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...

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...

EXECUTIVE SUMMARY Major achievements have been made in modernizing the payment system. Bosnia and Herzegovina was the first country of the former Yugoslavia to dismantle the old payment system, leading to significant efficiency improvements and risk reduction. The Central Bank of Bosnia and...