Views
3 years ago

Mobile Money Scoping Report - Colombia - IFC

Mobile Money Scoping Report - Colombia - IFC

• Macro-economic

• Macro-economic Overview• Regulations• Financial Sector• Telecom Sector• Distribution Channel• Mobile Financial Services Landscape6

Regulatory BodiesSuperintendenciaFinanciera deColombia (SFC)Comisión deRegulación deComunicaciones(CRC)Banca de lasOportunidades(BDO)Roles & Responsibilities• Role: financial, regulatory and supervisoryentity of Colombia. It is in charge ofmaintaining the integrity, efficiency, andtransparency of the financial market whileprotecting its consumers.• Role: Colombian agency in charge ofregulating telecommunications in Colombia• Role: long-term policy program aimed atexpanding access to financial services foradult Colombians. It promotes regulatorychanges, coordinates financial capabilityinitiatives, and provides incentives forfinancial institutions to tap the unmetdemand for banking servicesImplications• Mobile wallet is not allowed because SFC isconcerned about the deposits; there is nodeposit insurance. This results in higher risksfor the population and a high risk for moneylaundering.• Challenge is that it is very difficult to changesome of the regulations because ofconstitutional requirement that says thatdeposits have to be under the control of thebank.• Low balance accounts have experiencedlimits in the number of operations,withdrawals and deposits as players couldnot identify who was eligible• As a result, “electronic accounts” model(which included the mobile) was developedand the initial beneficiaries of these accountsare recipients of government subsidies anddisplaced persons, etc…7

IFC Mobile Money Study 2011: Thailand - GSMA
IFC Mobile Money Study 2011: Nigeria - GSMA
IFC Mobile Money Study 2011: Sri Lanka - Intelecon research
brochura Colombia's First Mobile Banking Solution
brochura Colombia's First Mobile Banking Solution - Gemalto
IFC Mobile Money Study 2011 - Intelecon research
MONEY
A SCopINg StUdY of tHE MoBIlE ... - AgEcon Search
Expanding the value proposition of Mobile Money
Expanding the value proposition of Mobile Money
2015_MMU_Enabling-Mobile-Money-Policies-in-Kenya
Betting on chance in Colombia - Institute for Money, Technology and ...
Colombia Conservation Landscapes Program Final Report 2010
IFC Mobile Money Study 2011 - GSMA
Model Scopes of Work - Economic Growth - usaid
Accelerating Mobile Money in Indonesia: Opportunity Assessment
Mobile Money in Europe - PayExpo
Critical factors to create successful mobile money agents
eb_creating-killer-mobile-money-apps
Betting on Chance in Colombia. - Institute for Money, Technology ...
annual report 11 - University Transportation Center for Mobility ...
Quick Guide: Save mobile phone photos to a Windows ... - Scope
Mobile Money - PYMNTS.com
Annual Report FY 07 - University Transportation Center for Mobility ...
Success factors for mobile money services