Financial Inclusion Beyond Payments : Policy Considerations for Digital Savings
The report discusses key policy issues that enable and constrain digital savings market development and offers policy considerations within the context of the G20’s High-Level Principles for Digital Financial Inclusion. Based on current market obse...
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| Format: | Report |
| Language: | English |
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World Bank, Washington, DC
2019
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| Online Access: | http://documents.worldbank.org/curated/en/467421555393243557/Financial-Inclusion-Beyond-Payments-Policy-Considerations-for-Digital-Savings-Technical-Note http://hdl.handle.net/10986/31577 |
| Summary: | The report discusses key policy issues
that enable and constrain digital savings market development
and offers policy considerations within the context of the
G20’s High-Level Principles for Digital Financial Inclusion.
Based on current market observations, three policy
considerations seem most important for facilitating digital
savings account deployments: Enable banking institutions to
pursue digital savings partnerships with nonbank entities.
Support the development of interoperability between banks
and nonbank e-money issuers. Harmonize customer due
diligence standards for emoney wallets and low-risk bank deposits. |
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