Omotubora, A and Basu, S orcid.org/0000-0001-5863-854X (2018) Regulation for E-payment Systems - Analytical Approaches Beyond Private Ordering. Journal of African Law, 62 (2). pp. 281-313. ISSN 0021-8553
Abstract
Technology-driven payment instruments and services are facilitating the development of e-commerce; however, security concerns beleaguer their implementation, particularly in developing countries. This article considers the limits of private ordering in the regulation of e-payment systems. It uses Nigeria to exemplify a developing country that is increasingly pushing for the adoption of a regulatory framework for e-payment systems based on private ordering. It argues that, although technical standards and self-regulation by the financial industry are important, law is an essential regulatory mechanism that is largely absent. The article proposes that law be used as a mechanism to set and compel compliance with technical and industry standards, thus building trust, catering to public interest concerns and legitimizing the regulatory process.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | (c) SOAS, University of London 2018. This is an author produced version of a paper published in Journal of African Law. Uploaded in accordance with the publisher's self-archiving policy. |
Keywords: | E-payments; Regulation; Private ordering; Public interest; Nigeria |
Dates: |
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Institution: | The University of Leeds |
Academic Units: | The University of Leeds > Faculty of Education, Social Sciences and Law (Leeds) > School of Law (Leeds) |
Depositing User: | Symplectic Publications |
Date Deposited: | 07 Sep 2017 12:01 |
Last Modified: | 17 Jul 2018 08:10 |
Status: | Published |
Publisher: | Cambridge University Press |
Identification Number: | 10.1017/S0021855318000104 |
Related URLs: | |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:120957 |