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Palgrave Macmillan Studies in Banking and Financial Institutions

The Regulation of Mobile Money

Law and Practice in Sub-Saharan Africa

Authors: Madise, Sunduzwayo

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  • Offers a unique insight in to the study of m-money and a unique analysis of regulatory and supervisory approaches to m-money
    Provides a comparative analysis of m-money in in Kenya, Tanzania and Malaŵi, which are based on the telco-led model against the bank-led model
    Showcases a unique addition to works in the field due to its comparative approach and three-layered analysis of the law, practice and technical operations of mobile money

Buy this book

eBook 83,29 €
price for Spain (gross)
  • ISBN 978-3-030-13831-8
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover 103,99 €
price for Spain (gross)
  • ISBN 978-3-030-13830-1
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
  • The final prices may differ from the prices shown due to specifics of VAT rules
About this book

The emergence of mobile money and other new forms of payment has changed the sovereign foundations of money. Starting as a Department for International Development  funded project in Kenya, mobile money has now spread to many developing countries. This book looks at the regulatory issues that mobile money poses, and the potential risks to the financial system. It undertakes a comparative study of mobile money regimes in Kenya, Malaŵi, Tanzania, and South Africa. Although the main study is on Malaŵi, the lessons learnt are valuable to Sub Saharan Africa in understanding the regulatory issues surrounding mobile money. The main argument that this book makes is that the traditional regulatory architecture of supervising the financial services is ill-suited to supervise new forms of money like mobile money. With no requirement for a bank account, mobile money is not subject to prudential regulation. Mobile money is now considered a key developmental tool to achieve financial inclusion among the poor, rural based, unbanked, and underbanked. As opposed to traditional additive forms of financial inclusion, mobile money is transformative. In most jurisdictions where it has been launched, mobile money has largely been regulated using light-touch, with regulation following innovation. This work, however, proposes an approach based on the concept of really responsive regulation. This approach is best suited to embrace mobile money as it passes from the pre-financial inclusion to the post-financial inclusion phases of its evolution.  This book will appeal to students and academics in the financial regulation field. 


About the authors

Sunduzwayo Madise  recently finished his PhD at the University of Warwick, UK, and holds BSc and LLB degrees from the University of Malaŵi and an LLM from the University of the Western Cape, South Africa. He also holds a Post Graduate Degree in Higher Education from Warwick. He is currently the Dean of the Faculty of Law, University of Malaŵi. Sundu is also a Fellow of the Higher Education Academy, UK (now Advance HE). A former engineer, his research interests lie in the intersection of law, technology and finance. 


Table of contents (10 chapters)

Table of contents (10 chapters)

Buy this book

eBook 83,29 €
price for Spain (gross)
  • ISBN 978-3-030-13831-8
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover 103,99 €
price for Spain (gross)
  • ISBN 978-3-030-13830-1
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
  • The final prices may differ from the prices shown due to specifics of VAT rules
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Bibliographic Information

Bibliographic Information
Book Title
The Regulation of Mobile Money
Book Subtitle
Law and Practice in Sub-Saharan Africa
Authors
Series Title
Palgrave Macmillan Studies in Banking and Financial Institutions
Copyright
2019
Publisher
Palgrave Macmillan
Copyright Holder
The Editor(s) (if applicable) and The Author(s), under exclusive licence to Springer Nature Switzerland AG
eBook ISBN
978-3-030-13831-8
DOI
10.1007/978-3-030-13831-8
Hardcover ISBN
978-3-030-13830-1
Series ISSN
2523-336X
Edition Number
1
Number of Pages
XXIII, 423
Number of Illustrations
9 b/w illustrations, 10 illustrations in colour
Topics