Central Bank of Yemen issues new mobile banking regulations

Alliance for Financial Inclusion Blogs

John Owens

A Yemeni money changer serves a customer at his small shop in Sanaa. A Yemeni money changer serves a customer at his small shop in Sanaa.

On 11 December 2014, the Central Bank of Yemen (CBY) issued new mobile banking regulations following an almost two-year process of reviews and discussions with the private sector and support from USAID, the World Bank, the Consultative Group to Assist the Poor (CGAP) and Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ). While there was much debate and a lot of international expertise that was brought to Yemen to develop this regulation, the central bank still wanted to learn from other central banks from around the world as well as address some lingering internal concerns. Mansour Rageh, who is the Deputy Manager for Islamic and Specialist Banks at the Central Bank of Yemen and the bank’s representative to the Alliance for Financial Inclusion’s (AFI) Digital Financial Services Working Group (DFSWG), recently visited the new AFI office in Kuala…

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This entry was posted in Alliance for Financial Inclusion, Mobile Money Regulations, Regulations, Uncategorized and tagged , , , , , . Bookmark the permalink.

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