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Malaŵi’s Existing Regulatory Framework of Mobile Money


Author(s) : Sunduzwayo Madise
Palgrave Macmillan Studies in Banking and Financial Institutions

Abstract


This chapter analyses the existing regulatory framework around mobile money in Malaŵi (Malawi) and argues that the issues faced by Malaŵi are representative of sub-Saharan Africa. In analysing the plurality of regulators involved with mobile money, it concludes that the traditional banking architecture is ill-suited for mobile money and that the plurality of regulators may lead to a lack of regulatory focus and regulatory arbitrage. The hybrid nature of mobile money is at the centre of the regulatory incoherence. Mobile money while being a financial service also is a service that rides on the rail of the telecommunication service. Since in most countries, mobile money is offered by mobile network operators, regulating it offers a challenge to the financial regulator and the communications regulator.


Original language en
Pages (from-to) 269-304
Publication status Published - 2019

Access document

10.1007/978-3-030-13831-8_8

License

http://www.springer.com/tdm
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Access document

10.1007/978-3-030-13831-8_8

License

http://www.springer.com/tdm