Klein, MichaelMayer, Colin2012-03-192012-03-192011-05-01https://hdl.handle.net/10986/3427Mobile banking is growing at a remarkable speed around the world. In the process it is creating considerable uncertainty about the appropriate regulatory response to this newly emerging service. This paper sets out a framework for considering the design of regulation of mobile banking. Since it lies at the interface between financial services and telecoms, mobile banking also raises competition policy and interoperability issues that are discussed in the paper. Finally, by unbundling payments services into its component parts, mobile banking provides important lessons for the design of financial regulation more generally in developed as well as developing economies.CC BY 3.0 IGOACCESS PRICINGACCESS TO FINANCEACCESS TO PAYMENTSACCOUNT HOLDERACCOUNT HOLDERSACCOUNT OWNERSACCOUNTINGADVANCED ECONOMIESANTI-MONEY LAUNDERINGANTI-MONEY LAUNDERING LEGISLATIONASSET CLASSESATMBANK ACCOUNTBANK ACCOUNTSBANK BRANCHBANK BRANCHESBANK DEPOSITSBANK FOR INTERNATIONAL SETTLEMENTSBANK REGULATIONBANKING MODELSBANKING REGULATIONBANKING SERVICESBANKING SUPERVISIONBANKING SYSTEMBANKSBARRIERBARRIER TO ENTRYBASICBENEFICIARYBOOK ENTRYBOOK-ENTRYBORROWINGBUSINESS MODELSCAPITAL ADEQUACYCAPITAL CONTROLCAPITAL REQUIREMENTSCASH ECONOMYCASH MANAGEMENTCASH WITHDRAWALSCENTRAL BANKCHECKING ACCOUNTCHECKSCLEARING SYSTEMSCOLLATERALCOMMERCIAL BANKINGCOMMERCIAL LAWCOMMUNICATION TECHNOLOGIESCOMMUNITIESCOMPETITION POLICYCOMPETITIVE MARKETSCOMPONENTSCONSUMER PROTECTIONCONTRACTUAL RELATIONSHIPCREDIT CARDCREDIT CARDSCREDIT GROWTHCREDITSCUSTODYCUSTOMER DEMANDDEPOSITDEPOSIT INSURANCEDEPOSITORDEPOSITORSDEPOSITSDEVELOPING COUNTRIESDEVELOPING ECONOMIESDEVICESDISCLOSURE REQUIREMENTSDISPUTE RESOLUTIONDIVERSIFICATIONE-MONEYECONOMIC ACTIVITYECONOMIC POLICYELECTRONIC ACCOUNTELECTRONIC FORMSELECTRONIC PAYMENTSELECTRONIC TRANSFERSEMERGING MARKETSEMPLOYEEEXPENDITUREEXTERNALITIESFAIR PRICEFINANCIAL DEVELOPMENTFINANCIAL REGULATIONFINANCIAL REGULATORSFINANCIAL REVOLUTIONFINANCIAL RISKSFINANCIAL SERVICESFINANCIAL SYSTEMFINANCIAL SYSTEMSFINANCIAL TRANSACTIONSFINANCIAL VIABILITYFOREIGN CURRENCYFRAUDHEALTH SERVICESHOLDINGHOUSEHOLD APPLIANCESINCOME LEVELINCUMBENT PROVIDERSINFLATIONINNOVATIONSINSTITUTIONAL INFRASTRUCTUREINSTRUMENTINSURANCEINTEREST INCOMEINTERNATIONAL BANKINTERNATIONAL DEVELOPMENTINTEROPERABILITYINVESTINGINVESTMENT BANKINGINVESTMENT RISKINVESTMENT RISKSLEGAL BARRIERSLEGAL PROTECTIONLEGISLATIONLIQUIDITYLOANLOAN PAYMENTSLOAN PRODUCTSLOCAL CURRENCYMARGINAL COSTSMARKET FAILUREMARKET PARTICIPANTSMARKET SHAREMATURITYMATURITY TRANSFORMATIONMEANS OF EXCHANGEMERCHANTMERCHANTSMICRO-FINANCEMICRO-LENDINGMICROCREDITMICROFINANCEMOBILE BANKINGMOBILE PAYMENT SYSTEMMOBILE PHONEMOBILE PHONESMODERN FINANCIAL SYSTEMSMONETARY AUTHORITIESMONEY SUPPLYMONEY TRANSFERMONOPOLYNETWORK INDUSTRIESNETWORKSNEW BUSINESSNEW ENTRANTSNEW TECHNOLOGIESNEW TECHNOLOGYNOW ACCOUNTSOPERATIONAL RISKOUTPUTPAYMENT MECHANISMPAYMENT MECHANISMSPAYMENT OBLIGATIONSPAYMENT OF INTERESTPAYMENT SERVICESPAYMENT SYSTEMPAYMENT SYSTEMSPAYMENTS SERVICESPAYMENTS SYSTEMPAYMENTS SYSTEMSPHONE BANKINGPOINT OF SALEPOINT-OF-SALEPORTFOLIOSPOST OFFICEPRIVATE INFRASTRUCTUREPRIVATE SECTOR DEVELOPMENTPROFITABILITYPRUDENTIAL REGULATIONRECEIPTSREGISTRATION REQUIREMENTSREGULATORREGULATORY APPROACHESREGULATORY AUTHORITIESREGULATORY REQUIREMENTSREGULATORY SYSTEMREGULATORY TREATMENTREMITTANCEREMITTANCESREPAYMENTSRETURNRETURNSRISK OF LOSSSAFE INSTRUMENTSSAVINGSSETTLEMENTSETTLEMENT SYSTEMSUBSIDIARYSYSTEMIC RISKSTAXTELECOMMUNICATIONSTELEPHONE SERVICETERMINALSTRADITIONAL BANKINGTRANSACTIONTRANSACTION COSTSTRANSPARENCYTRANSPORTUNIONVILLAGESWITHDRAWALWITHDRAWAL FEEWorld Bank10.1596/1813-9450-5664