Last but not least, excessive burdens in smaller institutions contradict the idea of a level playing field, in other words, ensuring that competitive conditions are the same for all banks and savings banks. With regard to the creation of fair competitive conditions, rules which excessively burden certain institutions are simply wrong.
This represents exponential growth compared with the 47.4 million deposit accounts that took our banks 100 years to generate. While e-money accounts are just transactional accounts, it can be the first step or an “onramp” to more valuable financial services such as savings, credit, even microinsurance.