Mobile Money Services Development : The Cases of the Republic of Korea and Uganda

Gutierrez, Eva ; Choi, Tony

World Bank, Washington, DC

关键词: ACCOUNT BALANCE;    AFFILIATE;    ANTI-MONEY LAUNDERING;    ATM;    AUTOMOBILE;   

DOI  :  10.1596/1813-9450-6786
RP-ID  :  WPS6786

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

This study intends to increaseunderstanding of how different types of mobile moneyservices have developed in different environments. For thispurpose, two countries were selected, the Republic of Koreaand Uganda. From these study cases, some conclusions emerge.The development of mobile banking services can appear atdifferent stages of financial sector development, but itrequires a vibrant and competitive telecommunicationssector. The regulatory environment does not need to be verysophisticated for the mobile industry to emerge. However,some elements appear to be important. The legal frameworkshould allow (or at least not explicitly forbid) nonbankfinancial institutions to issue money and use banking agentsor correspondents. To ensure wider use of the service by thepopulation, it is important to educate the population on thebenefits of mobile money services.