Mobile money: challenges and regulatory approaches to mobile payment systems
Date
2016
Authors
Owino, Charles Omondi
Journal Title
Journal ISSN
Volume Title
Publisher
Strathmore University
Abstract
Mobile payment systems as their name suggests, are systems that are used to carry out financial transactions over a mobile telecommunications network. There are two main models of mobile payment systems : The Additive model -The mobile phone is simply used as a conduit for access to an existing bank account e.g. mobile banking services, which allow bank customers to access their bank accounts from their mobile phones.The Transformative model -The financial service is based entirely upon the mobile phone/ (from the user 's perspective). Examples of these include Mpesa and Airtel money, mobile payment services offered by the two leading mobile telecommunications companies -Safaricorn and Airte] Kenya.
Description
A Dissertation Submitted in Partial Fulfillment of the Bachelor of Laws (LL.B) Degree