A legal analysis of the law regulating mobile money in Kenya: a case study of Nairobi
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Date
2017-03
Authors
Journal Title
Journal ISSN
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Publisher
Kampala International University.College Of Law
Abstract
This study focused on the Mobile Money transfer services in Nairobi. What is
majorly the point of concentration, is the legal implications mobile money came
along with , and whether there was need to amend the existing legal regime in
order to take care of the challenges and risks that faced thereof. Hence, it is at
this point that the study introduced the research topic. It discussed vividly the
background of the study, objectives of the study, scope and methodology, The
objective of the study was mainly to assess the effectiveness of the existing legal
framework and regulatory challenges of mobile money services in Nairobi. For
this reason this study did a literature review of various work written by a number
of authors to fill in the gap left Equally, this study analyzed the various concepts
and models of mobile money services that are available in Nairobi, in order to
bring out a clear understanding of what Mobile Money is and its importance. It
also delved into identifying the specific risks and challenges encountered by
consumers and service providers due to lack of effective laws and policies in
place. This was done after critically analyzing the legal regime influencing Mobile
Money in Nairobi.
Finally, the study proposed recommendations and concluding remarks on how
the challenges and risks faced may be addressed. This was to enable the
regulators get a view of what Mobile Money Services had faced due to
inappropriate legal framework and where to incorporate amendments or come
up with new enactments to regulate the services and ensure its positive
contribution towards the economy in Nairobi.
Description
Research report submitted to school of law in partial fulfilment for the award of the bachelor's degree of laws at Kampala International University
Keywords
Law, Mobile money, Nairobi