The most interesting quote in these articles is the following:
"The rules stipulate measures to promote competition and inhibit possible discriminatory practices in transferring funds within a bank and from one bank to another," the Bank of Mexico (Banxico) said in a statement. This possibly means that an Operator will be forced to offer mobile banking services with every bank, or at a minimum that an Operator can not stop a bank from offering a service on the network. If any of these are true, the following should be considered:
- it is extremely short-sighted as it would take away free-market forces and the competitive incentive to launch product quickly
- it would be impossible to police as the bank have little control over the actions of the Operator, as the Operator is not governed by the financial regulator and
- it would create extremely complex technological interpretations in order to give substance to the guidelines (for instance the definition of fund transfer, the routing and clearing of transactions etc.)
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