Regulation for E-payment Systems
Analytical Approaches Beyond Private Ordering
Bibliographic Data
| ID | 16767846 |
|---|---|
| Authors | Kemi Omotubora (0000-0002-5297-1816, University of Lagos, corresponding author), Subhajit Basu (0000-0003-2888-9721, University of Leeds, corresponding author) |
| Year | 2018 |
| Volume | 62 |
| Issue | 2 |
| Pages | 281-313 |
| Publication date | 2018-06-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Journal of African Law (JOURNAL) |
| Journal identifiers | ISSN: 0221-8553 • E-ISSN: 1464-3731 |
| Publisher | Cambridge University Press (PUBLISHER • US) |
| DOI | 10.1017/s0021855318000104 |
| OpenAlex | W2766460600 |
| Language | EN |
| Citations received | 1 |
| References cited | 17 |
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
Business · Economics · Financial services · Industrial organization · Law and economics · Mechanism (biology) · Payment · Payment system · Process (computing) · Public economics · Computer Science · Cybercrime and Law Enforcement Studies · Finance · Freedom of Expression and Defamation · Privacy, Security, and Data Protection
| Citations per year | 1 |
|---|---|
| Citation span | 2026 - 2026 (1) |
| Highly cited | No |