Law and Regulation of Mobile Payment Systems

Issues arising ‘post’ financial inclusion in Kenya

Nonfiction, Reference & Language, Law, Banking, Business
Cover of the book Law and Regulation of Mobile Payment Systems by Joy Malala, Taylor and Francis
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Joy Malala ISBN: 9781351728577
Publisher: Taylor and Francis Publication: November 28, 2017
Imprint: Routledge Language: English
Author: Joy Malala
ISBN: 9781351728577
Publisher: Taylor and Francis
Publication: November 28, 2017
Imprint: Routledge
Language: English

Over the last ten years mobile payment systems have revolutionised banking in some countries in Africa. In Kenya the introduction of M-Pesa, a new financial services model, has transformed the banking and financial services industry. Giving the unbanked majority access to the financial services market it has attracted over 18 million subscribers which is remarkable given that fewer than 4 million people in Kenya have bank accounts.

This book addresses the legal and regulatory issues arising out of the introduction of M-Pesa in Kenya and its drive towards financial inclusion. It considers the interaction between regulation and technological innovation with a particular focus on the regulatory tools, institutional arrangements and government decisional processes through the examination as a whole of its regulatory capacity. This is done with a view to understanding the regulatory capacity of Kenya in addressing the vulnerabilities presented by technological innovation in the financial industry for consumers after financial inclusion. It also examines the way that mobile payments have been regulated by criticising the piecemeal approach that the Central Bank of Kenya has taken in addressing the legal and regulatory issues presented by mobile payments. The book argues there are significant gaps in the regulatory regime of mobile banking in Kenya.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Over the last ten years mobile payment systems have revolutionised banking in some countries in Africa. In Kenya the introduction of M-Pesa, a new financial services model, has transformed the banking and financial services industry. Giving the unbanked majority access to the financial services market it has attracted over 18 million subscribers which is remarkable given that fewer than 4 million people in Kenya have bank accounts.

This book addresses the legal and regulatory issues arising out of the introduction of M-Pesa in Kenya and its drive towards financial inclusion. It considers the interaction between regulation and technological innovation with a particular focus on the regulatory tools, institutional arrangements and government decisional processes through the examination as a whole of its regulatory capacity. This is done with a view to understanding the regulatory capacity of Kenya in addressing the vulnerabilities presented by technological innovation in the financial industry for consumers after financial inclusion. It also examines the way that mobile payments have been regulated by criticising the piecemeal approach that the Central Bank of Kenya has taken in addressing the legal and regulatory issues presented by mobile payments. The book argues there are significant gaps in the regulatory regime of mobile banking in Kenya.

More books from Taylor and Francis

Cover of the book Children Speak For Themselves by Joy Malala
Cover of the book Food and Foodways in African Narratives by Joy Malala
Cover of the book Buddhism, Knowledge and Liberation by Joy Malala
Cover of the book Monarchy, Political Culture, and Drama in Seventeenth-Century Madrid by Joy Malala
Cover of the book Playing Boal by Joy Malala
Cover of the book The Philosophy of Schopenhauer by Joy Malala
Cover of the book Cyberbullying through the New Media by Joy Malala
Cover of the book The College Counselor's Guide to Group Psychotherapy by Joy Malala
Cover of the book Why are Some People Healthy and Others Not? by Joy Malala
Cover of the book Controversies in Local Economic Development by Joy Malala
Cover of the book Consumption, Media and Culture in South Africa by Joy Malala
Cover of the book Designing Video and Multimedia for Open and Flexible Learning by Joy Malala
Cover of the book Crime Control As Industry by Joy Malala
Cover of the book The Rise of Critical Animal Studies by Joy Malala
Cover of the book Methods in Philosophy of Education by Joy Malala
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy