Gutierrez, EvaChoi, Tony2014-03-182014-03-182014-02https://hdl.handle.net/10986/17339This 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.en-USCC BY 3.0 IGOACCOUNT BALANCEAFFILIATEANTI-MONEY LAUNDERINGATMAUTOMOBILEBACK-UPBANDWIDTHBANK ACCOUNTBANK ACCOUNTSBANK BRANCHESBANK CUSTOMERSBANK OF KOREABANK SERVICESBANKING MODELSBANKING SERVICEBANKING SERVICESBAR CODEBILL PAYMENTBROADBANDBROADBAND SERVICESBROWSERBROWSERSBUSINESS MODELSCABLE TELEVISIONCAPABILITIESCELLULAR TELEPHONESCOMMERCIAL BANKCOMMERCIAL BANKINGCOMMERCIAL BANKSCOMMUNICATION NETWORKCOMMUNICATION STANDARDCOMMUNICATION TECHNOLOGIESCOMPUTERSCONFIDENTIALITYCONFIDENTIALITY OF DATACONSUMER PROTECTIONCONSUMER PROTECTION REGULATIONCONSUMER RIGHTSCREDIT CARDCREDIT CARD COMPANIESCREDIT CARDSCUSTOMER SATISFACTIONCUSTOMSDATA PROTECTIONDATA SERVICESDEBIT CARDSDEPOSITDEVELOPING COUNTRIESDIGITAL SIGNATUREDIGITAL TRANSACTIONDIRECT DEBITDISTRIBUTION CHANNELDOMESTIC SECURITYDUE DILIGENCEECONOMIC DEVELOPMENTECONOMIC EFFECTSECONOMIC GROWTHECONOMIC REFORMSELECTRICITYELECTRONIC CASHELECTRONIC FINANCIAL TRANSACTIONELECTRONIC FINANCIAL TRANSACTIONSELECTRONIC PAYMENTELECTRONIC PAYMENT SYSTEMSELECTRONIC SIGNATUREELECTRONIC SIGNATURE LAWELECTRONIC TRANSACTIONSENABLING ENVIRONMENTERAFACE-TO-FACE TRANSACTIONFINANCIAL ACTIVITIESFINANCIAL DEVELOPMENTFINANCIAL INFORMATIONFINANCIAL INSTITUTIONFINANCIAL INSTITUTIONSFINANCIAL MARKETFINANCIAL MARKET DEVELOPMENTFINANCIAL SECTORFINANCIAL SECTOR DEVELOPMENTFINANCIAL SERVICESFINANCIAL STABILITYFINANCIAL TRANSACTIONFINANCIAL TRANSACTIONSGLOBALIZATIONGOVERNMENT REVENUESHOUSINGICTID NUMBERIDENTIFICATION INFORMATIONIDENTIFICATION TECHNOLOGYIDENTITY MODULEINCOMEINCOME DISTRIBUTIONINFLATIONINFORMATION PROTECTIONINFORMATION SERVICESINFORMATION TECHNOLOGYINNOVATIONINNOVATIONSINSTITUTIONAL DEVELOPMENTINSURANCEINTERFACEINTERNATIONAL BANKINTERNET ACCESSINTERNET BANKINGINTEROPERABILITYLABOR FORCELEGAL FRAMEWORKLEGISLATIONLIQUIDITYLOGGINGLOW-INCOME COUNTRYMARKET DEMANDMARKET DEVELOPMENTMARKET SHAREMARKET SHARESMARKETINGMARKETING STRATEGYMENUMICRO PAYMENTMOBILE ACCESSMOBILE APPLICATIONMOBILE BANKINGMOBILE COMMUNICATIONMOBILE COMMUNICATIONSMOBILE DEVICESMOBILE NETWORKMOBILE PHONEMOBILE PHONESMOBILE SERVICEMOBILE SERVICESMOBILE TELEPHONYMOBILE TRANSACTIONSMONEY TRANSFERMULTIPLE ACCESSNATURAL RESOURCESNETWORK SERVICENETWORK TRAFFICNEW ENTRANTSNEW TECHNOLOGIESNONBANK FINANCIAL INSTITUTIONSNONBANKSNUMBER OF USERSOILOPEN ACCESSOPERATING SYSTEMOPERATING SYSTEMSPAYMENT FUNCTIONPAYMENT METHODSPAYMENT PLATFORMPAYMENT SERVICEPAYMENT SERVICESPAYMENT SYSTEMPAYMENT SYSTEMSPAYMENT TRANSACTIONSPAYMENTS SYSTEMPENALTIESPENETRATION RATEPENSIONPHONE NUMBERPORTABILITYPRIVATE SECTORPRIVATE SECTOR DEVELOPMENTPUBLIC TRANSPORTPUBLIC TRANSPORTATIONRADIORADIO COMMUNICATIONRADIO FREQUENCYRADIO FREQUENCY IDENTIFICATIONRADIO-FREQUENCY IDENTIFICATIONRAPID ECONOMIC GROWTHREGULATORY ENVIRONMENTREGULATORY ENVIRONMENTSREGULATORY FRAMEWORKREGULATORY FRAMEWORKSRELIABILITYREMOTE AREASRESULTRETAIL PAYMENTRETAIL PAYMENTSRFIDSAVINGSSCAMSSCIENTIFIC RESEARCHSERVICE PROVIDERSERVICE PROVIDERSSET OF STANDARDSSITESSMART CARDSMART CARD COMPANIESSMART CARDSSMART PHONESMART PHONESSTAKEHOLDERSSTREAMSSUBSCRIBER IDENTITY MODULESUPERVISIONTAXTECHNICAL STANDARDTECHNOLOGICAL DEVELOPMENTSTELECOMTELECOMMUNICATIONTELECOMMUNICATIONSTELECOMMUNICATIONS INFRASTRUCTURETELEPHONETELEPHONE SERVICETELEPHONESTERRORISTTRANSACTION SERVICESUCCUSERUSERSWIRELESS APPLICATIONWIRELESS APPLICATION PROTOCOLWIRELESS NETWORKWIRELESS TECHNOLOGIESWORLD ECONOMIES10.1596/1813-9450-6786