Marina Solin examines South Africa’s AML/KYC regulation, which provides a good example of the principal of proportionality being applied while allowing for a good mobile experience for customers. As regulators and mobile money providers review the article, consider the following question: which elements of South Africa’s AML/KYC solution can other countries replicate?
Archive
Archive for March, 2009
Industry’s Favourite Regulatory Solution: South Africa’s AML Regulation
By: Marina Solin: March 30th, 2009Mobilising Money Through Enabling Regulation
By: Marina Solin: March 30th, 2009David Porteous introduces the key dimensions of a regulatory environment – openness and certainty – and illustrates the concept by plotting four countries that are active in mobile banking. As regulators and mobile money providers review the article, consider the following question: what is the right balance between openness and certainty and how can regulators find it?
Interview with CEO of Celpay
By: Paul Leishman: March 30th, 2009The Mobile Money for the Unbanked 2009 Annual Report will include a detailed case study on the Zambian mobile money market, including analysis of the marketing, agent distribution and technology approaches used by Celpay and new entrant, Mobile Transactions. The report also includes an overview of the Zambian regulatory environment based on a series of conversations with Payment Systems regulators. In anticipation of this case study, an interview with Lazarus Muchenje, CEO of Celpay, has been provided. The interview was first published in the Q1 2009 Quarterly Update.
Mobile Money Launch Learnings: Zain Zap
By: Paul Leishman: March 30th, 2009The following interview with George Held, Group Marketing Director of Zain’s One Network, was originally published in the Q1 2009 MMU Quarterly Update. In the interview, George details his projections for customer adoption, the key elements of the launch strategy for Zap, and the importance of working with regulators. Since the February launch, 3,000 Zap outlets have been created across Kenya and 200,000 customers have registered for the service, which represents about 8% of Zain’s subscriber base in the country.
News Tracker
- 1. Obopay announces new offering "Mobile Money for Banks"
- 2. A new kind of mobile aid for Haiti
- 3. MTN Uganda approaching one million MobileMoney subscribers
- 4. Orange money launches in Mali
- 5. Malawi launches mobile banking
- 6. Visa and Monitise take on India
- 7. Etisalat launches trial of mobile remittance service
- 8. M-Pesa earns Safaricom $94 million US last year
- 9. CGAP releases pricing study across 16 providers in 10 countries
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