The CFPB is authorized to exercise its authority to ensure that: (1) Consumers are provided with timely and understandable information to make responsible decisions about transactions involving consumer financial products and services; (2) Consumers are protected from unfair, deceptive, or abusive acts and practices and from discrimination; (3) Outdated, unnecessary, or unduly burdensome regulations concerning consumer financial products and services are regularly identified and  1  Good Practices for financial consumers World Bank June 2012.
Also, that Digicel’s mobile money system is interoperable with other entrants in this market. Public awareness, customer education on the requirements to use the service, training and proper selection of agents and proper disclosure of charges are just some of the factors that will contribute to success in this new venture.