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payments system (NPS) in virtually every country in the world. Recently, the issuance of central bank digital currency (CBDC …
Persistent link: https://www.econbiz.de/10013255449
Over the years, the demand for seamless and inexpensive cross-border payments has grown in parallel with growth in … international e-commerce, remittances and tourism. Yet, cross-border payments have not kept pace with the intensive modernization …-border payments, with a view to reducing the inefficiencies and rents discussed above by shortening the payments value chain. This …
Persistent link: https://www.econbiz.de/10013255447
implications of CBDC for monetary policy, financial stability, financial intermediation, payments and settlements, financial …
Persistent link: https://www.econbiz.de/10013255448
In South Asia, the modern microfinance movement was born in Bangladesh in the 1970s as a response to the prevailing poverty conditions among its vast rural population. Astonishing growth rates in Bangladesh, particularly during 1990s, created a new dimension for microfinance worldwide as...
Persistent link: https://www.econbiz.de/10013255594
underserved, as does the available range and quality of financial products and services. The main mode for retail payments is … regular government payments or salaries. Most credit and deposit-taking activity still occurs among the middle-high income …
Persistent link: https://www.econbiz.de/10012644834
evaluation and increase risk for lenders; and competition issues (as with mobile payments and the so-called no-surcharge-rule on …
Persistent link: https://www.econbiz.de/10012560684
Financial service provision has expanded since the 2004 financial sector assessment program (FSAP) update, but access to financial services can expand greatly through mobile banking. An estimated 47 percent of adults in El Salvador have deposit accounts at a regulated financial institution,...
Persistent link: https://www.econbiz.de/10012247385
This Technical Note was prepared in the context of a World Bank Financial Sector Assessment Program mission in the Republic of El Salvador in March 2016. Despite the challenging economic environment, El Salvador has made significant strides towards a more inclusive financial sector. However, El...
Persistent link: https://www.econbiz.de/10012248275
Persistent link: https://www.econbiz.de/10010523353
This Annual Report, which covers the period from July 1, 2003, to June 30, 2004, has been prepared by the Executive Directors of both the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA) in accordance with the respective bylaws of...
Persistent link: https://www.econbiz.de/10012563939