Influence Of Financial Regulation In Kenya On Financial Inclusion A Case Study Of The Banking Industry In Kenya

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Influence of Financial Regulation in Kenya on Financial Inclusion: a Case Study of the Banking Industry in Kenya

Author : Deborah Kemunto Momany
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis Influence of Financial Regulation in Kenya on Financial Inclusion: a Case Study of the Banking Industry in Kenya by : Deborah Kemunto Momany

Download or read book Influence of Financial Regulation in Kenya on Financial Inclusion: a Case Study of the Banking Industry in Kenya written by Deborah Kemunto Momany and published by . This book was released on 2018 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The positive impact of financial inclusion on the lives of the citizens of African countries as well as their economies in the last decade is non-debatable. Subsequently, financial inclusion has greatly contributed to the diminishing number of the unbanked population in African countries especially with the advent of provision of digital financial services. Nonetheless, the population of adults lacking access and usage of financial services is above two (2) billion. Finance serves a primary purpose of facilitating productive economic activities in a country. Economic growth and financial stability is best achieved in an environment with sound financial regulations. Whereas financial systems across Africa have experienced profound changes as characterised by financial deepening and rapid growth in intermediation, there is a compelling need to ensure that the day-today economic activities are not marred by unsound financial environments. Though the changes have positively impacted financial inclusion and intermediation in Kenya, the Central Bank of Kenya is faced by a plethora of challenges in its effort of ensuring that the economy is thriving. This is besides ensuring that there is financial stability through the enforcement of compliance, regulation and supervision of financial institutions within the banking sector. This research paper discussed the influence of financial regulations in Kenya on financial inclusion in the context of the banking industry in Kenya This research took the nature of a survey. The population of the study on the side of the regulated institutions comprised all institutions licenced under the Banking Act. Data collection was by means of a questionnaire. The questionnaire was structured with open ended and closed ended questions. The open ended questions collect qualitative data whereas the closed ended collect quantitative data. Opinions, views and perceptions were captured through scaling questions. From the analysis of findings, a positive correlation was established between financial inclusion variables i.e quality, usage and access and financial stability of institutions regulated by the banking act. The study recommended that the government can also through its role in regulation create a regulatory framework that encourages financial inclusion in order to enhance financial stability.

Law and Regulation of Mobile Payment Systems

Author : Joy Malala
Publisher : Routledge
ISBN 13 : 1351728571
Total Pages : 154 pages
Book Rating : 4.3/5 (517 download)

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Book Synopsis Law and Regulation of Mobile Payment Systems by : Joy Malala

Download or read book Law and Regulation of Mobile Payment Systems written by Joy Malala and published by Routledge. This book was released on 2017-11-28 with total page 154 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the last ten years mobile payment systems have revolutionised banking in some countries in Africa. In Kenya the introduction of M-Pesa, a new financial services model, has transformed the banking and financial services industry. Giving the unbanked majority access to the financial services market it has attracted over 18 million subscribers which is remarkable given that fewer than 4 million people in Kenya have bank accounts. This book addresses the legal and regulatory issues arising out of the introduction of M-Pesa in Kenya and its drive towards financial inclusion. It considers the interaction between regulation and technological innovation with a particular focus on the regulatory tools, institutional arrangements and government decisional processes through the examination as a whole of its regulatory capacity. This is done with a view to understanding the regulatory capacity of Kenya in addressing the vulnerabilities presented by technological innovation in the financial industry for consumers after financial inclusion. It also examines the way that mobile payments have been regulated by criticising the piecemeal approach that the Central Bank of Kenya has taken in addressing the legal and regulatory issues presented by mobile payments. The book argues there are significant gaps in the regulatory regime of mobile banking in Kenya.

Mobile Payments and Financial Inclusion

Author : Jane K. Winn
Publisher :
ISBN 13 :
Total Pages : 27 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis Mobile Payments and Financial Inclusion by : Jane K. Winn

Download or read book Mobile Payments and Financial Inclusion written by Jane K. Winn and published by . This book was released on 2015 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: Although financial inclusion is now recognized as an essential element of any economic development strategy that includes poverty reduction, a majority of the world's poor remain excluded from formal financial services. Since 2007, the Kenyan mobile payment scheme M-Pesa has captured world attention as a financial inclusion success story, although no other countries have been able to reproduce that success. This paper considers the impact of the regulatory environment on mobile payments as a channel for delivering inclusive financial services using Kenya, Brazil and India as case studies. While Kenya succeeded in rapidly increasing financial inclusion, the Safaricom mobile network operator offering the M-Pesa service ended up controlling 99% of market for mobile payments, posing challenges for regulators and prospective competitors later trying to dislodge it from its dominant position. By contrast, Brazil made slow and steady progress toward achieving 99% financial inclusion among recipients of its Bolsa Familia social welfare program through incremental improvements in its legacy electronic payment systems and by creating a network of business correspondents for banks. Progress in India has been slower as a result of adopting a broad perspective on financial inclusion and pursuing multiple initiatives simultaneously, but inclusive financial services in India may finally be poised to take off. Early attempts to regulate mobile payments and business correspondents erected regulatory and technological barriers to their adoption, but the new “payment bank” regulatory framework may finally have removed those barriers for good. In partnership with the banking industry and to promote competition, India has created an open, public platform for clearing and settlement of electronic payments, and has begun using the new RuPay card network together with the new Aadhaar national identity scheme to deliver direct benefit transfers to the poor.

50 Years of Central Banking in Kenya

Author : Patrick Njoroge
Publisher : Oxford University Press
ISBN 13 : 0192592793
Total Pages : 510 pages
Book Rating : 4.1/5 (925 download)

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Book Synopsis 50 Years of Central Banking in Kenya by : Patrick Njoroge

Download or read book 50 Years of Central Banking in Kenya written by Patrick Njoroge and published by Oxford University Press. This book was released on 2021-04-01 with total page 510 pages. Available in PDF, EPUB and Kindle. Book excerpt: Documenting important milestones in the epic journey traversed by the Central Bank of Kenya (CBK) over the last 50 years, 50 Years of Central Banking in Kenya puts into perspective the evolution of central banking globally and within the East African region, and contemplates future prospects and challenges. The volume is timely, mainly because within the last 50 years the global financial landscape has shifted. Central bankers have expanded their mandates, beyond the singular focus on inflation, and consider economic growth as their other important objective. Bank regulation has moved from Basel I, to Basel II, and some countries have fully migrated to Basel III while some are still at the cross-roads. 50 Years of Central Banking in Kenya captures the wide-ranging discussions on central banking, from a symposium to celebrate the 50 year anniversary on 13 September 2016 in Nairobi. The participants at the symposium included current and former central bank governors from Kenya and the East Africa region, high level officials from multilateral financial institutions, policy makers, executives of commercial banks in Kenya, private sector practitioners, civil society agents, executives and researchers from think tanks based in Kenya and the Africa region, leading academics in banking and finance, and university students. Beyond the symposium, the volume highlights the evolution of specific functions of CBK over the last 50 years (such as monetary policy, bank regulation, and payments system), as well as developments in Kenya's financial system which strongly relate to the functionality of CBK, such as financial innovation, the evolution of financial markets, and non-bank financial institutions in Kenya.

Banking Regulation in Africa

Author : Folashade Adeyemo
Publisher : Routledge
ISBN 13 : 1000517071
Total Pages : 148 pages
Book Rating : 4.0/5 (5 download)

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Book Synopsis Banking Regulation in Africa by : Folashade Adeyemo

Download or read book Banking Regulation in Africa written by Folashade Adeyemo and published by Routledge. This book was released on 2021-12-28 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt: There is little literature on the development of banking regulation in Nigeria, or the scope of powers of the Central Bank of Nigeria, which is its core banking sector regulator. The critical impetus of this book is to contribute to the literature of this area, with a detailed exploration of the Nigerian regulatory architecture. In addition, the book also engages in a comparative analysis with two emerging economies in Africa: South Africa and Kenya. It also considers the UK and the US as comparator jurisdictions in light of their regulatory responses to the global financial crisis of 2008. This book contributes to the ongoing discourse in this area by exploring, in detail, the theoretical underpinnings of regulation and supervision, to determine whether there is an understanding of what constitutes effective regulation in these jurisdictions. Given that Nigeria is the core jurisdictional focus, a historical account of banking exchanges from the pre-colonial era to more recent times is provided. Offering an understanding of how political, local and economic settings, in conjunction with the theories of regulation, have impacted and influenced regulatory development in Nigeria, the book engages in an examination of Nigeria’s historical experiences with bank failures, including the banking crisis it experienced in 2008. The newly enacted Banks and Other Financial Institutions Act 2020 is also explored as part of this discourse. Through a critical analysis of the law, the book demonstrates that the Nigerian regulator has historically adopted a reactionary strategy, instead of a proactive and pragmatic approach, which is imperative for an effective regulatory regime. The outcome of this analysis is that there are lessons to be learned, and proposals are discussed in order to rethink the act of banking regulation.

Kenya

Author : International Monetary Fund. African Dept.
Publisher : International Monetary Fund
ISBN 13 : 1484381343
Total Pages : 65 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Kenya by : International Monetary Fund. African Dept.

Download or read book Kenya written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2018-10-23 with total page 65 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Selected Issues paper analyzes Kenya’s success in boosting financial inclusion. Kenya has become a regional and global leader in mobilizing new technologies to advance financial inclusion, poverty reduction, and growth. The rapid progress of financial inclusion in Kenya has been a result of a friendly environment for the absorption of information technology, dynamic local banks, and open and stable regulations. Advances in financial inclusion over the past 10 years have allowed Kenyans to reap many of the benefits of financial access at a much faster pace than the typical cycle of financial deepening in low- and middle-income countries. Mobile financial services have lowered the transaction cost of remittances, allowing Kenyan households to smooth consumption in the face of shocks and significantly reducing poverty.

Achieving Financial Stability and Growth in Africa

Author : Stephany Griffith-Jones
Publisher : Routledge
ISBN 13 : 1317301684
Total Pages : 219 pages
Book Rating : 4.3/5 (173 download)

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Book Synopsis Achieving Financial Stability and Growth in Africa by : Stephany Griffith-Jones

Download or read book Achieving Financial Stability and Growth in Africa written by Stephany Griffith-Jones and published by Routledge. This book was released on 2016-03-24 with total page 219 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores how the financial system should be regulated and structured to achieve the twin goals of inclusive growth and financial stability, with a focus on African low-income countries (LICs). The subject and content of this book is original in that it attempts to draw on the lessons and radical rethinking on the financial sector in developed and middle income countries, arising in the wake of the international financial crisis. It includes four in- depth country case studies, of Kenya, Ghana, Nigeria and Ethiopia, but also analyses the empirical evidence for Sub-Saharan Africa as a whole, evaluating the relevance (or not) of such major changes for the very different financial sectors and economies in low income countries. Achieving Financial Stability and Growth in Africa has major academic and policy implications, especially for low income countries, but also more generally, on broader issues. These include the desirable size of the financial sector, as well as more specific issues, such as the high cost of borrowing of small and medium enterprises in LICs, and possible measures to reduce it. Highly topical subjects like the appropriate regulation of the financial sector and management of capital flows are discussed in depth. Though drawing on comprehensive reviews of the literature, this volume has the virtue of the large comparative academic and policy experience of researchers, as well as in-depth case studies, that take account of institutional and economic features of low- income countries. Written by senior academics and policy-makers, this book is a must read for those researching or participating in the financial sectors of low-income countries, as well as in developed economies. It is also suitable for those who study political economy and public finance.

Inclusive Financial Development

Author : Ahmad, Ahmad H.
Publisher : Edward Elgar Publishing
ISBN 13 : 1800376383
Total Pages : 352 pages
Book Rating : 4.8/5 (3 download)

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Book Synopsis Inclusive Financial Development by : Ahmad, Ahmad H.

Download or read book Inclusive Financial Development written by Ahmad, Ahmad H. and published by Edward Elgar Publishing. This book was released on 2021-10-19 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: Inclusive Financial Development provides theoretical and empirical analyses of the nature of financial inclusion. The contributing authors explore the impediments to inclusion that exist around the world, the macro and stability implications, and the regulation dimension.

THE IMPACT OF MOBILE BANKING OF ON FINANCIAL INCLUSION: A CASE STUDY OF FINTECH IN KENYA

Author : JOHN MURIUKI WAMUIGA (TP022799)
Publisher :
ISBN 13 :
Total Pages : 91 pages
Book Rating : 4.:/5 (122 download)

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Book Synopsis THE IMPACT OF MOBILE BANKING OF ON FINANCIAL INCLUSION: A CASE STUDY OF FINTECH IN KENYA by : JOHN MURIUKI WAMUIGA (TP022799)

Download or read book THE IMPACT OF MOBILE BANKING OF ON FINANCIAL INCLUSION: A CASE STUDY OF FINTECH IN KENYA written by JOHN MURIUKI WAMUIGA (TP022799) and published by . This book was released on 2017 with total page 91 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Financial Inclusion Regulatory Practices in SADC

Author : Howard Chitimira
Publisher : Taylor & Francis
ISBN 13 : 1000875466
Total Pages : 237 pages
Book Rating : 4.0/5 (8 download)

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Book Synopsis Financial Inclusion Regulatory Practices in SADC by : Howard Chitimira

Download or read book Financial Inclusion Regulatory Practices in SADC written by Howard Chitimira and published by Taylor & Francis. This book was released on 2023-05-25 with total page 237 pages. Available in PDF, EPUB and Kindle. Book excerpt: Against a background of calls to prioritise the improvement of financial inclusion in Africa, this book provides an analysis of current financial inclusion measures in Southern Africa. Evaluating the existing strengths and weaknesses of financial inclusion in Africa, it identifies opportunities to improve inclusive financial services and aid poverty reduction in the region. With a focus on South Africa, Namibia, Botswana, and Zimbabwe as case studies for assessing current financial inclusion in the context of particular challenges faced by unbanked and underbanked customers, who are easy targets for cybercriminals due to low levels of digital literacy, it looks into the regulation and promotion of financial inclusion in Southern Africa. The book explores financial inclusion in the context of digital transformation in the 21st century, examining the regulation and promotion of financial inclusion in the context of digital transformation, as well as the challenges related to financial inclusion. Suggesting improvements to aspects of company law, securities and financial markets in the Southern African Development Community region, the book offers a comprehensive study on the regulation and promotion of financial inclusion in the Southern African Development Community region. It will be essential reading for students and academics researching financial inclusion, international economic law and development.

Access to Microfinance and Financial Training for Innovative Urban Sustainability

Author : Mutisya, Emmanuel Musau
Publisher : Langaa RPCIG
ISBN 13 : 995679287X
Total Pages : 272 pages
Book Rating : 4.9/5 (567 download)

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Book Synopsis Access to Microfinance and Financial Training for Innovative Urban Sustainability by : Mutisya, Emmanuel Musau

Download or read book Access to Microfinance and Financial Training for Innovative Urban Sustainability written by Mutisya, Emmanuel Musau and published by Langaa RPCIG. This book was released on 2014-10-07 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Kenyan population is highly concentrated in urban centres, leading to increased social, economic and environmental strains, with a significant percentage of urban dwellers living in sprawling slums. Urban development is increasingly a major focus, especially in the fight against urban sustainability problems. There is little practical orientation in the academic literature for the growing gap between the rich and poor. Current literature is enormously concerned with resource use and environmental pressures, paying scant attention to the nexus between urban sustainability and empowerment of the urban poor. This book initiates debates on the segment of urban population often referred to as "the bottom of the pyramid (BOP)", by analysing the microfinance innovation following evaluation of the impacts of access to microfinance and financial training and the implications to urban sustainability in Kenya. The main conclusion reached is that microfinance has an instrumental role to play in promoting sustainable urban development as it supports social welfare improvement and increases the livelihood of participants, business development and urban sustainability to a certain extent, thereby empowering the urban poor in contributing to poverty alleviation.

Powering the Digital Economy: Opportunities and Risks of Artificial Intelligence in Finance

Author : El Bachir Boukherouaa
Publisher : International Monetary Fund
ISBN 13 : 1589063953
Total Pages : 35 pages
Book Rating : 4.5/5 (89 download)

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Book Synopsis Powering the Digital Economy: Opportunities and Risks of Artificial Intelligence in Finance by : El Bachir Boukherouaa

Download or read book Powering the Digital Economy: Opportunities and Risks of Artificial Intelligence in Finance written by El Bachir Boukherouaa and published by International Monetary Fund. This book was released on 2021-10-22 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses the impact of the rapid adoption of artificial intelligence (AI) and machine learning (ML) in the financial sector. It highlights the benefits these technologies bring in terms of financial deepening and efficiency, while raising concerns about its potential in widening the digital divide between advanced and developing economies. The paper advances the discussion on the impact of this technology by distilling and categorizing the unique risks that it could pose to the integrity and stability of the financial system, policy challenges, and potential regulatory approaches. The evolving nature of this technology and its application in finance means that the full extent of its strengths and weaknesses is yet to be fully understood. Given the risk of unexpected pitfalls, countries will need to strengthen prudential oversight.

Law and Regulation of Mobile Payment Systems

Author : Joy Malala
Publisher : Routledge Research in Finance and Banking Law
ISBN 13 : 9780367887353
Total Pages : 272 pages
Book Rating : 4.8/5 (873 download)

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Book Synopsis Law and Regulation of Mobile Payment Systems by : Joy Malala

Download or read book Law and Regulation of Mobile Payment Systems written by Joy Malala and published by Routledge Research in Finance and Banking Law. This book was released on 2019-12-12 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: Based on author's thesis (doctoral - University of Warwick, England, 2014) issued under title: Mobile payments systems in Kenya: a new era or a false dawn?: an examination of the legal and regulartory issues arising 'post' financial inclusions.

Enhancing Financial Sector Surveillance in Low-Income Countries - Case Studies

Author : International Monetary Fund
Publisher : International Monetary Fund
ISBN 13 : 1498340687
Total Pages : 86 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Enhancing Financial Sector Surveillance in Low-Income Countries - Case Studies by : International Monetary Fund

Download or read book Enhancing Financial Sector Surveillance in Low-Income Countries - Case Studies written by International Monetary Fund and published by International Monetary Fund. This book was released on 2012-04-16 with total page 86 pages. Available in PDF, EPUB and Kindle. Book excerpt: This supplement presents ten case studies, which highlight the roles of targeted policies to facilitate sustainable financial deepening in a variety of country circumstances, reflecting historical experiences that parallel a range of markets in LICs. The case studies were selected to broadly capture efforts by countries to increase reach (e.g., financial inclusion), depth (e.g., financial intermediation), and breadth of financial systems (e.g., capital market, cross-border development). The analysis in the case studies highlights the importance of a balanced approach to financial deepening. A stable macroeconomic environment is vital to instill consumer, institutional, and investor confidence necessary to encourage financial market activity. Targeted public policy initiatives (e.g., collateral, payment systems development) can be helpful in removing impediments and creating infrastructure for improved market operations, while ensuring appropriate oversight and regulation of financial markets, to address potential sources of instability and market failures.

Digital Financial Services Regulations

Author : Ronald Ochen
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (138 download)

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Book Synopsis Digital Financial Services Regulations by : Ronald Ochen

Download or read book Digital Financial Services Regulations written by Ronald Ochen and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Digital Financial Services such as mobile money provides immeasurable benefits for financial inclusion and intermediation in East Africa. In this paper, we use a Fixed Effects panel model and annual data collected from 2007 to 2021 to examine the evolution of Digital Financial Services regulatory frameworks and their effects on conventional banking and Financial Inclusion in East African countries - Kenya, Tanzania, and Uganda. Results indicate that digital financial services regulations positively and significantly affect conventional banking services and mobile money (financial inclusion). Also, during the COVID19 pandemic period when the different governments instituted COVID19 policy response measures in the digital payments space to circumvent the use of cash and physical contact, positively affected digital financial services, thereby enhancing financial inclusion in the region. Also, an increase in lending rates and the consumer price index causes mobile money to decline. Therefore, digital financial services regulations are pivotal in advancing financial inclusion and intermediation through mobile money and conventional banking services in East Africa. Also, Central Banks should be concerned with mobile money in the economy because it forms part of the loanable funds by banks thus, stabilizing lending rates and prices in the economy is crucial for financial inclusion.

Deepening Financial Inclusion Through Collaboration to Create Innovative and Appropriate Financial Products for the Poor

Author : Tony K. Omwansa
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis Deepening Financial Inclusion Through Collaboration to Create Innovative and Appropriate Financial Products for the Poor by : Tony K. Omwansa

Download or read book Deepening Financial Inclusion Through Collaboration to Create Innovative and Appropriate Financial Products for the Poor written by Tony K. Omwansa and published by . This book was released on 2014 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The Central Bank of Kenya has in the recent years introduced several regulatory interventions aimed at increasing financial inclusion. Mobile operators and financial institutions have successfully launched numerous services either to increase the convenience for existing customers or to reach out to new customers. There is evidence of more un-banked people moving into the formal financial grid and money initially circulating in informal systems can now be accounted for. Mobile money has made it much easier to receive and transfer money as well as make payments. Agency banking and cash merchants have taken the cash-incash-out points much closer to the consumers. Despite this progress, access to formal financial services in Kenya is still low. In particular, the very poor people who are characterised by low literacy levels and generally low, irregular and sporadic income, in most cases do not have the appropriate financial tools that fit their lifestyle and can help alleviate their poverty. Research shows that the poor need financial tools that are appropriate, flexible, convenient, quick and affordable. The mobile money channel and the agent network provide the best avenue so far for reaching the very poor, but the business case for serving this segment of the market has not been well developed to incentivise the main players to be actively involved. The findings in this paper are an amalgamation of three studies conducted in Kenya. The first study focused on developing case studies on how the prepaid and pay-as-you-go models riding on the rails of mobile money are being used to conveniently provide commodities and services to the very poor. The second study focused on the adoption drivers for mobile money at the base of the pyramid while the third evaluated the impact of pure mobile phone based micro-financing in Kenya. Building on literature about the poor and their money combined with evidence from the studies mentioned, the authors present practical and evidence-based recommendations to demonstrate that it takes additional players and innovative approaches to enable financial institutions and mobile network operators to develop and aggressively promote sophisticated financial services for the poor. The paper discusses key adoption drivers, lessons learnt about the characteristics and impact of new forms of financial services for the very poor. Design features for making financial services for the poor innovative and appropriate are discussed in the context of adoption drivers. The design features form a good basis for analysing the challenges of designing and deploying these products. Mobile money needs to be viewed more and more as a platform, as opposed to a product or service to be consumed. There is need for a deliberate effort to conduct multidisciplinary and all inclusive research and development on relevant products for thepoor that could be bundled with or ride on the rails of mobile money. Deploying and successfully managing services based on business models targeting the poor would require synergy between stakeholders, a vital ingredient that would facilitate financial inclusion and more broadly translate to benefits for the consumers.

The Economics of Banking and Finance in Africa

Author : Joshua Yindenaba Abor
Publisher : Springer Nature
ISBN 13 : 3031041623
Total Pages : 1093 pages
Book Rating : 4.0/5 (31 download)

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Book Synopsis The Economics of Banking and Finance in Africa by : Joshua Yindenaba Abor

Download or read book The Economics of Banking and Finance in Africa written by Joshua Yindenaba Abor and published by Springer Nature. This book was released on 2022-09-17 with total page 1093 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book evaluates the characteristics and developments in Africa’s financial systems, including monetary policy, structured finance, sustainable finance and banking, FinTech, RegTech, SupTech, inclusive finance, the role of regulation in dealing with banking crises, the impact of the COVID-19 pandemic on Africa’s financial systems and how to reform the post-COVID-19 financial systems. It is made up of contributions from scholars in finance and economics as well as financial market practitioners. Banking and the financial markets play a significant role in the growth of various economies. Although a number of handbooks on banking and finance exist, they mainly focus on Europe, America and Asia. Banks and financial markets in Africa are confronted with different challenges and therefore present a unique case to understand Africa’s financial systems. A number of African countries have experienced banking crises and it is important to examine these issues as well as the regulatory regimes required to address them. This edited book contributes to the limited texts in the area by providing a comprehensive resource on banking and finance for students, scholars, researchers, policymakers, and financial market practitioners. It contains various theoretical and empirical chapters on banking and finance in Africa.