The impact of RICA on financial inclusion in South Africa

The impact of RICA on financial inclusion in South Africa

28 July, 2010    

In 2009, the South African government amended the Regulation of Interception of Communications Act (RICA) by introducing identification and verification measures for mobile phone users. The country’s experience of introducing similar requirements under the Financial Intelligence Centre Act (FICA) showed that identity verification could be a problematic requirement for low-income individuals that may unintentionally exclude people.

This 2010 report considers the impact of RICA on mobile financial services and financial inclusion in South Africa.

 


Download the report Size 671kb
Similar Articles
7 Lessons from 2024
Our work at Cenfri rarely follows the typical rhythms of the calendar year, yet, as 2024 draws to a close, we thought it would be good to reflect o...
Scaling up health microinsurance in Kenya: Insights and opportunities
How can we prevent high healthcare costs and low insurance penetration from driving peo...
A pocket guide to navigating the structure of the G20
On 1 December 2024, South Africa will take over the G20 presidency. This is a fantastic opportunity for Africa. In his recent Troika ...
Supporting the development of a digital finance index
Digital financial services are transforming global financial service provision and access. Rapid developments in fintech are disrupting and transfo...