Publication: Supervising Nonbank E-Money Issuers
Date
2012-07
ISSN
Published
2012-07
Author(s)
Lauer, Kate
Tarazi, Michael
Abstract
Nonbank e-money issuers (NEMIs) can play
an important role in providing an array of financial
services - particularly payments, transfers, and savings -
for those who are currently excluded from the formal
financial system. In some countries, private sector interest
in establishing NEMI operations has been hindered by policy
maker concerns over the lack of a clear supervisory
framework for this relatively new category of financial
institution. In light of this, CGAP researched the current
supervisory practice in 10 countries that permit NEMIs and
found that while few have a clear supervisory approach, all
engage in minimal post-licensing supervision.
Citation
“Lauer, Kate; Tarazi, Michael. 2012. Supervising Nonbank E-Money Issuers. CGAP brief;. © CGAP, Washington, DC. http://openknowledge.worldbank.org/handle/10986/17100 License: CC BY 3.0 IGO.”