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  1. 1. Regulatory Strategy Next 6 Months Andrew Zerzan Director, Regulatory Projects
  2. 2. Regulatory Objectives <ul><li>Thought Leadership </li></ul><ul><li>Approaching Financial Authorities </li></ul><ul><li>Other Support </li></ul>Regulation
  3. 3. Thought Leadership: Completed Work <ul><li>Just finished regulatory Q&A </li></ul><ul><ul><li>In Annual Report </li></ul></ul><ul><ul><li>Provides answers to common questions from regulators about mobile money by non-banks </li></ul></ul><ul><li>Just finished short overview sheets on AML and E-money for newbies. </li></ul>Regulation
  4. 4. Thought Leadership: Next 6 mos. <ul><li>Retail Agent Study </li></ul><ul><ul><li>Recently MMU completed an extensive study on the business case of agents. </li></ul></ul><ul><ul><li>Regulation of agents a growing focus – liability </li></ul></ul>Regulation
  5. 5. Thought Leadership: Next 6 mos. <ul><li>Regulatory Database </li></ul><ul><ul><li>Purpose to give a quick overview of key regulatory conditions in a given market </li></ul></ul><ul><ul><li>Example: what are the KYC requirements? </li></ul></ul><ul><ul><li>Example: how much can a non-bank do? </li></ul></ul><ul><ul><li>Will become part of the MMU Deployment Tracker </li></ul></ul>Regulation
  6. 6. Approaching Financial Authorities <ul><li>Standard Setters for financial issues still green about mobile money </li></ul><ul><li>MMU has begun to build strong ties with key players (World Bank, CGAP, etc) </li></ul><ul><li>Need to leverage existing relationships to affect standards </li></ul>Regulation
  7. 7. Other Support <ul><li>Directly assist mobile money providers </li></ul><ul><li>Respond to government questions </li></ul><ul><li>Facilitate meetings between industry and regulators at regional and national levels </li></ul>Regulation
  8. 8. Contact <ul><li>Andrew Zerzan </li></ul><ul><li>Regulatory Projects Director </li></ul><ul><li>[email_address] </li></ul>Regulation

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