What Regulatory Frameworks are More Conducive to Mobile Banking? Empirical Evidence from Findex Data

Mobile banking services offer great potential to expand financial services, particularly payment services, to the poor. They also provide a convenient and cost effective way to access bank accounts. This paper constitutes a first attempt to explain statistically what factors contribute to mobile banking usage, with a particular focus on the regulatory framework. The authors construct an index that measures the existence of laws and regulation that support mobile banking activity for 35 countries. Using variations in regulatory environments across these countries and armed with newly released data on mobile banking usage by approximately 37,000 individuals in these 35 countries, the paper sheds light on the importance of laws and regulation in supporting mobile banking. The analysis finds that a supporting regulatory framework is associated with higher usage of mobile banking for the general population as well as for the unbanked.

Bibliographic Details

Main Authors:	Gutierrez, Eva, Singh, Sandeep
Format:	Policy Research Working Paper biblioteca
Language:	English en_US
Published:	World Bank, Washington, DC 2013-10
Subjects:	ACCOUNTING, ANTI-MONEY LAUNDERING, ATM, BANK ACCOUNTS, BANK BRANCHES, BANKING INDUSTRIES, BANKING LAW, BANKING LAWS, BANKING LEGISLATION, BANKING MODELS, BANKING REGULATION, BANKING SERVICES, BANKING SYSTEMS, BRANCHLESS BANKING, BUSINESS MODEL, CAPABILITIES, CAPITALIZATION, CENTRAL BANK, CIVIL CODE, COMMERCIAL BANKS, COMPUTERS, CONSUMER PROTECTION, CONSUMER PROTECTION LAWS, CONSUMER PROTECTION REGULATION, CONTROLS, COUNTRY COMPARISON, COUNTRY FIXED EFFECTS, CURRENCY, DEPOSIT, DEPOSITS, DEVELOPING COUNTRIES, DISCLOSURE, DISPUTE RESOLUTION, DUE DILIGENCE, E-MONEY, E-SIGNATURES, ECONOMIC DEVELOPMENT, ELECTRONIC CURRENCY, ELECTRONIC MONEY, ELECTRONIC SIGNATURE, ELECTRONIC SIGNATURE LAWS, ELECTRONIC SIGNATURES, EMONEY, ENABLING ENVIRONMENT, END USERS, EXISTENCE OF LAWS, FINANCIAL DEVELOPMENT, FINANCIAL INNOVATION, FINANCIAL PRODUCT, FINANCIAL PRODUCTS, FINANCIAL SECTOR, FINANCIAL SERVICES, FINANCIAL SYSTEMS, FINANCIAL TRANSACTIONS, FORMAL BANK ACCOUNT, FORMAL BANK ACCOUNTS, FORMAL BANKING, FRAUD, GENERAL POPULATION, GEOGRAPHIC DISTRIBUTION, GLOBAL PAYMENT, INCOME, INCOME DISTRIBUTION, INNOVATIONS, INTERNATIONAL BANK, INTEROPERABILITY, LEGAL FRAMEWORK, LEGISLATION, LIABILITY, MARKET PARTICIPANTS, MARKET PLAYERS, MICROFINANCE, MOBILE BANKING, MOBILE NETWORK, MOBILE PHONE, MOBILE PHONES, MOBILE TRANSACTIONS, MONEY LAUNDERING, MONEY LAUNDERING LAWS, NETWORKS, NEW ENTRANTS, NONBANKS, OPEN ACCESS, PAYMENT PLATFORM, PAYMENT PROVIDERS, PAYMENT SERVICES, PAYMENT SYSTEM, PC, PORTABILITY, PRIVATE SECTOR, PRIVATE SECTOR DEVELOPMENT, PROXY, REGULATORS, REGULATORY AUTHORITIES, REGULATORY ENVIRONMENT, REGULATORY ENVIRONMENTS, REGULATORY FRAMEWORK, REGULATORY FRAMEWORKS, RESULT, RESULTS, SUPERVISION, TELECOM, TELECOMMUNICATION, TELECOMMUNICATIONS, TERRORISM, TRANSACTION, TRANSACTION COSTS, USER, WORLD DEVELOPMENT INDICATORS,
Online Access:	http://documents.worldbank.org/curated/en/2013/10/18378235/regulatory-frameworks-more-conducive-mobile-banking-empirical-evidence-findex-data http://hdl.handle.net/10986/16867
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