Demystifying regulatory concerns for the use of cloud services in mobile money

Tuesday 31 Mar 2020 | Mobile for Development | Mobile Money | Mobile Money Programme | Regulation | Regulation | Report |

Demystifying regulatory concerns for the use of cloud services in mobile money image

Cloud services offer a number of benefits to organisations such as economies of scale, flexibility, operational efficiencies and cost-effectiveness. Globally, players in the financial services industry are now adapting their business models to embrace the cloud, and leverage new solutions provided by financial technology providers (fintechs) in order to improve their services and lower their investment costs.

For the mobile money industry, there is need to adopt these technological changes to increase scalability and contribute to bridging the financial inclusion gap in a sustainable manner.

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