01762cas a2200241 a 4500 AALejournalIMF014558 230101c9999 xx r poo 0 0eng d 5.00 USD 9781498392051 1018-5941 BD-DhAAL BD-DhAAL Khiaonarong, Tanai. Oversight Issues in Mobile Payments / Tanai Khiaonarong. Washington, D.C. : International Monetary Fund, 2014. 1 online resource (35 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper examines oversight issues that underlie the potential growth and risks in mobile payments. International experience suggests that financial authorities can develop effective oversight frameworks for new payment methods to safeguard public confidence and financial stability by establishing: (i) a clear legal regime; (ii) proportionate AML/CFT measures to prevent financial integrity risks; (iii) fund safeguarding measures such as insurance, similar guarantee schemes, or 'pass through' deposit insurance; (iv) contingency plans for operational disruptions; and (v) risk controls and access criteria in payment systems. Such measures are particularly important for low-income countries where diffusion is becoming more widespread. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2014/123 Full text available on IMF http://elibrary.imf.org/view/journals/001/2014/123/001.2014.issue-123-en.xml IMF e-Library