Malaŵi’s Existing Regulatory Framework of Mobile Money

Sunduzwayo Madise ()
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Sunduzwayo Madise: University of Malawi

Chapter Chapter 8 in The Regulation of Mobile Money, 2019, pp 269-304 from Palgrave Macmillan

Abstract: Abstract This chapter analyses the existing regulatory framework around mobile money in Malaŵi (Malawi) and argues that the issues faced by Malaŵi are representative of sub-Saharan Africa. In analysing the plurality of regulators involved with mobile money, it concludes that the traditional banking architecture is ill-suited for mobile money and that the plurality of regulators may lead to a lack of regulatory focus and regulatory arbitrage. The hybrid nature of mobile money is at the centre of the regulatory incoherence. Mobile money while being a financial service also is a service that rides on the rail of the telecommunication service. Since in most countries, mobile money is offered by mobile network operators, regulating it offers a challenge to the financial regulator and the communications regulator.

Keywords: Consumer protection; E-Money; Electronic transactions; Kenya; MACRA; Malaŵi/Malawi; Payment systems (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-3-030-13831-8_8

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DOI: 10.1007/978-3-030-13831-8_8

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