Economy

Best Practices in Financial Mechanisms for ICT for by United Nations

By United Nations

Either levels of the area Summit on details Society highlighted the need of multi-stakeholders partnerships to make sure leading edge options are designed and applied to minimize the electronic divide. This file, bargains examples of profitable financing mechanisms for info and communique expertise for improvement by way of govt, inner most firms, foundations, enterprise capitals and marketers, so that it will additional enhance schooling, open resource improvement, e-business, e-health and extend localized content material.

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Extra resources for Best Practices in Financial Mechanisms for ICT for Development in Asia and the Pacific

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Mobile commerce services can be replicated as a way to buy and sell goods and services in rural areas. As of April 2006, transactions of US$100 million are conducted daily47. A proposed tax on mobile commerce services could generate funding for ICT development purposes. Loan officers are travelling less, and banks are saving on travelling costs. The cost savings is further passed on to bank customers through reduced service fees and lower interest rates. This also reduces risks associated with collection and transfer of money in the field.

In many countries, the majority of the revenues earned come from game memberships, and pay-peruse fees from establishments such as Internet Cafes45. Online multi-player games earn bulk of their revenues from monthly subscriptions, and it is a favored model rather than the traditional retail sale of boxed CD-ROM games that can be easily pirated. Popularity of multi-player online games, prevalence of Internet Cafes, and prepaid online gaming subscription model are among the key factors that are contributing to the market’s growth.

Taxing proposals to generate funding for ICT development were stated in the hope that it may be effective, and sustainable. Proposals towards taxing online gaming as it is a large revenue generator for Asia; taxing revenues generated from the sale/lease of Internet domain names, as seen from cases in the Pacific Islands; mobile commerce services based on bank transactions in collaboration with telecom organizations, and spending on consumer durables in rural areas made possible by increasing number of banks focusing on rural consumer finance.

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