Publication:
From Remittances to M-Payments: Understanding 'Alternative' Means of Payment within the Common Framework of Retail Payment System Regulation

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dc.contributor.authorWorld Bank
dc.date.accessioned2015-07-07T22:40:50Z
dc.date.available2015-07-07T22:40:50Z
dc.date.issued2012-10
dc.description.abstractRetail payment systems play an important role in the smooth functioning of any economy, and thus any inefficiency in the retail payments market can send negative effects cascading throughout the financial realm. The World Bank Global Payment Systems Survey 2010 has shown that inefficiencies persist in the payment systems of many middle-income and low-income countries, with cash continuing to be the most widely used instrument for small-value payments. A number of issues are responsible for this pattern, and the lack of a coherent, holistic strategy for the development of retail payment systems is among the most common. The lessons learned during more than a decade of World Bank Group technical assistance, along with the research findings of other international and national agencies, have been merged into a comprehensive package for the development and reform of the national retail payments system: a) developing a comprehensive national retail payments strategy aims to provide public authorities and market participants with detailed guidance on how to develop and implement a comprehensive, strategic retail payments reform ; b) a practical guide for retail payments stocktaking identifies a methodology for undertaking a detailed stocktaking of a countrys retail payments landscape; c) from remittances to m-payments: Understanding alternative means of payment within the common framework of retail payments system regulation explores the development of a normative framework to underpin an efficient retail payments industry, including the so-called innovative payment mechanisms; and d) innovations in retail payments worldwide: a snapshot: outcomes of the global survey on innovations in retail payments instruments and methods 2010 presents the results of the first World Bank survey among central banks that collected information on innovative retail payment products and programs.en
dc.identifierhttp://documents.worldbank.org/curated/en/2015/05/18821506/remittances-m-payments-understanding-alternative-means-payment-within-common-framework-retail-payments-system-regulation
dc.identifier.doi10.1596/22121
dc.identifier.urihttps://hdl.handle.net/10986/22121
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC
dc.relation.ispartofseriesFinancial infrastructure series;
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCESS TO PAYMENT SYSTEMS
dc.subjectANTI-MONEY LAUNDERING
dc.subjectATM
dc.subjectAUTHORIZATION
dc.subjectAUTONOMY
dc.subjectBANK ACCOUNTS
dc.subjectBANK BRANCHES
dc.subjectBANK DEPOSIT
dc.subjectBANK POLICY
dc.subjectBANK TRANSFER
dc.subjectBANKING INSTITUTIONS
dc.subjectBANKING SECTOR
dc.subjectBANKING SERVICES
dc.subjectBLACK MARKET
dc.subjectBRANCHLESS BANKING
dc.subjectBUSINESS ACTIVITIES
dc.subjectBUSINESS ENVIRONMENT
dc.subjectBUSINESS MODEL
dc.subjectBUSINESS MODELS
dc.subjectBUSINESS OF ELECTRONIC MONEY
dc.subjectBUSINESS PERSPECTIVES
dc.subjectBUSINESS PLAN
dc.subjectBUSINESS SECTOR
dc.subjectBUYER
dc.subjectCAPITAL REQUIREMENTS
dc.subjectCASHLESS SYSTEM
dc.subjectCENTRAL BANKS
dc.subjectCIVIL LAW
dc.subjectCLOSED NETWORKS
dc.subjectCOLLATERALIZATION
dc.subjectCOMMUNICATION NETWORKS
dc.subjectCOMMUNICATION SERVICES
dc.subjectCOMMUNICATION TECHNOLOGIES
dc.subjectCOMMUNICATIONS NETWORK
dc.subjectCOMPARABLE GUARANTEE
dc.subjectCOMPETITIVENESS
dc.subjectCOMPUTERS
dc.subjectCONSUMER PROTECTION
dc.subjectCONTRACTUAL RELATIONSHIP
dc.subjectCOPYRIGHT
dc.subjectCOST-EFFECTIVENESS
dc.subjectCREDIT CARD
dc.subjectCREDIT CARDS
dc.subjectCREDIT INSTITUTION
dc.subjectCREDIT INSTITUTIONS
dc.subjectCREDIT LINE
dc.subjectCREDIT LINES
dc.subjectCREDITORS
dc.subjectCURRENT ACCOUNTS
dc.subjectCUSTODY
dc.subjectCUSTODY SERVICES
dc.subjectDEPOSIT
dc.subjectDEPOSITS
dc.subjectDIGITAL DEVICES
dc.subjectDURABLE
dc.subjectE-MAIL
dc.subjectE-MONEY
dc.subjectECONOMIC ACTIVITY
dc.subjectELECTRONIC DEVICE
dc.subjectELECTRONIC MONEY INSTITUTION
dc.subjectELECTRONIC MONEY INSTITUTIONS
dc.subjectELECTRONIC PAYMENTS
dc.subjectEMERGING ECONOMIES
dc.subjectEND-USERS
dc.subjectEUROPEAN CENTRAL BANK
dc.subjectFINAL SETTLEMENT
dc.subjectFINANCIAL AUTHORITIES
dc.subjectFINANCIAL ENTITIES
dc.subjectFINANCIAL INFRASTRUCTURE
dc.subjectFINANCIAL INSTITUTION
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL PERFORMANCE
dc.subjectFINANCIAL SERVICE
dc.subjectFINANCIAL SERVICE PROVIDERS
dc.subjectFINANCIAL SERVICES
dc.subjectFINANCIAL SYSTEM
dc.subjectFOREIGN CURRENCY
dc.subjectGLOBAL BANKS
dc.subjectGLOBAL PAYMENT
dc.subjectHOLDING
dc.subjectIDENTIFICATION
dc.subjectINDIVIDUAL TRANSACTIONS
dc.subjectINNOVATION
dc.subjectINNOVATIONS
dc.subjectINSTITUTIONAL DEVELOPMENT
dc.subjectINSURANCE
dc.subjectINSURANCE POLICY
dc.subjectINTERNAL CONTROL
dc.subjectINTERNAL CONTROLS
dc.subjectINTERNATIONAL BANK
dc.subjectINTERNATIONAL LAW
dc.subjectINTEROPERABILITY
dc.subjectISSUANCE
dc.subjectISSUERS
dc.subjectLEGAL FRAMEWORK
dc.subjectLEGAL PROTECTION
dc.subjectLEGAL STATUS
dc.subjectLEGAL SYSTEM
dc.subjectLEGISLATION
dc.subjectLEVEL PLAYING FIELD
dc.subjectLIABILITY
dc.subjectLICENSE
dc.subjectLICENSES
dc.subjectLIQUIDITY
dc.subjectLIQUIDITY RISK
dc.subjectMARKET COMPETITION
dc.subjectMARKET PARTICIPANTS
dc.subjectMARKET STRUCTURE
dc.subjectMATERIAL
dc.subjectMINISTRIES OF FINANCE
dc.subjectMOBILE BANKING
dc.subjectMOBILE NETWORK
dc.subjectMOBILE PHONE
dc.subjectMOBILE PHONES
dc.subjectMONETARY POLICY
dc.subjectMONEY TRANSFER
dc.subjectMONEY TRANSFERS
dc.subjectNETWORKS
dc.subjectNEW ENTRANTS
dc.subjectNEW TECHNOLOGIES
dc.subjectNUMBER OF USERS
dc.subjectOLIGOPOLIES
dc.subjectOPEN ACCOUNTS
dc.subjectOPEN ECONOMY
dc.subjectOPERATIONAL EFFICIENCY
dc.subjectOPERATIONAL FUNCTION
dc.subjectOPERATIONAL FUNCTIONS
dc.subjectOPERATIONAL RISK
dc.subjectOUTSOURCING
dc.subjectPAYMENT CARDS
dc.subjectPAYMENT INSTRUMENT
dc.subjectPAYMENT INSTRUMENTS
dc.subjectPAYMENT MECHANISMS
dc.subjectPAYMENT PRODUCTS
dc.subjectPAYMENT SERVICE
dc.subjectPAYMENT SERVICES
dc.subjectPAYMENT SYSTEM
dc.subjectPAYMENT SYSTEMS
dc.subjectPAYMENT TRANSACTION
dc.subjectPAYMENT TRANSACTIONS
dc.subjectPAYMENTS INFRASTRUCTURE
dc.subjectPAYMENTS INSTRUMENTS
dc.subjectPAYMENTS SERVICE
dc.subjectPAYMENTS SERVICES
dc.subjectPAYMENTS SYSTEM
dc.subjectPAYPAL
dc.subjectPERFORMANCES
dc.subjectPHYSICAL ACCESS
dc.subjectPOS
dc.subjectPOST OFFICE
dc.subjectPOST OFFICES
dc.subjectPREPAID CARDS
dc.subjectPRIVATE SECTOR
dc.subjectPRIVATE SECTOR DEVELOPMENT
dc.subjectPRUDENTIAL REQUIREMENTS
dc.subjectPRUDENTIAL SUPERVISION
dc.subjectPUBLIC POLICY
dc.subjectQUERIES
dc.subjectREAL TIME SETTLEMENT
dc.subjectREGISTRY
dc.subjectREGULATORY CONSTRAINTS
dc.subjectREGULATORY ENVIRONMENT
dc.subjectREGULATORY FRAMEWORK
dc.subjectREMITTANCE
dc.subjectREMITTANCE SERVICE
dc.subjectREMITTANCE SERVICES
dc.subjectREMITTANCES
dc.subjectRESULT
dc.subjectRESULTS
dc.subjectRETAIL MARKET
dc.subjectRETAIL PAYMENT
dc.subjectRETAIL PAYMENT SYSTEM
dc.subjectRETAIL PAYMENT SYSTEMS
dc.subjectRETAIL PAYMENTS
dc.subjectRISK ASSESSMENT
dc.subjectRISK EXPOSURES
dc.subjectRISK MANAGEMENT
dc.subjectSEARCH
dc.subjectSEARCH FACILITIES
dc.subjectSEGREGATION
dc.subjectSERVER
dc.subjectSERVICE PROVIDER
dc.subjectSETTLEMENT INFRASTRUCTURE
dc.subjectSETTLEMENT OF TRANSACTIONS
dc.subjectSETTLEMENT SYSTEMS
dc.subjectSMALL BUSINESS
dc.subjectSUBSIDIARY
dc.subjectSUPERMARKETS
dc.subjectSUPERVISION
dc.subjectSYSTEMIC RISK
dc.subjectTECHNICAL ASSISTANCE
dc.subjectTECHNOLOGY-NEUTRAL
dc.subjectTELECOM
dc.subjectTELECOMMUNICATION
dc.subjectTELECOMMUNICATION NETWORK
dc.subjectTELECOMMUNICATIONS
dc.subjectTELEPHONE
dc.subjectTHIRD PARTIES
dc.subjectTRACEABILITY
dc.subjectTRADITIONAL BANKING
dc.subjectTRANSFER OF INFORMATION
dc.subjectTRANSPARENCY
dc.subjectTURNOVER
dc.subjectUSER
dc.subjectUSER RELATIONSHIP
dc.subjectVALUE CHAIN
dc.subjectVERIFICATION
dc.subjectWITHDRAWAL
dc.titleFrom Remittances to M-Paymentsen
dc.title.subtitleUnderstanding 'Alternative' Means of Payment within the Common Framework of Retail Payment System Regulationen
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.date.disclosure2015-05-13
okr.date.doiregistration2025-05-05T12:53:16.995945Z
okr.doctypePublications & Research
okr.doctypePublications & Research::Working Paper
okr.docurlhttp://documents.worldbank.org/curated/en/2015/05/18821506/remittances-m-payments-understanding-alternative-means-payment-within-common-framework-retail-payments-system-regulation
okr.globalpracticeFinance and Markets
okr.guid790671468278747416
okr.identifier.externaldocumentum000333037_20140120124049
okr.identifier.internaldocumentum18821506
okr.identifier.report84079
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2015/05/13/090224b0828c939b/1_0/Rendered/PDF/From0remittanc0ts0system0regulation.pdfen
okr.sectorPayments, settlements, and remittance systems
okr.sectorFinance
okr.themeFinancial and private sector development :: Infrastructure services for private sector development
okr.topicPayment Systems Infrastructure
okr.topicFinance and Financial Sector Development::E-Finance and E-Security
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicPrivate Sector Development::E-Business
okr.topicFinance and Financial Sector Development::Banks & Banking Reform
okr.unitFinance Markets - GP - IBRD (GFMDR)
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