Supervising Nonbank E-Money Issuers
Nonbank 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, priva...
| Main Authors: | , |
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| Language: | English en_US |
| Published: |
CGAP, Washington, DC
2014
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2012/07/17274320/supervising-nonbank-e-money-issuers http://hdl.handle.net/10986/17100 |
| Summary: | Nonbank 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. |
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