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...

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Bibliographic Details
Main Authors: Lauer, Kate, Tarazi, Michael
Format: Brief
Language:English
en_US
Published: CGAP, Washington, DC 2014
Subjects:
Online Access:http://documents.worldbank.org/curated/en/2012/07/17274320/supervising-nonbank-e-money-issuers
http://hdl.handle.net/10986/17100
id okr-10986-17100
recordtype oai_dc
spelling okr-10986-171002021-04-23T14:03:33Z Supervising Nonbank E-Money Issuers Lauer, Kate Tarazi, Michael ACCOUNT BALANCES AUDITS BANK HOLDING BANK SUPERVISION BANKING SUPERVISION BANKRUPTCY BRANCHLESS BANKING CAPABILITY CENTRAL BANK COMPUTER SYSTEM CONSUMER PROTECTION CONSUMERS CREDITORS CRIMINAL PURPOSES CUSTOMER ACCOUNTS CUSTOMER BASE DATA PRIVACY DATA SECURITY DATA SECURITY BREACHES DEPOSIT DEPOSIT INSURANCE DEPOSITS DEVELOPING COUNTRIES E-MONEY FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL REGULATOR FINANCIAL SERVICES FINANCIAL SYSTEM FRAUD GENERAL PUBLIC HOLDING INNOVATIONS INSPECTION INSPECTIONS INSTRUMENT INSURANCE POLICY INSURER INTERNAL POLICIES INTERNATIONAL STANDARD ISSUANCE LIQUID INVESTMENT LIQUIDITY LIQUIDITY RATIO LIQUIDITY RISK MOBILE NETWORK MOBILE PHONE MONEY LAUNDERING MONEY TRANSFER MONEY TRANSFERS OUTSOURCING PARTNER BANK PAYMENT SERVICE PAYMENT SERVICES PAYMENT SYSTEMS PERSONAL INFORMATION PRIVATE SECTOR PROTECTION REQUIREMENTS PRUDENTIAL SUPERVISION PUBLIC FUNDS REGULATOR REGULATORS REGULATORY FRAMEWORK REGULATORY REQUIREMENTS REGULATORY SCHEMES REMITTANCE REMITTANCES RESULT RETAIL PAYMENT RETAIL PAYMENT SYSTEMS SAVINGS SAVINGS ACCOUNTS SERVICE PROVIDER SETTLEMENT SETTLEMENT RISK SETTLEMENT SYSTEMS SUPERVISION SUPERVISORY AUTHORITY SYSTEMIC RISK TELECOM TELECOMMUNICATIONS TERRORIST TRANSACTION 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. 2014-02-18T23:12:54Z 2014-02-18T23:12:54Z 2012-07 http://documents.worldbank.org/curated/en/2012/07/17274320/supervising-nonbank-e-money-issuers http://hdl.handle.net/10986/17100 English en_US CGAP brief; CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ CGAP, Washington, DC Publications & Research :: Brief Publications & Research
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
en_US
topic ACCOUNT BALANCES
AUDITS
BANK HOLDING
BANK SUPERVISION
BANKING SUPERVISION
BANKRUPTCY
BRANCHLESS BANKING
CAPABILITY
CENTRAL BANK
COMPUTER SYSTEM
CONSUMER PROTECTION
CONSUMERS
CREDITORS
CRIMINAL PURPOSES
CUSTOMER ACCOUNTS
CUSTOMER BASE
DATA PRIVACY
DATA SECURITY
DATA SECURITY BREACHES
DEPOSIT
DEPOSIT INSURANCE
DEPOSITS
DEVELOPING COUNTRIES
E-MONEY
FINANCIAL INSTITUTION
FINANCIAL INSTITUTIONS
FINANCIAL REGULATOR
FINANCIAL SERVICES
FINANCIAL SYSTEM
FRAUD
GENERAL PUBLIC
HOLDING
INNOVATIONS
INSPECTION
INSPECTIONS
INSTRUMENT
INSURANCE POLICY
INSURER
INTERNAL POLICIES
INTERNATIONAL STANDARD
ISSUANCE
LIQUID INVESTMENT
LIQUIDITY
LIQUIDITY RATIO
LIQUIDITY RISK
MOBILE NETWORK
MOBILE PHONE
MONEY LAUNDERING
MONEY TRANSFER
MONEY TRANSFERS
OUTSOURCING
PARTNER BANK
PAYMENT SERVICE
PAYMENT SERVICES
PAYMENT SYSTEMS
PERSONAL INFORMATION
PRIVATE SECTOR
PROTECTION REQUIREMENTS
PRUDENTIAL SUPERVISION
PUBLIC FUNDS
REGULATOR
REGULATORS
REGULATORY FRAMEWORK
REGULATORY REQUIREMENTS
REGULATORY SCHEMES
REMITTANCE
REMITTANCES
RESULT
RETAIL PAYMENT
RETAIL PAYMENT SYSTEMS
SAVINGS
SAVINGS ACCOUNTS
SERVICE PROVIDER
SETTLEMENT
SETTLEMENT RISK
SETTLEMENT SYSTEMS
SUPERVISION
SUPERVISORY AUTHORITY
SYSTEMIC RISK
TELECOM
TELECOMMUNICATIONS
TERRORIST
TRANSACTION
spellingShingle ACCOUNT BALANCES
AUDITS
BANK HOLDING
BANK SUPERVISION
BANKING SUPERVISION
BANKRUPTCY
BRANCHLESS BANKING
CAPABILITY
CENTRAL BANK
COMPUTER SYSTEM
CONSUMER PROTECTION
CONSUMERS
CREDITORS
CRIMINAL PURPOSES
CUSTOMER ACCOUNTS
CUSTOMER BASE
DATA PRIVACY
DATA SECURITY
DATA SECURITY BREACHES
DEPOSIT
DEPOSIT INSURANCE
DEPOSITS
DEVELOPING COUNTRIES
E-MONEY
FINANCIAL INSTITUTION
FINANCIAL INSTITUTIONS
FINANCIAL REGULATOR
FINANCIAL SERVICES
FINANCIAL SYSTEM
FRAUD
GENERAL PUBLIC
HOLDING
INNOVATIONS
INSPECTION
INSPECTIONS
INSTRUMENT
INSURANCE POLICY
INSURER
INTERNAL POLICIES
INTERNATIONAL STANDARD
ISSUANCE
LIQUID INVESTMENT
LIQUIDITY
LIQUIDITY RATIO
LIQUIDITY RISK
MOBILE NETWORK
MOBILE PHONE
MONEY LAUNDERING
MONEY TRANSFER
MONEY TRANSFERS
OUTSOURCING
PARTNER BANK
PAYMENT SERVICE
PAYMENT SERVICES
PAYMENT SYSTEMS
PERSONAL INFORMATION
PRIVATE SECTOR
PROTECTION REQUIREMENTS
PRUDENTIAL SUPERVISION
PUBLIC FUNDS
REGULATOR
REGULATORS
REGULATORY FRAMEWORK
REGULATORY REQUIREMENTS
REGULATORY SCHEMES
REMITTANCE
REMITTANCES
RESULT
RETAIL PAYMENT
RETAIL PAYMENT SYSTEMS
SAVINGS
SAVINGS ACCOUNTS
SERVICE PROVIDER
SETTLEMENT
SETTLEMENT RISK
SETTLEMENT SYSTEMS
SUPERVISION
SUPERVISORY AUTHORITY
SYSTEMIC RISK
TELECOM
TELECOMMUNICATIONS
TERRORIST
TRANSACTION
Lauer, Kate
Tarazi, Michael
Supervising Nonbank E-Money Issuers
relation CGAP brief;
description 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.
format Publications & Research :: Brief
author Lauer, Kate
Tarazi, Michael
author_facet Lauer, Kate
Tarazi, Michael
author_sort Lauer, Kate
title Supervising Nonbank E-Money Issuers
title_short Supervising Nonbank E-Money Issuers
title_full Supervising Nonbank E-Money Issuers
title_fullStr Supervising Nonbank E-Money Issuers
title_full_unstemmed Supervising Nonbank E-Money Issuers
title_sort supervising nonbank e-money issuers
publisher CGAP, Washington, DC
publishDate 2014
url http://documents.worldbank.org/curated/en/2012/07/17274320/supervising-nonbank-e-money-issuers
http://hdl.handle.net/10986/17100
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