A growing number of central banks are considering the issuance of central bank digital currencies (CBDCs). Upon their introduction and depending on their exact design, CBDCs may have considerable consequences for deposit insurers as well. In the first of a set of papers, this Fintech Brief sets...

E-money is widespread in Kenya, especially through M-Pesa, a form of e-money stored on mobile phones and issued by Safaricom, a mobile network operator. Integration between M-Pesa and the traditional banking system is increasing. Given very high use-grade of M-Pesa throughout the population, is...