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Oversight Issues In Mobile Payments

Oversight Issues in Mobile Payments PDF
Author: Tanai Khiaonarong
Publisher: International Monetary Fund
ISBN: 1498331572
Size: 21.52 MB
Format: PDF, ePub, Mobi
Category : Business & Economics
Languages : en
Pages : 35
View: 382

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This paper examines oversight issues that underlie the potential growth and risks in mobile payments. International experience suggests that financial authorities can develop effective oversight frameworks for new payment methods to safeguard public confidence and financial stability by establishing: (i) a clear legal regime; (ii) proportionate AML/CFT measures to prevent financial integrity risks; (iii) fund safeguarding measures such as insurance, similar guarantee schemes, or “pass through” deposit insurance; (iv) contingency plans for operational disruptions; and (v) risk controls and access criteria in payment systems. Such measures are particularly important for low-income countries where diffusion is becoming more widespread.

Oversight Issues In Mobile Payments

Oversight Issues in Mobile Payments PDF
Author: Tanai Khiaonarong
Publisher: International Monetary Fund
ISBN: 1498392059
Size: 41.57 MB
Format: PDF, Mobi
Category : Business & Economics
Languages : en
Pages : 35
View: 5765

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This paper examines oversight issues that underlie the potential growth and risks in mobile payments. International experience suggests that financial authorities can develop effective oversight frameworks for new payment methods to safeguard public confidence and financial stability by establishing: (i) a clear legal regime; (ii) proportionate AML/CFT measures to prevent financial integrity risks; (iii) fund safeguarding measures such as insurance, similar guarantee schemes, or “pass through” deposit insurance; (iv) contingency plans for operational disruptions; and (v) risk controls and access criteria in payment systems. Such measures are particularly important for low-income countries where diffusion is becoming more widespread.

Bitcoin And Mobile Payments

Bitcoin and Mobile Payments PDF
Author: Gabriella Gimigliano
Publisher: Springer
ISBN: 1137575123
Size: 17.97 MB
Format: PDF, ePub
Category : Business & Economics
Languages : en
Pages : 314
View: 1470

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This book provides a critical analysis of The European Union’s regulatory framework for mobile payments and bitcoin. Chapters discuss the creation of the EU single market for e-payments and combine legal analysis with comparative case studies in their exploration of the regulatory challenges surrounding e-payments. The contributing authors analyse the key economic and legal issues of the development of bitcoin and mobile payments within the EU framework through a comparative lens. They cover topics ranging from user data and funds protection and the stability of the payment system to the competitiveness of the EU market. Providing a comprehensive and methodological guide to the bitcoin and mobile payments in Europe, this book will prove an illuminating and informative read for academics, students and policy makers with an interest in the impact of innovation on payment systems.

Fintech Regulation In China

Fintech Regulation in China PDF
Author: Robin Hui Huang
Publisher: Cambridge University Press
ISBN: 1108860591
Size: 74.78 MB
Format: PDF, Mobi
Category : Law
Languages : en
Pages :
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This is the first book-length treatment of the regulation of financial technology (Fintech) in China. Fintech brings about paradigm changes to the traditional financial system, presenting both challenges and opportunities. At the international level, there has been a fierce competition for the coveted title of global Fintech hub. One of the key enablers of success in this race is regulation. As the world's leader in Fintech, China's regulatory experience is of both academic and practical significance. This book presents a systematic and contextualized account of China's Fintech regulation, and in doing so, tries to identify and analyze relevant institutional factors contributing to the development of the Chinese law. It also takes a comparative approach to critically evaluating the Chinese experience. The book illustrates why and how China's Fintech regulation has been developed, if and how it differs from the rest of the world, and what can be learned from the Chinese experience.

International Monetary Fund Annual Report 2016

International Monetary Fund Annual Report 2016 PDF
Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1475517076
Size: 10.74 MB
Format: PDF
Category : Business & Economics
Languages : de
Pages : 90
View: 3632

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The year was marked by difficult challenges and milestone achievements. To reinvigorate modest growth at a time of uncertainty about a complicated global economy, the IMF membership endorsed a three-pronged approach of monetary, fiscal, and structural policies to get the world economy back on a stronger and safer growth track. Highlights of the IMF’s work during the year included entry into effect of its quota and governance reforms approved in 2010, which increase the Fund’s core resources and make it more representative of the membership; commitments for increased financial support, policy advice, expertise, and training to help low-income developing countries achieve the U.N. Sustainable Development Goals; analysis of the international monetary system; inclusion of the Chinese currency in the basket of currencies that make up the Special Drawing Right; and policy advice on the economic repercussions of mass migration of refugees from Syria and other conflict-afflicted states. The IMF Annual Report, which covers the period May 1, 2015 to April 30, 2016, discusses all of these issues, plus a wide range of policy matters that the Executive Board addressed during the year.

Financial Development In Sub Saharan Africa

Financial Development in Sub Saharan Africa PDF
Author: Mr.Montfort Mlachila
Publisher: International Monetary Fund
ISBN: 1475532407
Size: 47.30 MB
Format: PDF, ePub, Docs
Category : Business & Economics
Languages : en
Pages : 79
View: 6930

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This paper discusses how sub-Saharan Africa’s financial sector developed in the past few decades, compared with other regions. Sub-Saharan African countries have made substantial progress in financial development over the past decade, but there is still considerable scope for further development, especially compared with other regions. Indeed, until a decade or so ago, the level of financial development in a large number of sub-Saharan African countries had actually regressed relative to the early 1980s. With the exception of the region’s middle-income countries, both financial market depth and institutional development are lower than in other developing regions. The region has led the world in innovative financial services based on mobile telephony, but there remains scope to increase financial inclusion further. The development of mobile telephone-based systems has helped to incorporate a large share of the population into the financial system, especially in East Africa. Pan-African banks have been a driver for homegrown financial development, but they also bring a number of challenges.

Fintech Inclusive Growth And Cyber Risks Focus On The Menap And Cca Regions

Fintech  Inclusive Growth and Cyber Risks  Focus on the MENAP and CCA Regions PDF
Author: Ms.Inutu Lukonga
Publisher: International Monetary Fund
ISBN: 1484376544
Size: 16.12 MB
Format: PDF, Kindle
Category : Business & Economics
Languages : en
Pages : 51
View: 5164

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Financial technology (fintech) is emerging as an innovative way to achieve financial inclusion and the broader objective of inclusive growth. Thus far, fintech in the MENAP and CCA remains below potential with limited impact on financial inclusion. This paper reviews the fintech landscape in the MENAP and CCA regions, identifies the constraints to the growth of fintech and its contribution to inclusive growth and considers policy options to unlock the potential.

Guinea Bissau

Guinea Bissau PDF
Author: International Monetary Fund. African Dept.
Publisher: International Monetary Fund
ISBN: 151354151X
Size: 29.94 MB
Format: PDF
Category : Business & Economics
Languages : en
Pages : 49
View: 5088

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This Selected Issues paper aims at identifying some of the main channels of transmission through which political instability feeds and foster fragility and provide an estimate of the “fragility gap” that haunts the Bissau-Guinean society. This paper argued that, until today, due to chronic political instability, Guinea-Bissau has been in a costly fragility trap. This analytical piece argues that the major factor behind Guinea-Bissau’s fragility has been the chronic political instability. It also uncovers some of the main transmission channels from political instability to fragility and provides simple estimates about the cost of instability. Estimates based on reasonable assumptions reveal that, considering only Guinea-Bissau’s post-war period, without chronic political instability real GDP per capita could have been at least two thirds higher than its 2013 level. This assessment shows the crucial importance of the security sector reform. It also shows that the current estimated cost of the security sector reform is modest in comparison, since it puts into perspective its monetary costs—which are easy to calculate and mostly frontloaded—vis-à-vis its wide and deep benefits, which are not as explicit and accrue over time.

United Republic Of Tanzania

United Republic of Tanzania PDF
Author: International Monetary Fund. African Dept.
Publisher: International Monetary Fund
ISBN: 1498391176
Size: 78.19 MB
Format: PDF, ePub
Category : Business & Economics
Languages : en
Pages : 57
View: 716

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This Selected Issues paper analyzes the financial sector in Tanzania. The Tanzanian financial system has a number of characteristics commonly seen in other low-income countries. The system is relatively small, dominated by banks, and has not been particularly inclusive. Costs related to basic financial services have come down. However, in other areas, progress remains limited. Firms’ access to credit remains a problem, access to the financial infrastructure continues to lag, and market development remains at a low level. The banking system overall is well-capitalized and reasonably profitable, but there is considerable variation among bank categories.

Recent Trends In Correspondent Banking Relationships

Recent Trends in Correspondent Banking Relationships PDF
Author: International Monetary Fund. Strategy, Policy, & Review Department
Publisher: International Monetary Fund
ISBN: 1498346901
Size: 20.29 MB
Format: PDF, Docs
Category : Business & Economics
Languages : en
Pages : 58
View: 6063

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Correspondent banking relationships (CBRs), which facilitate global trade and economic activity, have been under pressure in several countries. So far, cross-border payments have remained stable and economic activity has been largely unaffected, despite a recent slight decrease in the number of CBRs. However, in a limited number of countries, financial fragilities have been accentuated as their cross-border flows are concentrated through fewer CBRs or maintained through alternative arrangements. These fragilities could undermine affected countries’ long-run growth and financial inclusion prospects by increasing costs of financial services and negatively affecting bank ratings.