Page 251 - The Digital Financial Services (DFS) Ecosystem

ITU-T Focus Group Digital Financial Services
Ecosystem

That said, policy makers face a tough balancing act. On one hand, social networks can bring significant value
to BoP populations and policy makers should therefore consider policies that encourage adoption. On the
other hand, social networks are tremendously powerful and regulators should explore policies that protect
consumers from potentially harmful effects, paying special attention to data privacy, market power, and
other concerns.
In short, social networks have tremendous potential to enable new forms of commerce, benefitting BoP buyers
and sellers and helping eMoney systems move towards digital liquidity, but a comprehensive, long-range
perspective will be important for optimizing the value for all stakeholders.

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