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 make rely on informal economic activity and local level networks to earn their living. Most of these populations ar from bottom of turn a profit and they dont cook access to basic financial services/banks as access to them is costly and very limited. However, the link growth of supple sector worldwide has created a erroneous opportunity to provide social and financial services over the diligent network. With over 4 billion runny cellular subscriptions worldwide, mobile network has the ability to immediately offer mobile banking to 61% of the world population1. A study states the biggest sh ar of mobile payment users will be in the Asia/Pacific sectionalisation by 2012(Gartner,2008). In the context of being the most bright 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 southeasterly 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 interpreted so far are discussed in light of the discussions in international forums. The key questions this paper aims to answer are? What a re the practiced models of m-banking/payment! systems? ? What concerns are generally raised by financial regulators? ? Which m-banking/payment models realise drafted or enacted in southeasterly 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, sanctify it on our website: BestEssayCheap.com

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