“…Drawing in the insights provided in Section 2, from the established overall positive nexus, it can be inferred that the mobile phone is being used as an information sharing mechanism to reduce differences in information deficiency between lenders and borrowers in the banking industry. It follows that contemporary concerns about surplus liquidity (Fouda, 2009;Asongu, 2014a) and investment challenges to African business (Fasakin, 2021;Ikeanyibe, 2021) can be partly addressed by the use of mobile phones as an information sharing instrument, since doing so improves opportunities for credit allocation needed for investment purposes.…”