Law and Regulation of Mobile Payment Systems - Issues arising 'post' financial inclusion in Kenya (Hardcover)

Over the last ten years mobile payment systems have revolutionised banking in some countries in Africa. In Kenya the introduction of M-Pesa, a new financial services model, has transformed the banking and financial services industry. Giving the unbanked majority access to the financial services market it has attracted over 18 million subscribers which is remarkable given that fewer than 4 million people in Kenya have bank accounts. This book addresses the legal and regulatory issues arising out of the introduction of M-Pesa in Kenya and its drive towards financial inclusion. It considers the interaction between regulation and technological innovation with a particular focus on the regulatory tools, institutional arrangements and government decisional processes through the examination as a whole of its regulatory capacity. This is done with a view to understanding the regulatory capacity of Kenya in addressing the vulnerabilities presented by technological innovation in the financial industry for consumers after financial inclusion. It also examines the way that mobile payments have been regulated by criticising the piecemeal approach that the Central Bank of Kenya has taken in addressing the legal and regulatory issues presented by mobile payments. The book argues there are significant gaps in the regulatory regime of mobile banking in Kenya.

General

Imprint:	Routledge
Country of origin:	United Kingdom
Series:	Routledge Research in Finance and Banking Law
Release date:	December 2017
First published:	2018
Authors:	Joy Malala
Dimensions:	234 x 156 x 24mm (L x W x T)
Format:	Hardcover - Cloth over boards
Pages:	272
ISBN-13:	978-1-138-73998-7
Categories:	Books > Business & Economics > Economics > General Books > Earth & environment > Geography > Regional geography Books > Reference & Interdisciplinary > Interdisciplinary studies > Area / regional studies > General Books > Business & Economics > Finance & accounting > Finance > Banking Books > Law > Jurisprudence & general issues > Foundations of law > General Books > Law > Laws of other jurisdictions & general law > Financial, taxation, commercial, industrial law > Financial law > Banking law Books > Money & Finance > Banking
LSN:	1-138-73998-7
Barcode:	9781138739987

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