Author(s)
Stefanski, ScottKeywords
BANKING SECTORDATA POLICIES
DIGITAL DIVIDE
LIQUIDITY MANAGEMENT
COMMERCIAL BANKS
ASSETS
MOBILE TELEPHONY
BANK ACCOUNTS
PRIVATE SECTOR DEVELOPMENT
SERVICE PROVISION
MOBILE PHONES
PEER-TO-PEER
CREDIT BUREAUS
ICT
DEPOSITORS
COST REDUCTIONS
COMMUNICATION TECHNOLOGIES
NATURAL RESOURCES
MOBILE COMMUNICATIONS
SMALL BUSINESS
COMMUNICATIONS INFRASTRUCTURE
PAYMENT DATA
DATA CORRUPTION
MARKET COMPETITION
COLLATERAL REGISTRIES
DEVELOPMENT BANK
BUSINESS MODELS
COLLATERAL REGISTRY
TAX
ADVERTISING
TRADITIONAL BANK
FIBRE OPTIC
MARKET DOMINANCE
PAYMENTS SERVICES
DEVELOPING COUNTRIES
USERS
COLLATERAL
REGULATORY FRAMEWORKS
CREDIT CARD
ISLAMIC FINANCE
RETAIL PAYMENTS
REGIONAL TRADE
CENTRAL BANK
BANKING SERVICES
INNOVATION
GOVERNMENT BACKING
GOVERNMENT SERVICES
REGISTRY
TECHNOLOGICAL CHANGE
MATURITY
BENEFICIARIES
LOAN GUARANTEE
FUNCTIONALITY
MARKET STRUCTURE
FINANCIAL INSTITUTIONS
SAVINGS
NEW PRODUCT
INITIATIVE
MARKETING
BUSINESS ENVIRONMENT
FORMAL FINANCIAL SERVICES
BEST PRACTICE
GLOBAL ECONOMY
BROADBAND
PORTFOLIO
MOBILE TRANSACTION
SERVICES INFRASTRUCTURE
INCOME
SERVICE DELIVERY
ID
PAYMENT SYSTEMS
FRAUD
FINANCIAL INSTITUTION
NETWORK TECHNOLOGY
INFORMATION SERVICES
FINANCIAL MANAGEMENT
IDENTIFICATION
COMPETITIVENESS
REGULAR PAYMENTS
FINANCIAL SECTOR
VERIFICATION
LACK OF CREDIT
FINANCIAL ACCOUNTS
BANKING SERVICE
INFORMAL ECONOMY
EXISTING FINANCIAL SERVICES
LIMITED ACCESS
TELECOMMUNICATIONS
TRUST FUND
DEPOSITS
CUSTOMER LOYALTY
MICROFINANCE
MOBILE PAYMENT SYSTEMS
MOBILE NETWORK
NEW PRODUCTS
ELECTRONIC CASH
CONSUMER ACCEPTANCE
BUSINESSES
MOBILE BANKING
CREDIT BUREAU
INSURANCE PRODUCTS
MARKET PLAYERS
JOB CREATION
FINANCIAL SERVICE
TRANSACTION
LIQUIDITY
MARKET INFORMATION
MOBILE SOCIETY
INTERNET ACCESS
SMALL BUSINESSES
TRANSACTION COSTS
TRANSMISSION
PRODUCT DESIGNS
LOAN GUARANTEES
OPEN NETWORK
IDENTIFICATION REQUIREMENTS
TELECOMMUNICATION
LENDERS
INSURANCE
BARRIER
BANK ACCOUNT
USER
USER INTERFACE
REGULATORS
PUBLIC INVESTMENT
TRANSPARENCY
TIME-TO-MARKET
INNOVATIONS
BILL PAYMENTS
CORRUPTION
NETWORKS
SYSTEMIC RISKS
BACK-END SYSTEMS
REMITTANCES
MONEY TRANSFER
FINANCIAL SERVICES
CREDIT-WORTHINESS
MARKET ENTRY
CENTRAL BANKS
MENU
MICROFINANCE INSTITUTIONS
CUSTOMER IDENTIFICATION
MONOPOLIES
DEPOSIT
INTEROPERABILITY
BRANCH BANKING
CONSUMER PROTECTION
BANKING TECHNOLOGY
REGISTRIES
PAYMENT SERVICES
PRIVATE SECTOR
RETAIL OUTLETS
MICRO-INSURANCE
DATA STORAGE
ACCESS TO CAPITAL
CAPABILITIES
PROVIDENT FUNDS
BANKING INDUSTRY
LOAN
COMMERCIAL BANK
CREDITWORTHINESS
MEDIA
REGULATORY STRUCTURE
DATABASE SYSTEM
PRODUCT DEVELOPMENT
CUSTOMER SERVICES
TRADITIONAL CREDIT
Full record
Show full item recordOnline Access
http://hdl.handle.net/10986/19019Abstract
The second most populous continent in the world and with abundant natural resources, Africa continues to grow as the world's economy currently stands on shaky ground. However, steady GDP gains are sometimes obscured by the continent's economic, political and social problems. As Africa grows and becomes more tightly integrated with the global economy, its citizens and businesses increasingly need access to financial services tools that will allow them to compete. ICT is one avenue for increasing that access as ICT and financial services complement each other. ICTs allow for greater financial inclusion, and the financial services sector is a primary driver of communications and network technology. However, the financial services sector has distinct developmental challenges. Issues of trust, consumer protection, and network systemic risks that can slow the pace of progress require clear and strong regulations. The need for policy and regulatory development is made more difficult by the speed of technological change. Nevertheless, strategic intervention through policy or public investment can play a critical role in addressing the challenges faced by the financial services sector.Date
2014Identifier
oai:openknowledge.worldbank.org:10986/19019http://hdl.handle.net/10986/19019
Copyright/License
http://creativecommons.org/licenses/by/3.0/igo/Collections
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