Over the past few weeks we have been looking into different countries’ regulatory practices for e-money issuers. E-money is what is stored in customer and agent wallets in mobile money services around the world. Given the lower risk that e-money entails, regulators are creating a license class for e-money that imposes a less costly regulatory burden compared to that of a full-blown banking license.

Read more: http://mmublog.org/global/what-regulators-really-want-when-applying-for-a-license/