by Bryan Barnett on the subject of "Cloud Computing and Financial Services for the Poor: Primer and Procurement Guide."
- Full SaaS solution for Microfinance by Mambu
Resources for Day 3
- View the screencast (with presentation and Q&A) from Michael Ingram and Maria Stephens' presentation on October 2011 titled, "Sound Expansion of Mobile Financial Services: A Risk Matrix Approach for Developing Enabling Environments."
- Download the Mobile Financial Services Risk Matrix.
- Review the following resource by Cynthia Merritt of the Federal Reserve Bank of Atlanta: "Mobile Money Transfer Services: The Next Phase in the Evolution in Person-to-Person Payments."
- Read the article, Countering the use of mobile-FS in the money laundering from the Korea Financial Intelligence Unit, 2008.
Additional resources
- Read Maria Stephens' blog on "The role of government in supporting mobile financial services."
- View the screencast and presentation given by Paul Davis on the subject of "Promoting Financial Inclusion: Branchless Banking in Colombia."
- Follow this link to download the November 2011 presentation by Maria Stephens, Daryl Skoog and Gino Picasso on the subject of "Mobile Financial Services and Microfinance: A Risk - Based Approach to Regulatory Policy and Mobile Financial Services."
- Visit the Institute for Money, Technology and Financial Inclusion.
- Read: Global microscope on the microfinance business environment 2011.
- Review CPSS Publication No. 43 from January 2001 on "Core Principles for Systemically Important Payment Systems."
- Review discussion paper No. 10-12 from the Federal Reserve of Boston on "Mobile Payments in the United States at Retail Point of Sale: Current Market and Future Prospects."
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I think Joel's point raises the importance of developing strong agent networks. Issuers...