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Regulatory Strategy Next 6 Months

Andrew ZerzanDirector, Regulatory Projects

Regulatory Objectives

• Thought Leadership

• Approaching Financial Authorities

• Other Support

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Thought Leadership: Completed Work

• Just finished regulatory Q&A– In Annual Report– Provides answers to common questions from

regulators about mobile money by non-banks

• Just finished short overview sheets on AML and E-money for newbies.

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Thought Leadership: Next 6 mos.

• Retail Agent Study– Recently MMU completed an extensive study on

the business case of agents. – Regulation of agents a growing focus – liability

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Thought Leadership: Next 6 mos.

• Regulatory Database– Purpose to give a quick overview of key regulatory

conditions in a given market– Example: what are the KYC requirements? – Example: how much can a non-bank do? – Will become part of the MMU Deployment

Tracker

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Approaching Financial Authorities• Standard Setters for financial issues still green

about mobile money• MMU has begun to build strong ties with key

players (World Bank, CGAP, etc) • Need to leverage existing relationships to

affect standards

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Other Support

• Directly assist mobile money providers• Respond to government questions• Facilitate meetings between industry and

regulators at regional and national levels

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Contact

Andrew Zerzan Regulatory Projects Director

azerzan@gsm.org

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