Similarly, labor markets must be flexible enough to allow for the prompt re-allocation of resources in response to changes in demand. The economy also must be competitive enough to allow useful innovations at some firms to be transmitted throughout the industry by market pressure.
The approach which the BOU has adopted, and which is similar to that of other financial sector regulators in the region, such as the Central Bank of Kenya, is to require mobile money operators to collaborate with a commercial bank and to hold in an escrow account in their partner bank sufficient funds to cover all of the electronic money which they have sold to their customers.