Mexico : New Technology-Enabled Channels to Scale Up Financial Access

This is a technical note for the 2011 the Financial Sector Assessment Program (FSAP) carried out in Mexico. The focus of this document is the new technology-enabled channels to scale up financial access being employed. Key issues such as a pro-inclusion policy environment and harnessing technology for financial inclusion are discussed. Issues relevant to enabling policy framework, such as new banking regulations for branchless banking, types of licenses, types of accounts, electronic transaction mechanisms, use of banking correspondents outsourcing of operations/IT platforms, as well as other regulations affecting branchless banking propositions, are also elaborated on. Segments are devoted to the market, mobile banking schemes and the consequent recommendations as well.

Bibliographic Details

Main Authors:	International Monetary Fund, World Bank
Format:	Financial Sector Assessment Program (FSAP) biblioteca
Language:	English en_US
Published:	World Bank, Washington, DC 2013-03
Subjects:	ACCESS POINTS, ACCESS TO BANK ACCOUNTS, ACCESS TO FINANCE, ACCESS TO FINANCIAL SERVICES, ACCOUNT HOLDER, ACCOUNT HOLDERS, ACCOUNT MANAGEMENT, ACCOUNTING, ADVERTISING, AFFORDABILITY, ANTI-MONEY LAUNDERING, ATM CARD, ATM NETWORK, ATM NETWORKS, ATM WITHDRAWAL, ATM WITHDRAWALS, AUTHENTICATION, BACK-UP, BALANCE INQUIRIES, BANK ACCOUNT, BANK ACCOUNTS, BANK BRANCH, BANK BRANCHES, BANK CUSTOMER, BANKERS ASSOCIATION, BANKING LAW, BANKING MODELS, BANKING NETWORK, BANKING SERVICE, BANKING SERVICES, BANKS, BARRIERS TO ENTRY, BORROWING, BORROWING COSTS, BUSINESS ASSOCIATIONS, BUSINESS CONTINUITY, BUSINESS DRIVER, BUSINESS MODELS, BUSINESSES, CALL CENTER, CALL CENTERS, CAPABILITY, CAPITAL MARKETS, CAPITAL REQUIREMENT, CASH DEPOSITS, CASH MANAGEMENT, CASH PAYMENTS, CASH WITHDRAWALS, CELL PHONE, CELLULAR TECHNOLOGIES, CLEARINGHOUSE, COMMERCIAL BANKS, CONNECTIVITY, CONSUMER PROTECTION, CONSUMER RIGHTS, COOPERATIVES, COORDINATION MECHANISMS, COST OF CREDIT, CREDIT ASSOCIATIONS, CREDIT CARD, CREDIT CARDS, CREDIT LIMIT, CREDIT REPORTING, CREDIT SCORES, CROSS SUBSIDIES, CROSS-SUBSIDIES, CUSTOMER DATA, CUSTOMER REQUEST, CUSTOMER SEGMENT, CUSTOMER SERVICE, DATA SECURITY, DEBIT CARD, DEBIT CARDS, DEBT, DELIVERY SYSTEM, DEPOSIT, DEPOSIT ACCOUNT, DEPOSIT ACCOUNTS, DEPOSIT INSURANCE, DEPOSITOR, DEPOSITORS, DEPOSITS, DEVELOPMENT BANK, DISTRIBUTION CHANNELS, E-MONEY, ECONOMIC ACTIVITY, ECONOMIES OF SCALE, ELECTRICITY, ELECTRONIC ACCOUNT, ELECTRONIC FUNDS, ELECTRONIC FUNDS TRANSFERS, ELECTRONIC PAYMENT, ELECTRONIC PAYMENTS, ELECTRONIC SERVICES, ELECTRONIC TRANSACTION, ELECTRONIC TRANSACTIONS, EMPLOYEE, EMPLOYER, EMPLOYERS, ENABLING ENVIRONMENT, ENCRYPTION, FINANCIAL ACCESS, FINANCIAL EDUCATION, FINANCIAL EXCLUSION, FINANCIAL INSTITUTIONS, FINANCIAL LITERACY, FINANCIAL PRODUCTS, FINANCIAL SECTOR ASSESSMENT, FINANCIAL SERVICE, FINANCIAL SERVICE PROVIDERS, FINANCIAL SERVICES, FINANCIAL SYSTEM, FINANCIAL TRANSACTIONS, FINANCING OF ENTERPRISES, FRAUD, GENDER, GOVERNMENT INTERVENTIONS, HARD COPIES, HARD COPY, HOUSEHOLDS, HUMAN RESOURCES, ID, IDENTIFICATION NUMBER, INFLATION, INFRASTRUCTURE PROVIDER, INITIAL INVESTMENT, INNOVATION, INSPECTION, INSURANCE, INSURANCE AGENCY, INTEREST RATE, INTERFACE, INTERNATIONAL TELECOMMUNICATIONS, INTEROPERABILITY, INVESTMENT CAPITAL, JOINT VENTURE, LAWS, LICENSE, LICENSES, LOAN, LOAN REPAYMENTS, LOTTERIES, MANAGEMENT SYSTEM, MANAGEMENT SYSTEMS, MANDATES, MARKET SHARE, MARKETING, MASS MARKET, MASS TRANSIT, MEDIUM ENTERPRISES, MENU, MENUS, MERCHANT, MERCHANTS, MICROFINANCE, MICROINSURANCE, MINIMUM BALANCE, MOBILE PHONE, MOBILE PHONES, MOBILE TELEPHONY, MONEY TRANSFER, MONEY TRANSFERS, MUNICIPALITIES, NEW BUSINESS, NEW TECHNOLOGY, NONBANKS, ONLINE BANKING, OPEN MARKET, OUTSOURCING, OVERDRAFTS, PARTNER BANK, PARTNER BANKS, PAYMENT SERVICES, PAYMENT SYSTEMS, PAYMENT TRANSACTIONS, PAYMENTS INFRASTRUCTURE, PENSION FUNDS, PENSIONS, PHONE NUMBER, PHONE NUMBERS, POINT OF SALE, POINT-OF-SALE, POLICY ENVIRONMENT, POLICY FRAMEWORK, PRICING PRACTICES, PRIVACY, PRIVATE SECTOR, PRIVATE SECTOR DEVELOPMENT, PROTOCOLS, RECEIPTS, REGISTRATION PROCESS, REGISTRY, REGULATORY FRAMEWORK, REGULATORY REQUIREMENTS, REMITTANCES, REPAYMENT, RESULT, RESULTS, RETAIL OUTLETS, RETAIL STORES, RETIREMENT, REVENUE SHARING, RISK MANAGEMENT, SAVINGS, SAVINGS ACCOUNT, SAVINGS ACCOUNTS, SECURE ACCESS, SECURITIES, SECURITY STANDARDS, SELF-SERVICE, SENSITIVE INFORMATION, SERVER, SMART PHONES, SOCIAL WELFARE, SPECIALIZED BANKS, SUBSIDIARIES, SUPERVISION, SUPERVISORY AUTHORITIES, TAXATION, TECHNICAL INFRASTRUCTURE, TECHNICAL STANDARDS, TECHNOLOGY PLATFORM, TELECOMMUNICATIONS, TELLERS, TRANSACTION, TRANSACTION PROCESSING, TRANSLATION, UNION, UNIVERSAL ACCESS, UNIVERSAL BANK, URBAN AREAS, USABILITY, USER, USERS, VALUE CHAIN, VERIFICATION, WEB, WELFARE BENEFITS,
Online Access:	http://documents.worldbank.org/curated/en/2013/03/18606015/mexico-new-technology-enabled-channels-scale-up-financial-access-technical-note http://hdl.handle.net/10986/16746
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