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Mobile financial service should be free from overregulation: experts

Telecom financial services experts here today called for keeping the mobile financial services out of over-regulation so that the 50 percent unbanked population of the world could be incorporated into the financial services to boost it in future. They have also consented that collaboration between the banking, financial service and telecommunication regulators might establish a platform where the unbanked people would get opportunity to avail different kinds of financial services smoothly with the access of mobile banking, as 75 percent of world's population has the access to mobile communication, reports BSS. Their observations came at a panel discussion "Many Faces of Mobile Financial Services" at the final day of the ITU Telecom World 2013 that began on November 19 in the capit...