In the financial sector, regulators focus primarily on stability, predictability, and avoiding shocks. The recent financial crisis led many commentators to speak out on the difficulty, if not the failure, regulators had in controlling innovation, which had damaging consequences not only for the...

This paper examines how banks can translate the potential of mobile phones into greater financial access for poor people. Although mobile phone operators have been able to use the mobile phone for mobile remittance and bill payment services in several countries, banks have had little success in...

Provides a formal analysis of the economic drivers for branchless banking solutions. It exposes the design trade-offs that occur at the each of the key layers of service: the retail network (transaction acquisition), payments network (transaction aggregation and routing) and account/service...