콘텐츠 바로가기
로그인
컨텐츠

Category Open

Resources

tutorial

Collection of research papers and materials on development issues

home

Resources
Economy Financial Policy
Industry and Technology IT
Government and Law Laws and Legislation

Print

Mobile money services development : The cases of the Republic of Korea and Uganda

Related Document
Frame of Image
  • Mobile money services development
  • Gutierrez, Eva; Choi, Tony
  • The World Bank(Finance and Private Sector Development Unit, Latin America and the Caribbean Region)


link
Title Mobile money services development
Similar Titles
Sub Title

The cases of the Republic of Korea and Uganda

Material Type Articles
Author(English)

Gutierrez, Eva; Choi, Tony

Publisher

[Washington, D.C.]:The World Bank(Finance and Private Sector Development Unit, Latin America and the Caribbean Region)

Date 2014-02
Series Title; No Policy Research Working Paper / WPS6786
Subject Country Uganda(Africa)
South Korea(Asia and Pacific)
Language English
File Type Link
Original Format pdf
Subject Economy < Financial Policy
Industry and Technology < IT
Government and Law < Laws and Legislation
Holding World Bank

Abstract

This study intends to increase understanding of how different types of mobile money services have developed in different environments. For this purpose, two countries were selected, the Republic of Korea and Uganda. From these study cases, some conclusions emerge. The development of mobile banking services can appear at different stages of financial sector development, but it requires a vibrant and competitive telecommunications sector. The regulatory environment does not need to be very sophisticated for the mobile industry to emerge. However, some elements appear to be important. The legal framework should allow (or at least not explicitly forbid) nonbank financial institutions to issue money and use banking agents or correspondents. To ensure wider use of the service by the population, it is important to educate the population on the benefits of mobile money services.