Skip to Main Navigation

Lowering the cost of payments and money transfers in UEMOA (Inglês)

This policy note had two principal objectives: the first is to identify opportunities for and barriers to reducing the cost of money transfers between and within West African Economic and Monetary Union (UEMOA) member countries. The second objective is to identify means of further extending the reach of modern payment services and promoting access to basic transactional services to a much broader cross section of the population than the current user base. Lowering cross-border transaction costs in any monetary block or trade corridor is an important step in encouraging greater trade and enhanced use of formal financial services. The eight UEMOA countries use a common currency, the CFA Franc (FCFA). The currency is controlled and issued by the region's central bank, BCEAO. Additionally, UEMOA has a common modern payments infrastructure, which ought to facilitate widespread access to basic transactional payment instruments and transmission circuits.

Detalhes

  • Autor

    Musuku, Thilasoni Benjamin Malaguti, Maria Chiara Mason, Andrew McEwen Pereira, Ceu

  • Data do documento

    2011/07/01

  • TIpo de documento

    Informativo

  • No. do relatório

    63811

  • Nº do volume

    1

  • Total Volume(s)

    1

  • País

    Western Africa,

  • Região

    África,

  • Data de divulgação

    2011/09/06

  • Disclosure Status

    Disclosed

  • Nome do documento

    Lowering the cost of payments and money transfers in UEMOA

  • Palavras-chave

    payment system;Payments for Services;Finance & Private Sector Development;legal and regulatory framework;oversight of payment system;number of bank accounts;cost of money transfer;money transfer service;lack of interoperability;Electronic Payment;piece of legislation;volume of transfer;cost of transfer;international development agency;role of remittance;private sector participant;electronic payment system;payment system oversight;national payment system;private sector player;deployment of atms;public policy agenda;investment in network;bank financial institutions;formal financial service;financial sector development;payment instrument;modern technology;bank intermediation;telecommunications regulator;banking sector;Transactional Services;mobile telephone;commercial bank;market player;payment infrastructure;money laundering;consumer protection;mobile payments;local regulation;bank payment;mobile network;legal reform;cost structure;clearing system;basic infrastructure;common currency;university student;Trade Policy;administrative burden;mutual recognition;Financial Access;border payment;regulatory barrier;transaction cost;payment product;severely limits;potential users;small fraction;cash payment;financial resource;new entrant;electronic instrument;legal framework;agency relationship;interbank payment;card product;international money;remittance flow;diaspora community;recipient countries;payment flow;contractual arrangement;Labor migration;product gap;retail payment;open bank;cash withdrawal;holistic approach;settlement system;Trade Policies;cross-border transaction;technological development;greater access;financial bank;terminal network;bank service;regulatory regime;electronic transfer;transaction volume;

Downloads

COMPLETAR RELATÓRIO

Versão oficial do documento (pode conter assinaturas, etc.)

  • PDF oficial
  • TXT*
  • Total Downloads** :
  • Download Stats
  • *A versão do texto é um OCR incorreto e está incluído unicamente em benefício de usuários com conectividade lenta.