Publication: Mobile Money Services Development : The Cases of the Republic of Korea and Uganda
Date
2014-02
ISSN
Published
2014-02
Author(s)
Gutierrez, Eva
Choi, Tony
Abstract
This study intends to increase
understanding of how different types of mobile money
services have developed in different environments. For this
purpose, two countries were selected, the Republic of Korea
and Uganda. From these study cases, some conclusions emerge.
The development of mobile banking services can appear at
different stages of financial sector development, but it
requires a vibrant and competitive telecommunications
sector. The regulatory environment does not need to be very
sophisticated for the mobile industry to emerge. However,
some elements appear to be important. The legal framework
should allow (or at least not explicitly forbid) nonbank
financial institutions to issue money and use banking agents
or correspondents. To ensure wider use of the service by the
population, it is important to educate the population on the
benefits of mobile money services.
Citation
“Gutierrez, Eva; Choi, Tony. 2014. Mobile Money Services Development : The Cases of the Republic of Korea and Uganda. Policy Research Working Paper;No. 6786. © World Bank, Washington, DC. http://openknowledge.worldbank.org/handle/10986/17339 License: CC BY 3.0 IGO.”
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