Mexico : New Technology-Enabled Channels to Scale Up Financial Access

This is a technical note for the 2011 the Financial Sector Assessment Program (FSAP) carried out in Mexico. The focus of this document is the new technology-enabled channels to scale up financial access being employed. Key issues such as a pro-incl...

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Main Authors: International Monetary Fund, World Bank
Format: Financial Sector Assessment Program (FSAP)
Language:English
en_US
Published: World Bank, Washington, DC 2014
Subjects:
ID
WEB
Online Access:http://documents.worldbank.org/curated/en/2013/03/18606015/mexico-new-technology-enabled-channels-scale-up-financial-access-technical-note
http://hdl.handle.net/10986/16746
id okr-10986-16746
recordtype oai_dc
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
en_US
topic ACCESS POINTS
ACCESS TO BANK ACCOUNTS
ACCESS TO FINANCE
ACCESS TO FINANCIAL SERVICES
ACCOUNT HOLDER
ACCOUNT HOLDERS
ACCOUNT MANAGEMENT
ACCOUNTING
ADVERTISING
AFFORDABILITY
ANTI-MONEY LAUNDERING
ATM CARD
ATM NETWORK
ATM NETWORKS
ATM WITHDRAWAL
ATM WITHDRAWALS
AUTHENTICATION
BACK-UP
BALANCE INQUIRIES
BANK ACCOUNT
BANK ACCOUNTS
BANK BRANCH
BANK BRANCHES
BANK CUSTOMER
BANKERS ASSOCIATION
BANKING LAW
BANKING MODELS
BANKING NETWORK
BANKING SERVICE
BANKING SERVICES
BANKS
BARRIERS TO ENTRY
BORROWING
BORROWING COSTS
BUSINESS ASSOCIATIONS
BUSINESS CONTINUITY
BUSINESS DRIVER
BUSINESS MODELS
BUSINESSES
CALL CENTER
CALL CENTERS
CAPABILITY
CAPITAL MARKETS
CAPITAL REQUIREMENT
CASH DEPOSITS
CASH MANAGEMENT
CASH PAYMENTS
CASH WITHDRAWALS
CELL PHONE
CELLULAR TECHNOLOGIES
CLEARINGHOUSE
COMMERCIAL BANKS
CONNECTIVITY
CONSUMER PROTECTION
CONSUMER RIGHTS
COOPERATIVES
COORDINATION MECHANISMS
COST OF CREDIT
CREDIT ASSOCIATIONS
CREDIT CARD
CREDIT CARDS
CREDIT LIMIT
CREDIT REPORTING
CREDIT SCORES
CROSS SUBSIDIES
CROSS-SUBSIDIES
CUSTOMER DATA
CUSTOMER REQUEST
CUSTOMER SEGMENT
CUSTOMER SERVICE
DATA SECURITY
DEBIT CARD
DEBIT CARDS
DEBT
DELIVERY SYSTEM
DEPOSIT
DEPOSIT ACCOUNT
DEPOSIT ACCOUNTS
DEPOSIT INSURANCE
DEPOSITOR
DEPOSITORS
DEPOSITS
DEVELOPMENT BANK
DISTRIBUTION CHANNELS
E-MONEY
ECONOMIC ACTIVITY
ECONOMIES OF SCALE
ELECTRICITY
ELECTRONIC ACCOUNT
ELECTRONIC FUNDS
ELECTRONIC FUNDS TRANSFERS
ELECTRONIC PAYMENT
ELECTRONIC PAYMENTS
ELECTRONIC SERVICES
ELECTRONIC TRANSACTION
ELECTRONIC TRANSACTIONS
EMPLOYEE
EMPLOYER
EMPLOYERS
ENABLING ENVIRONMENT
ENCRYPTION
FINANCIAL ACCESS
FINANCIAL EDUCATION
FINANCIAL EXCLUSION
FINANCIAL INSTITUTIONS
FINANCIAL LITERACY
FINANCIAL PRODUCTS
FINANCIAL SECTOR ASSESSMENT
FINANCIAL SERVICE
FINANCIAL SERVICE PROVIDERS
FINANCIAL SERVICES
FINANCIAL SYSTEM
FINANCIAL TRANSACTIONS
FINANCING OF ENTERPRISES
FRAUD
GENDER
GOVERNMENT INTERVENTIONS
HARD COPIES
HARD COPY
HOUSEHOLDS
HUMAN RESOURCES
ID
IDENTIFICATION NUMBER
INFLATION
INFRASTRUCTURE PROVIDER
INITIAL INVESTMENT
INNOVATION
INSPECTION
INSURANCE
INSURANCE AGENCY
INTEREST RATE
INTERFACE
INTERNATIONAL TELECOMMUNICATIONS
INTEROPERABILITY
INVESTMENT CAPITAL
JOINT VENTURE
LAWS
LICENSE
LICENSES
LOAN
LOAN REPAYMENTS
LOTTERIES
MANAGEMENT SYSTEM
MANAGEMENT SYSTEMS
MANDATES
MARKET SHARE
MARKETING
MASS MARKET
MASS TRANSIT
MEDIUM ENTERPRISES
MENU
MENUS
MERCHANT
MERCHANTS
MICROFINANCE
MICROINSURANCE
MINIMUM BALANCE
MOBILE PHONE
MOBILE PHONES
MOBILE TELEPHONY
MONEY TRANSFER
MONEY TRANSFERS
MUNICIPALITIES
NEW BUSINESS
NEW TECHNOLOGY
NONBANKS
ONLINE BANKING
OPEN MARKET
OUTSOURCING
OVERDRAFTS
PARTNER BANK
PARTNER BANKS
PAYMENT SERVICES
PAYMENT SYSTEMS
PAYMENT TRANSACTIONS
PAYMENTS INFRASTRUCTURE
PENSION FUNDS
PENSIONS
PHONE NUMBER
PHONE NUMBERS
POINT OF SALE
POINT-OF-SALE
POLICY ENVIRONMENT
POLICY FRAMEWORK
PRICING PRACTICES
PRIVACY
PRIVATE SECTOR
PRIVATE SECTOR DEVELOPMENT
PROTOCOLS
RECEIPTS
REGISTRATION PROCESS
REGISTRY
REGULATORY FRAMEWORK
REGULATORY REQUIREMENTS
REMITTANCES
REPAYMENT
RESULT
RESULTS
RETAIL OUTLETS
RETAIL STORES
RETIREMENT
REVENUE SHARING
RISK MANAGEMENT
SAVINGS
SAVINGS ACCOUNT
SAVINGS ACCOUNTS
SECURE ACCESS
SECURITIES
SECURITY STANDARDS
SELF-SERVICE
SENSITIVE INFORMATION
SERVER
SMART PHONES
SOCIAL WELFARE
SPECIALIZED BANKS
SUBSIDIARIES
SUPERVISION
SUPERVISORY AUTHORITIES
TAXATION
TECHNICAL INFRASTRUCTURE
TECHNICAL STANDARDS
TECHNOLOGY PLATFORM
TELECOMMUNICATIONS
TELLERS
TRANSACTION
TRANSACTION PROCESSING
TRANSLATION
UNION
UNIVERSAL ACCESS
UNIVERSAL BANK
URBAN AREAS
USABILITY
USER
USERS
VALUE CHAIN
VERIFICATION
WEB
WELFARE BENEFITS
spellingShingle ACCESS POINTS
ACCESS TO BANK ACCOUNTS
ACCESS TO FINANCE
ACCESS TO FINANCIAL SERVICES
ACCOUNT HOLDER
ACCOUNT HOLDERS
ACCOUNT MANAGEMENT
ACCOUNTING
ADVERTISING
AFFORDABILITY
ANTI-MONEY LAUNDERING
ATM CARD
ATM NETWORK
ATM NETWORKS
ATM WITHDRAWAL
ATM WITHDRAWALS
AUTHENTICATION
BACK-UP
BALANCE INQUIRIES
BANK ACCOUNT
BANK ACCOUNTS
BANK BRANCH
BANK BRANCHES
BANK CUSTOMER
BANKERS ASSOCIATION
BANKING LAW
BANKING MODELS
BANKING NETWORK
BANKING SERVICE
BANKING SERVICES
BANKS
BARRIERS TO ENTRY
BORROWING
BORROWING COSTS
BUSINESS ASSOCIATIONS
BUSINESS CONTINUITY
BUSINESS DRIVER
BUSINESS MODELS
BUSINESSES
CALL CENTER
CALL CENTERS
CAPABILITY
CAPITAL MARKETS
CAPITAL REQUIREMENT
CASH DEPOSITS
CASH MANAGEMENT
CASH PAYMENTS
CASH WITHDRAWALS
CELL PHONE
CELLULAR TECHNOLOGIES
CLEARINGHOUSE
COMMERCIAL BANKS
CONNECTIVITY
CONSUMER PROTECTION
CONSUMER RIGHTS
COOPERATIVES
COORDINATION MECHANISMS
COST OF CREDIT
CREDIT ASSOCIATIONS
CREDIT CARD
CREDIT CARDS
CREDIT LIMIT
CREDIT REPORTING
CREDIT SCORES
CROSS SUBSIDIES
CROSS-SUBSIDIES
CUSTOMER DATA
CUSTOMER REQUEST
CUSTOMER SEGMENT
CUSTOMER SERVICE
DATA SECURITY
DEBIT CARD
DEBIT CARDS
DEBT
DELIVERY SYSTEM
DEPOSIT
DEPOSIT ACCOUNT
DEPOSIT ACCOUNTS
DEPOSIT INSURANCE
DEPOSITOR
DEPOSITORS
DEPOSITS
DEVELOPMENT BANK
DISTRIBUTION CHANNELS
E-MONEY
ECONOMIC ACTIVITY
ECONOMIES OF SCALE
ELECTRICITY
ELECTRONIC ACCOUNT
ELECTRONIC FUNDS
ELECTRONIC FUNDS TRANSFERS
ELECTRONIC PAYMENT
ELECTRONIC PAYMENTS
ELECTRONIC SERVICES
ELECTRONIC TRANSACTION
ELECTRONIC TRANSACTIONS
EMPLOYEE
EMPLOYER
EMPLOYERS
ENABLING ENVIRONMENT
ENCRYPTION
FINANCIAL ACCESS
FINANCIAL EDUCATION
FINANCIAL EXCLUSION
FINANCIAL INSTITUTIONS
FINANCIAL LITERACY
FINANCIAL PRODUCTS
FINANCIAL SECTOR ASSESSMENT
FINANCIAL SERVICE
FINANCIAL SERVICE PROVIDERS
FINANCIAL SERVICES
FINANCIAL SYSTEM
FINANCIAL TRANSACTIONS
FINANCING OF ENTERPRISES
FRAUD
GENDER
GOVERNMENT INTERVENTIONS
HARD COPIES
HARD COPY
HOUSEHOLDS
HUMAN RESOURCES
ID
IDENTIFICATION NUMBER
INFLATION
INFRASTRUCTURE PROVIDER
INITIAL INVESTMENT
INNOVATION
INSPECTION
INSURANCE
INSURANCE AGENCY
INTEREST RATE
INTERFACE
INTERNATIONAL TELECOMMUNICATIONS
INTEROPERABILITY
INVESTMENT CAPITAL
JOINT VENTURE
LAWS
LICENSE
LICENSES
LOAN
LOAN REPAYMENTS
LOTTERIES
MANAGEMENT SYSTEM
MANAGEMENT SYSTEMS
MANDATES
MARKET SHARE
MARKETING
MASS MARKET
MASS TRANSIT
MEDIUM ENTERPRISES
MENU
MENUS
MERCHANT
MERCHANTS
MICROFINANCE
MICROINSURANCE
MINIMUM BALANCE
MOBILE PHONE
MOBILE PHONES
MOBILE TELEPHONY
MONEY TRANSFER
MONEY TRANSFERS
MUNICIPALITIES
NEW BUSINESS
NEW TECHNOLOGY
NONBANKS
ONLINE BANKING
OPEN MARKET
OUTSOURCING
OVERDRAFTS
PARTNER BANK
PARTNER BANKS
PAYMENT SERVICES
PAYMENT SYSTEMS
PAYMENT TRANSACTIONS
PAYMENTS INFRASTRUCTURE
PENSION FUNDS
PENSIONS
PHONE NUMBER
PHONE NUMBERS
POINT OF SALE
POINT-OF-SALE
POLICY ENVIRONMENT
POLICY FRAMEWORK
PRICING PRACTICES
PRIVACY
PRIVATE SECTOR
PRIVATE SECTOR DEVELOPMENT
PROTOCOLS
RECEIPTS
REGISTRATION PROCESS
REGISTRY
REGULATORY FRAMEWORK
REGULATORY REQUIREMENTS
REMITTANCES
REPAYMENT
RESULT
RESULTS
RETAIL OUTLETS
RETAIL STORES
RETIREMENT
REVENUE SHARING
RISK MANAGEMENT
SAVINGS
SAVINGS ACCOUNT
SAVINGS ACCOUNTS
SECURE ACCESS
SECURITIES
SECURITY STANDARDS
SELF-SERVICE
SENSITIVE INFORMATION
SERVER
SMART PHONES
SOCIAL WELFARE
SPECIALIZED BANKS
SUBSIDIARIES
SUPERVISION
SUPERVISORY AUTHORITIES
TAXATION
TECHNICAL INFRASTRUCTURE
TECHNICAL STANDARDS
TECHNOLOGY PLATFORM
TELECOMMUNICATIONS
TELLERS
TRANSACTION
TRANSACTION PROCESSING
TRANSLATION
UNION
UNIVERSAL ACCESS
UNIVERSAL BANK
URBAN AREAS
USABILITY
USER
USERS
VALUE CHAIN
VERIFICATION
WEB
WELFARE BENEFITS
International Monetary Fund
World Bank
Mexico : New Technology-Enabled Channels to Scale Up Financial Access
geographic_facet Latin America & Caribbean
Mexico
description This is a technical note for the 2011 the Financial Sector Assessment Program (FSAP) carried out in Mexico. The focus of this document is the new technology-enabled channels to scale up financial access being employed. Key issues such as a pro-inclusion policy environment and harnessing technology for financial inclusion are discussed. Issues relevant to enabling policy framework, such as new banking regulations for branchless banking, types of licenses, types of accounts, electronic transaction mechanisms, use of banking correspondents outsourcing of operations/IT platforms, as well as other regulations affecting branchless banking propositions, are also elaborated on. Segments are devoted to the market, mobile banking schemes and the consequent recommendations as well.
format Economic & Sector Work :: Financial Sector Assessment Program (FSAP)
author International Monetary Fund
World Bank
author_facet International Monetary Fund
World Bank
author_sort International Monetary Fund
title Mexico : New Technology-Enabled Channels to Scale Up Financial Access
title_short Mexico : New Technology-Enabled Channels to Scale Up Financial Access
title_full Mexico : New Technology-Enabled Channels to Scale Up Financial Access
title_fullStr Mexico : New Technology-Enabled Channels to Scale Up Financial Access
title_full_unstemmed Mexico : New Technology-Enabled Channels to Scale Up Financial Access
title_sort mexico : new technology-enabled channels to scale up financial access
publisher World Bank, Washington, DC
publishDate 2014
url http://documents.worldbank.org/curated/en/2013/03/18606015/mexico-new-technology-enabled-channels-scale-up-financial-access-technical-note
http://hdl.handle.net/10986/16746
_version_ 1764434598597492736
spelling okr-10986-167462021-04-23T14:03:32Z Mexico : New Technology-Enabled Channels to Scale Up Financial Access International Monetary Fund World Bank ACCESS POINTS ACCESS TO BANK ACCOUNTS ACCESS TO FINANCE ACCESS TO FINANCIAL SERVICES ACCOUNT HOLDER ACCOUNT HOLDERS ACCOUNT MANAGEMENT ACCOUNTING ADVERTISING AFFORDABILITY ANTI-MONEY LAUNDERING ATM CARD ATM NETWORK ATM NETWORKS ATM WITHDRAWAL ATM WITHDRAWALS AUTHENTICATION BACK-UP BALANCE INQUIRIES BANK ACCOUNT BANK ACCOUNTS BANK BRANCH BANK BRANCHES BANK CUSTOMER BANKERS ASSOCIATION BANKING LAW BANKING MODELS BANKING NETWORK BANKING SERVICE BANKING SERVICES BANKS BARRIERS TO ENTRY BORROWING BORROWING COSTS BUSINESS ASSOCIATIONS BUSINESS CONTINUITY BUSINESS DRIVER BUSINESS MODELS BUSINESSES CALL CENTER CALL CENTERS CAPABILITY CAPITAL MARKETS CAPITAL REQUIREMENT CASH DEPOSITS CASH MANAGEMENT CASH PAYMENTS CASH WITHDRAWALS CELL PHONE CELLULAR TECHNOLOGIES CLEARINGHOUSE COMMERCIAL BANKS CONNECTIVITY CONSUMER PROTECTION CONSUMER RIGHTS COOPERATIVES COORDINATION MECHANISMS COST OF CREDIT CREDIT ASSOCIATIONS CREDIT CARD CREDIT CARDS CREDIT LIMIT CREDIT REPORTING CREDIT SCORES CROSS SUBSIDIES CROSS-SUBSIDIES CUSTOMER DATA CUSTOMER REQUEST CUSTOMER SEGMENT CUSTOMER SERVICE DATA SECURITY DEBIT CARD DEBIT CARDS DEBT DELIVERY SYSTEM DEPOSIT DEPOSIT ACCOUNT DEPOSIT ACCOUNTS DEPOSIT INSURANCE DEPOSITOR DEPOSITORS DEPOSITS DEVELOPMENT BANK DISTRIBUTION CHANNELS E-MONEY ECONOMIC ACTIVITY ECONOMIES OF SCALE ELECTRICITY ELECTRONIC ACCOUNT ELECTRONIC FUNDS ELECTRONIC FUNDS TRANSFERS ELECTRONIC PAYMENT ELECTRONIC PAYMENTS ELECTRONIC SERVICES ELECTRONIC TRANSACTION ELECTRONIC TRANSACTIONS EMPLOYEE EMPLOYER EMPLOYERS ENABLING ENVIRONMENT ENCRYPTION FINANCIAL ACCESS FINANCIAL EDUCATION FINANCIAL EXCLUSION FINANCIAL INSTITUTIONS FINANCIAL LITERACY FINANCIAL PRODUCTS FINANCIAL SECTOR ASSESSMENT FINANCIAL SERVICE FINANCIAL SERVICE PROVIDERS FINANCIAL SERVICES FINANCIAL SYSTEM FINANCIAL TRANSACTIONS FINANCING OF ENTERPRISES FRAUD GENDER GOVERNMENT INTERVENTIONS HARD COPIES HARD COPY HOUSEHOLDS HUMAN RESOURCES ID IDENTIFICATION NUMBER INFLATION INFRASTRUCTURE PROVIDER INITIAL INVESTMENT INNOVATION INSPECTION INSURANCE INSURANCE AGENCY INTEREST RATE INTERFACE INTERNATIONAL TELECOMMUNICATIONS INTEROPERABILITY INVESTMENT CAPITAL JOINT VENTURE LAWS LICENSE LICENSES LOAN LOAN REPAYMENTS LOTTERIES MANAGEMENT SYSTEM MANAGEMENT SYSTEMS MANDATES MARKET SHARE MARKETING MASS MARKET MASS TRANSIT MEDIUM ENTERPRISES MENU MENUS MERCHANT MERCHANTS MICROFINANCE MICROINSURANCE MINIMUM BALANCE MOBILE PHONE MOBILE PHONES MOBILE TELEPHONY MONEY TRANSFER MONEY TRANSFERS MUNICIPALITIES NEW BUSINESS NEW TECHNOLOGY NONBANKS ONLINE BANKING OPEN MARKET OUTSOURCING OVERDRAFTS PARTNER BANK PARTNER BANKS PAYMENT SERVICES PAYMENT SYSTEMS PAYMENT TRANSACTIONS PAYMENTS INFRASTRUCTURE PENSION FUNDS PENSIONS PHONE NUMBER PHONE NUMBERS POINT OF SALE POINT-OF-SALE POLICY ENVIRONMENT POLICY FRAMEWORK PRICING PRACTICES PRIVACY PRIVATE SECTOR PRIVATE SECTOR DEVELOPMENT PROTOCOLS RECEIPTS REGISTRATION PROCESS REGISTRY REGULATORY FRAMEWORK REGULATORY REQUIREMENTS REMITTANCES REPAYMENT RESULT RESULTS RETAIL OUTLETS RETAIL STORES RETIREMENT REVENUE SHARING RISK MANAGEMENT SAVINGS SAVINGS ACCOUNT SAVINGS ACCOUNTS SECURE ACCESS SECURITIES SECURITY STANDARDS SELF-SERVICE SENSITIVE INFORMATION SERVER SMART PHONES SOCIAL WELFARE SPECIALIZED BANKS SUBSIDIARIES SUPERVISION SUPERVISORY AUTHORITIES TAXATION TECHNICAL INFRASTRUCTURE TECHNICAL STANDARDS TECHNOLOGY PLATFORM TELECOMMUNICATIONS TELLERS TRANSACTION TRANSACTION PROCESSING TRANSLATION UNION UNIVERSAL ACCESS UNIVERSAL BANK URBAN AREAS USABILITY USER USERS VALUE CHAIN VERIFICATION WEB WELFARE BENEFITS This is a technical note for the 2011 the Financial Sector Assessment Program (FSAP) carried out in Mexico. The focus of this document is the new technology-enabled channels to scale up financial access being employed. Key issues such as a pro-inclusion policy environment and harnessing technology for financial inclusion are discussed. Issues relevant to enabling policy framework, such as new banking regulations for branchless banking, types of licenses, types of accounts, electronic transaction mechanisms, use of banking correspondents outsourcing of operations/IT platforms, as well as other regulations affecting branchless banking propositions, are also elaborated on. Segments are devoted to the market, mobile banking schemes and the consequent recommendations as well. 2014-01-30T19:52:12Z 2014-01-30T19:52:12Z 2013-03 http://documents.worldbank.org/curated/en/2013/03/18606015/mexico-new-technology-enabled-channels-scale-up-financial-access-technical-note http://hdl.handle.net/10986/16746 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Economic & Sector Work :: Financial Sector Assessment Program (FSAP) Economic & Sector Work Latin America & Caribbean Mexico