Integrity in Mobile Phone Financial Services

Chatain, Pierre-Laurent; Herndez-Coss, Raul; Borowik, Kamil; Zerzan, Andrew

doi:10.1596/978-0-8213-7556-3

Cited by 21 publications

(7 citation statements)

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“…Some of the non-bank institutions include SACCOs. Chatain et al (2011Chatain et al ( , 2008 explain that Mobile money (m-money) has the capacity and reach to be a global game changer for financial inclusion. However, they reiterate that financial inclusion and integrity are complementary and cross-reinforcing policy objectives; hence, policymakers should ensure that pushing access to financial services should not come at the cost of financial stability and integrity.…”

Section: Empirical Frameworkmentioning

confidence: 99%

Hustler Fund: A Benediction or an Enigma Implementation and Economic Empowerment of Recipients in Uasin Gishu County

Ayuma¹

2023

theijbm

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The Hustler Fund, as a form of digital finance exploring mobile money, has received considerable amounts of praise and criticism almost in equal measures, notwithstanding the material determination behind its creation or the noble intentions of its architects. Though ingeniously crafted, publicized, and adorned into the hearts of Kenyans during the campaign period, that political phase has long elapsed. Promulgated at the end of 2022 amidst pomp and colour, Kenyans were excited that, eventually, the fund was here, and the uptake was unprecedented. Just like for any other innovation, feedback comes in fast, both positive and negative. Some praised the Hustler fund immensely, while others did not have many kind words. All this was in the heat of the moment, a demonstration of general perceptions, not sufficient to make a resolute deduction on the Hustler fund. That wave has finally settled. Time for monitoring and evaluation now, followed by improvement. The hard work has just begun. This paper undertakes an assessment of the effect of the implementation of Hustler Fund on the economic empowerment of recipients in Uasin Gishu County. Eldoret town provided the sample for the study. The end-game is to identify strengths, weaknesses, opportunities, and threats to the evolving Hustler fund.

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Section: Empirical Frameworkmentioning

confidence: 99%

Hustler Fund: A Benediction or an Enigma Implementation and Economic Empowerment of Recipients in Uasin Gishu County

Ayuma¹

2023

theijbm

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“…during the Covid-19 40 laundering), lack of awareness, regulatory issues, poor partnership between the major industry stakeholders, to the poor state of infrastructural development in the country, among others (Chatain, Hernandez-Coss, Borowik, and Zerzan, 2008;Omol, 2016;Matthew and Anyanwaokoro, 2016;Obaro, 2020).…”

Section: How To Improve Mobile Money Service Usage and Adoption By Ni...mentioning

confidence: 99%

How to Improve Mobile Money Service Usage and Adoption by Nigerians in the Era of Covid-19

Tonuchi

2020

ijfirm

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Purpose:The paper aims to investigate how to improve mobile money service adoption and usage by Nigerians during the era of Covid-19 by examining the challenges faced by mobile money users in Nigeria. Approach/Methodology/Design: The study used a mixed method to sample 300 targeted informal sector operators offline using questionnaires and 200 respondents online (ardent digital products users) using Google form. In reaching the targeted online sample, the study distributed the google form through social media while a judgmental and accidental sampling technique was employed to target the informal economy participants. Findings: Both the online and offline data revealed that poor mobile network (infrastructural deficiency), security concerns, cost of services, and poor complaints resolution top the biggest hindrance facing mobile money adoption and usage in Nigeria. While the introduction of community-based complaints resolution, fixing security bugs, reduction in the cost of service, and effective stakeholder collaboration top the measures of improving mobile money adoption and usage in the country. Practical Implications: The study identified popular misconceptions about mobile money and also provide evidence that the process of recruiting respondents influences the outcome of the result. Originality/value: First to collect sample both online (targeting ardent digital product users) and offline (targeting informal economy operators).

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“…La prevención y el control del lavado de activos y de la financiación del terrorismo -LA/FT se han asumido, en las últimas décadas, con mayor importancia en el contexto nacional e internacional debido a que se ha evidenciado que estos fenómenos sociales afectan negativamente la economía de un país [1], [2]; debido a ello, las empresas optan por implementar sistemas con los cuales logren cumplir dicho objetivo y de esta forma evitar ser utilizados con el fin de ofrecer apariencia de legalidad a los recursos obtenidos de manera ilícita.…”

Section: Introductionunclassified

Operación del sistema de autocontrol y gestión del riesgo de lavado de activos y financiación del terrorismo en empresas del sector comercial

2018

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El lavado de activos y la financiación del terrorismo (LA/FT) se consideran como una gran amenaza para la economía mundial ya que afectan los indicadores internos, la integridad de los mercados y definitivamente la globalización e intercambio comercial en condiciones transparentes y confiables. Tales afectaciones han sido consideradas por entes gubernamentales y entidades de carácter global que buscan a través de diversas normas combatir la inclusión de los recursos económicos de dichos fenómenos delictivos en la economía. Las empresas del sector comercial en Colombia no son ajenas a esta realidad y han venido experimentando un constante riesgo de inclusión de recursos procedentes de actividades ilícitas. Por lo anterior, resulta necesario y conveniente que estas empresas se protejan contra estos riesgos por medio de la implementación del Sistema de Autocontrol y Gestión del Riesgo de LA/FT – SAGRLAFT, definido por la Superintendencia de Sociedades, a través de los lineamientos impartidos en la Circular externa 100-000006 del 19 de agosto del 2016, Capítulo X. En este artículo se presenta un procedimiento resumido para que las empresas del sector comercial implementen medidas preventivas para dar frente al LA/FT. Con la implementación del SGRLAFT se reduce el riesgo de incurrir en sanciones legales, se evita la complicidad y corrupción con organizaciones criminales y/o ilegales y se mejora la reputación empresarial.

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Integrity in Mobile Phone Financial Services

Cited by 21 publications

References 0 publications

Hustler Fund: A Benediction or an Enigma Implementation and Economic Empowerment of Recipients in Uasin Gishu County

Hustler Fund: A Benediction or an Enigma Implementation and Economic Empowerment of Recipients in Uasin Gishu County

How to Improve Mobile Money Service Usage and Adoption by Nigerians in the Era of Covid-19

Operación del sistema de autocontrol y gestión del riesgo de lavado de activos y financiación del terrorismo en empresas del sector comercial

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