Lauer, KateTarazi, Michael2014-02-182014-02-182012-07https://hdl.handle.net/10986/17100Nonbank 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.en-USCC BY 3.0 IGOACCOUNT BALANCESAUDITSBANK HOLDINGBANK SUPERVISIONBANKING SUPERVISIONBANKRUPTCYBRANCHLESS BANKINGCAPABILITYCENTRAL BANKCOMPUTER SYSTEMCONSUMER PROTECTIONCONSUMERSCREDITORSCRIMINAL PURPOSESCUSTOMER ACCOUNTSCUSTOMER BASEDATA PRIVACYDATA SECURITYDATA SECURITY BREACHESDEPOSITDEPOSIT INSURANCEDEPOSITSDEVELOPING COUNTRIESE-MONEYFINANCIAL INSTITUTIONFINANCIAL INSTITUTIONSFINANCIAL REGULATORFINANCIAL SERVICESFINANCIAL SYSTEMFRAUDGENERAL PUBLICHOLDINGINNOVATIONSINSPECTIONINSPECTIONSINSTRUMENTINSURANCE POLICYINSURERINTERNAL POLICIESINTERNATIONAL STANDARDISSUANCELIQUID INVESTMENTLIQUIDITYLIQUIDITY RATIOLIQUIDITY RISKMOBILE NETWORKMOBILE PHONEMONEY LAUNDERINGMONEY TRANSFERMONEY TRANSFERSOUTSOURCINGPARTNER BANKPAYMENT SERVICEPAYMENT SERVICESPAYMENT SYSTEMSPERSONAL INFORMATIONPRIVATE SECTORPROTECTION REQUIREMENTSPRUDENTIAL SUPERVISIONPUBLIC FUNDSREGULATORREGULATORSREGULATORY FRAMEWORKREGULATORY REQUIREMENTSREGULATORY SCHEMESREMITTANCEREMITTANCESRESULTRETAIL PAYMENTRETAIL PAYMENT SYSTEMSSAVINGSSAVINGS ACCOUNTSSERVICE PROVIDERSETTLEMENTSETTLEMENT RISKSETTLEMENT SYSTEMSSUPERVISIONSUPERVISORY AUTHORITYSYSTEMIC RISKTELECOMTELECOMMUNICATIONSTERRORISTTRANSACTION10.1596/17100