Central Bank of Lesotho - Guidelines on Mobile Money

This guideline is developed to conform to international best practice and standards. It is also a product of formal engagements and consultations with relevant stakeholders. After identifying person-to-person payments, over mobile money infrastructures, as a practical strategy for financial inclusion of the unbanked, the Central Bank of Lesotho opted for the creation of an enabling regulatory environment as a policy path towards achieving availability, acceptance and usage of mobile payments in Lesotho. Mobile money can be used to substantially increase the financial services outreach to the unbanked communities. The overriding vision is to achieve a nationally utilized and internationally recognized payment system.

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2013
Date of Document: 
Tuesday, January 1, 2013
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Central Bank of Lesotho

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