The Digital Financial Services (DFS) Working Group provides a platform for policymaker discussion concerning regulatory issues over digital financial services (DFS), including mobile financial services (MFS), branchless banking, electronic money, digital payment solutions and other new technologies being introduced to promote DFS as a major driver of greater financial inclusion in emerging and developing countries.
The DFS Working Group aims to create an enabling policy and regulatory environment for transformational DFS at national levels. Working group members strive to develop a shared understanding of the risk profiles of emerging DFS business models, which is essential to designing appropriate regulatory frameworks, and stimulate discussion and learning on new approaches and good practices in DFS regulation by encouraging policymakers to exchange experiences.
The DFS Working Group provides a platform for capturing, tracking and sharing information on innovative digital financial services, products, business models and appropriate new policy responses, and establishes linkages and provides inputs, where appropriate, to global Standard-Setting Bodies (SSBs) seeking to establish proportionate supervisory approaches.
View our DFS Working Group Fact Sheet to learn more about the working group and its policy changes and peer reviews.