Publication: Financial Inclusion Beyond Payments: Policy Considerations for Digital Savings
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2019-04-15
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2019-04-15
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The report discusses key policy issues that enable and constrain digital savings market development and offers policy considerations within the context of the G20’s High-Level Principles for Digital Financial Inclusion. Based on current market observations, three policy considerations seem most important for facilitating digital savings account deployments: Enable banking institutions to pursue digital savings partnerships with nonbank entities. Support the development of interoperability between banks and nonbank e-money issuers. Harmonize customer due diligence standards for emoney wallets and low-risk bank deposits.
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“World Bank Group. 2019. Financial Inclusion Beyond Payments: Policy Considerations for Digital Savings. © World Bank. http://hdl.handle.net/10986/31577 License: CC BY 3.0 IGO.”
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