Financial Inclusion Beyond Payments : Policy Considerations for Digital Savings

Financial Inclusion Beyond Payments : Policy Considerations for Digital Savings

The report discusses key policy issues that enable and constrain digital savings market development and offers policy considerations within the context of the G20’s High-Level Principles for Digital Financial Inclusion. Based on current market obse...

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Bibliographic Details
Main Author: World Bank Group
Format: Report
Language:English
Published: World Bank, Washington, DC 2019
Subjects:
SAVINGS ACCOUNT
FINANCIAL INCLUSION
E-SECURITY
BANKING SERVICES
MOBILE BANKING
E-MONEY
Online Access:http://documents.worldbank.org/curated/en/467421555393243557/Financial-Inclusion-Beyond-Payments-Policy-Considerations-for-Digital-Savings-Technical-Note
http://hdl.handle.net/10986/31577
id okr-10986-31577
recordtype oai_dc
spelling okr-10986-315772021-05-25T09:23:05Z Financial Inclusion Beyond Payments : Policy Considerations for Digital Savings World Bank Group SAVINGS ACCOUNT FINANCIAL INCLUSION E-SECURITY BANKING SERVICES MOBILE BANKING E-MONEY The report discusses key policy issues that enable and constrain digital savings market development and offers policy considerations within the context of the G20’s High-Level Principles for Digital Financial Inclusion. Based on current market observations, three policy considerations seem most important for facilitating digital savings account deployments: Enable banking institutions to pursue digital savings partnerships with nonbank entities. Support the development of interoperability between banks and nonbank e-money issuers. Harmonize customer due diligence standards for emoney wallets and low-risk bank deposits. 2019-04-23T17:11:47Z 2019-04-23T17:11:47Z 2019-04-15 Report http://documents.worldbank.org/curated/en/467421555393243557/Financial-Inclusion-Beyond-Payments-Policy-Considerations-for-Digital-Savings-Technical-Note http://hdl.handle.net/10986/31577 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work :: Other Financial Sector Study Economic & Sector Work Africa East Asia and Pacific South Asia Africa Asia
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic SAVINGS ACCOUNT
FINANCIAL INCLUSION
E-SECURITY
BANKING SERVICES
MOBILE BANKING
E-MONEY
spellingShingle SAVINGS ACCOUNT
FINANCIAL INCLUSION
E-SECURITY
BANKING SERVICES
MOBILE BANKING
E-MONEY
World Bank Group
Financial Inclusion Beyond Payments : Policy Considerations for Digital Savings
geographic_facet Africa
East Asia and Pacific
South Asia
Africa
Asia
description The report discusses key policy issues that enable and constrain digital savings market development and offers policy considerations within the context of the G20’s High-Level Principles for Digital Financial Inclusion. Based on current market observations, three policy considerations seem most important for facilitating digital savings account deployments: Enable banking institutions to pursue digital savings partnerships with nonbank entities. Support the development of interoperability between banks and nonbank e-money issuers. Harmonize customer due diligence standards for emoney wallets and low-risk bank deposits.
format Report
author World Bank Group
author_facet World Bank Group
author_sort World Bank Group
title Financial Inclusion Beyond Payments : Policy Considerations for Digital Savings
title_short Financial Inclusion Beyond Payments : Policy Considerations for Digital Savings
title_full Financial Inclusion Beyond Payments : Policy Considerations for Digital Savings
title_fullStr Financial Inclusion Beyond Payments : Policy Considerations for Digital Savings
title_full_unstemmed Financial Inclusion Beyond Payments : Policy Considerations for Digital Savings
title_sort financial inclusion beyond payments : policy considerations for digital savings
publisher World Bank, Washington, DC
publishDate 2019
url http://documents.worldbank.org/curated/en/467421555393243557/Financial-Inclusion-Beyond-Payments-Policy-Considerations-for-Digital-Savings-Technical-Note
http://hdl.handle.net/10986/31577
_version_ 1764474645093810176

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