Developing Digital Payment Services in the Middle East and North Africa : A Strategic Approach
This report discusses strengthening the provision of payment services in the countries of the Middle East and North Africa (MENA) region as an essential step to integrate their economies into the world of ‘digital finance and digital economy’ and t...
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| Language: | English |
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World Bank, Washington, DC
2021
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| Online Access: | http://documents.worldbank.org/curated/en/206121625810043720/Developing-Digital-Payment-Services-in-the-Middle-East-and-North-Africa-A-Strategic-Approach http://hdl.handle.net/10986/36000 |
| Summary: | This report discusses strengthening the
provision of payment services in the countries of the Middle
East and North Africa (MENA) region as an essential step to
integrate their economies into the world of ‘digital finance
and digital economy’ and to support economic development.
The report elaborates a strategic approach to the
development of sound and dynamic ecosystems for the
provision of digital payment services (DPS) as foundations
for effective financial digitalization and development of
digital economy in MENA countries. The report is not about
intervening in the MENA region through a coordinated
regional strategic plan; rather, it describes what MENA
countries should do to modernize their DPS ecosystems,
starting from their own initial conditions. To this purpose,
it identifies steps that are tailored to those initial
conditions and delineates a strategic approach that national
authorities may consider when designing their own strategy
for modernizing DPS. |
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