Internet Banking

Mobile banking: Overview of Regulatory framework in emerging markets Rasheda seedless raisin Grameenphone Ltd Celebration Point Gulshan, Dhaka, Bangladesh Telephone-+8801711505814 rasheda@grameenphone.com Abstract: Across the developing countries, millions of gang rely on informal economic activity and local level networks to earn their living. Most of these populations ar from bottom of put on and they dont cook access to basic monetary services/banks as access to them is costly and very limited. However, the link growth of supple sector worldwide has created a ill-advised opportunity to provide social and financial services over the diligent network. With over 4 billion prompt cellular subscriptions worldwide, sprightly network has the ability to immediately offer mobile banking to 61% of the world population1. A study states the biggest sh atomic number 18 of mobile payment users will be in the Asia/Pacific sectionalization by 2012(Gartner,2008). In the cont ext of being the most glorious ICT market and the largest inbound remittance receiver2, this region is expected to be the hub of m-banking transactions. The paper starts with an overview of existing models of m-banking and then examines the m-banking regulations in some south Asian countries and of the countries where (e.g.

the Philippines, Kenya, entropy Africa) m-baking/payment system is already in practice or a success. The concerns of financial regulators and policy measures taken so far are discussed in light of the discussions in international forums. The key questions this paper aims to answer are? What are the practiced models of m-banking/payme! nt systems? ? What concerns are generally raised by financial regulators? ? Which m-banking/payment models start drafted or enacted in second Asia? o Bangladesh o India o Pakistan o Sri Lanka ? Which m-banking/payment models have are enacted in the countries where it is a success o Kenya o The Philippines and o South Africa ? What constitutes a proportionate regulatory go up? The answers...If you want to get a full essay, shape it on our website: BestEssayCheap.com

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