Mobile Banking in Africa: The Current State of Play

Rouse, Marybeth; Verhoef, Grietjie

doi:10.1057/978-1-137-60231-2_21

Cited by 5 publications

(3 citation statements)

References 6 publications

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“…According to Rouse and Verhoef (2017), in their paper entitled Mobile Banking in Sub-Saharan Africa: Setting the Way towards Financial Development, they are of the view that the regulatory rigidity in South Africa contributed to the slow uptake of M-Pesa. The South African Reserve Bank did not offer a special privilege for non-bank or e-money providers.…”

Section: M-banking Services Modelsmentioning

confidence: 99%

Legal and regulatory framework for mobile banking in Tanzania

Ally

2023

IJLMA

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Purpose This paper aims to assess the legal and regulatory framework for mobile banking (M-banking) in Tanzania. The technological development in information and communication technologies has converted a mobile phone from a simple communication device to a very complex instrument that allows people to perform various digital transactions and extra operations such as web browsing and email reading. Such tremendous developments have brought in place the regime of M-banking. The birth of M-banking has brought legal and institutional challenges that were not anticipated before. It has complicated the traditional role of the telecommunication regulator and financial regulator in the business and caused legal gaps that need to be bridged. Design/methodology/approach To disclose the legal gaps and bridge them, the study used doctrinal legal method and comparative study to learn the experience of international legal instruments and policies and laws of other jurisdictions. This paper has evaluated the contribution of international legal instruments and legal frameworks of foreign jurisdictions such as Kenya and the Philippines. Findings It has been revealed that the prevailing laws regulating M-banking in Tanzania do not adequately address and bridge the existing legal gaps. There is a need to enact a specific law regulating M-banking and confer such powers to a specific institution to deal with regulatory issues. Originality/value This paper stresses the importance of enacting new laws that will offer room for financial inclusion in the digital economy and protect consumers against financial risk. It also intends to act as a catalyst and change agent in policy and legislative development in the M-banking industry. It would also bring special attention to addressing consumer rights, security and risky issues surrounding the M-banking industry. Although several other authors in Tanzania have written in this area, they have not clearly focused on disclosing the existing legal gaps resulting from the convergence of the financial and communication sectors. This paper is therefore trying to offer an extensive discussion on the legislative development in the M-banking industry in Tanzania.

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Section: M-banking Services Modelsmentioning

confidence: 99%

Legal and regulatory framework for mobile banking in Tanzania

Ally

2023

IJLMA

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“…And if I can do that with a common platform then we could start to operate services like mobile money transfer , mobile bill pay , mobile banking… in a new way , leveraging this increased connectivity and power in everyone's hands . Carol Realini, Obopay, USA (Prows, 2010)…”

Section: Analysis and Findingsmentioning

confidence: 99%

Pioneering digital platform ecosystems: The role of aligned capabilities and motives in shaping key choices and performance outcomes

Wormald

Shah

Braguinsky

et al. 2022

Strategic Management Journal

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We inductively analyze rich qualitative and quantitative data on the global census of pioneering mobile money firms to examine how firm characteristics shape digital platform ecosystem configuration choices regarding (a) internal versus external integration and (b) the creation of network externalities through open versus closed end-user access. In contrast to received wisdom, we find pioneering firms were equally likely to engage in external and internal integration; moreover, diversifying entrants were less likely to internally integrate than startups. We uncover the important role of motives, in addition to capabilities, for creating alignment between pioneering firms and their partners. Such alignment was key for addressing path-dependent implementation challenges through experimentation and navigating nascent industry uncertainty for success. Managerial Summary: Our study showcases how enterprising firms pioneered and diffused mobile money, a digital platform that improves access to financial services. The successful take-off and growth of this industry, as revealed by our inductive analysis, was contingent on aligned capabilities and motives among All authors contributed equally, and names are arranged in reverse alphabetical order.

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“…Community-based mapping, social learning, green infrastructure development, and participatory governance facilitate such information-sharing(Tauhid and Zawani 2018;Mazeka et al 2019; Sharifi 2020), strengthening mitigation policies(Loiter and Norberg-Bohm 1999;Stokes and Warshaw 2017;Zhou et al 2019).Since informal settlements are usually dense, upgrading them supports low-carbon development pathways which leapfrog less-efficient housing, transport and other service provision, using locally-appropriate innovations(Satterthwaite et al 2018). Examples of informalsector mitigation include digital banking in Africa; mobility in India using collective transport; food production, meal provision, and reduction of food waste in Latin America (e.g., soup kitchens in Brazil, community kitchens in Lima, Peru); informal materials recycling, space heating and cooling, and illumination(Hordijk 2000;Baldez 2003;Maumbe 2006;Gutberlet 2008;Chaturvedi and Gidwani 2011;Nandy et al 2015;Rouse and Verhoef 2016; Ackah 2017).…”

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confidence: 99%

Demand, Services and Social Aspects of Mitigation

2023

Climate Change 2022 - Mitigation of Climate Change

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Demand-side mitigation and new ways of providing services can help avoid, shift, and improve final service demand. Rapid and deep changes in demand make it easier for every sector to reduce greenhouse gas (GHG) emissions in the short and medium term (high confidence). {5.2, 5.3}The indicative potential of demand-side strategies to reduce emissions of direct and indirect CO 2 and non-CO 2 GHG emissions in three end-use sectors (buildings, land transport, and food) is 40-70% globally by 2050 (high confidence). Technical mitigation potentials compared to the 2050 emissions projection of two scenarios consistent with policies announced by national governments until 2020 amount to 6.8 GtCO 2 for building use and construction, 4.6 GtCO 2 for land transport and 8.0 GtCO 2 -eq for food demand, and amount to 4.4 GtCO 2 for industry. Mitigation strategies can be classified as Avoid-Shift-Improve (ASI) options, that reflect opportunities for socio-cultural, infrastructural, and technological change. The greatest 'Avoid' potential comes from reducing long-haul aviation and providing short-distance low-carbon urban infrastructures. The greatest 'Shift' potential would come from switching to plant-based diets. The greatest 'Improve' potential comes from within the building sector, and in particular increased use of energy-efficient end-use technologies and passive housing. {5.

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Mobile Banking in Africa: The Current State of Play

Cited by 5 publications

References 6 publications

Legal and regulatory framework for mobile banking in Tanzania

Legal and regulatory framework for mobile banking in Tanzania

Pioneering digital platform ecosystems: The role of aligned capabilities and motives in shaping key choices and performance outcomes

Demand, Services and Social Aspects of Mitigation

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