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
An assessment of customer due diligence and identity regulatory frameworks
Innovation opportunities for enhanced remittance access...
Strengthening financial integrity through inclusion
How proof of address fell
I...
The FATF standards and the unintended consequences
The Financial Action Task Force (...
An inclusive digital identity platform in the Pacific Islands
Digital identity is increasingly becoming the key enabler of digital inclusion across the globe. We conducted...
