Internet Banking

Mobile banking: Overview of Regulatory framework in emerging markets Rasheda seedless raisin Grameenphone Ltd Celebration Point Gulshan, Dhaka, Bangladesh Telephone-+8801711505814 rasheda@grameenphone.com Abstract: Across the developing countries, millions of take in rely on informal economic activity and local anaesthetic level networks to earn their living. Most of these populations ar from bottom of returns and they dont cook access to basic fiscal services/banks as access to them is costly and very limited. However, the smasher growth of supple sector worldwide has created a ridiculous opportunity to provide social and financial services everyplace the diligent network. With over 4 billion busy cellular subscriptions worldwide, quick network has the ability to immediately offer mobile banking to 61% of the world population1. A study states the biggest shargon of mobile payment users will be in the Asia/Pacific part by 2012(Gartner,2008). In the context of b eing the most fantabulous ICT market and the largest inbound remittance receiver2, this region is expected to be the hub of m-banking transactions. The paper starts with an overview of existing models of m-banking and then examines the m-banking regulations in some south Asian countries and of the countries where (e.g.

the Philippines, Kenya, entropy Africa) m-baking/payment system is already in practice or a success. The concerns of financial regulators and policy measures taken so far are discussed in light of the discussions in international forums. The key questions this paper aims to answer are? What are the practiced models of m-banking/payment sy! stems? ? What concerns are generally raised by financial regulators? ? Which m-banking/payment models own drafted or enacted in south Asia? o Bangladesh o India o Pakistan o Sri Lanka ? Which m-banking/payment models have are enacted in the countries where it is a success o Kenya o The Philippines and o South Africa ? What constitutes a proportionate regulatory go up? The answers...If you want to get a full essay, army it on our website: BestEssayCheap.com

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