Publication:
Insolvency of Mobile Money Firms in Developing Countries: Overview for Policy Makers

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dc.contributor.authorMartinez, Andres F.
dc.contributor.authorPaterson, Will
dc.contributor.authorGreenacre, Jonathan
dc.date.accessioned2024-02-13T19:32:08Z
dc.date.available2024-02-13T19:32:08Z
dc.date.issued2024-02-13
dc.description.abstractE-money services have become increasingly popular, particularly in developing countries. These services, offered by providers other than traditional banks, enable customers to deposit, store, transfer value, and, in some cases, convert e-money back into cash. A key e-money service is mobile money. This note provides an overview of the challenges policy makers may encounter when a mobile money firm becomes insolvent. Such firms would likely be subject to corporate insolvency laws. Existing mitigation tools meant to safeguard customers’ funds may face legal and logistical problems unless they are coordinated with the country’s standard insolvency system. Customers may lose funds and/or not have quick access to them. The note also highlights several areas requiring further research.en
dc.identifierhttp://documents.worldbank.org/curated/en/099020624142583508/P175664171607a0121a1a21c56197cedafb
dc.identifier.doi10.1596/41058
dc.identifier.urihttps://openknowledge.worldbank.org/handle/10986/41058
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC: World Bank
dc.relation.ispartofseriesEquitable Growth, Finance and Institutions Notes - Finance
dc.rightsCC BY-NC 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttps://creativecommons.org/licenses/by-nc/3.0/igo
dc.subjectMOBILE MONEY
dc.subjectE-MONEY
dc.subjectFIRMS
dc.subjectINSOLVENCY
dc.titleInsolvency of Mobile Money Firms in Developing Countriesen
dc.title.subtitleOverview for Policy Makersen
dc.typeReport
dspace.entity.typePublication
okr.crossref.titleInsolvency of Mobile Money Firms in Developing Countries: Overview for Policy Makers
okr.date.disclosure2024-02-13
okr.date.lastmodified2024-02-09T00:00:00Zen
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/099020624142583508/P175664171607a0121a1a21c56197cedafb
okr.guid099020624142583508
okr.identifier.docmidP175664-71607aff-24fc-4212-a1a2-c56197cedafb
okr.identifier.doihttp://dx.doi.org/10.1596/41058
okr.identifier.externaldocumentum34255310
okr.identifier.internaldocumentum34255310
okr.identifier.report187644
okr.import.id3156
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099020624142583508/pdf/P175664171607a0121a1a21c56197cedafb.pdfen
okr.region.geographicalWorld
okr.sectorPublic Administration - Financial Sector
okr.themeFinancial Infrastructure and Access,Data Development and Capacity Building,Rule of Law,Financial Stability,Legal Institutions for a Market Economy,MSME Finance,Finance,Credit Infrastructure,Public Sector Management,Data production, accessibility and use,Financial Sector oversight and policy/banking regulation & restructuring
okr.topicFinance and Financial Sector Development::E-Finance and E-Security
okr.unitEFI-FCI-Fin.Incl.
okr.unitInfra&Acc (EFNFI)
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