2012 Trends in Telecommunication Reform 2012

Smart Regulation for a Broadband World

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The annual Trends in Telecommunication Reform publications are a key part of the dialogue with the world's information and communications technology (ICT) policy-makers and regulators to ensure that all citizens can benefit from new applications, services and businesses opportunities brought by a broadband world.



The regulatory landscape for mobile banking

Nearly 2.7 billion adults in the developing world are considered “financially excluded,” that is they do not have access to basic financial services such as bank accounts. Approximately 2.2 billion of the unserved adults live in Africa, Asia, Latin America, and the Middle East. 2 Research indicates that within developing countries, on average, one bank branch and one automated teller machine (ATM) exists for every 10,000 people. This lack of, or limited access to, banking and financial services constrains growth and prosperity for consumers and the economy. For these “unbanked” individuals, lack of access to banking services oftentimes leaves them trapped in poor, cash only society. 4 For a country’s economy, limiting banking activity to traditional approaches can stifle entrepreneurship, stunt development, and even stall economic growth through the effective exclusion of large numbers of potential banking customers.


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