Multiple Uses of Mobile Money: Implications for Financial Inclusion

Yenkey, Christopher B.; Doering, Laura; Aceves, Pete

doi:10.2139/ssrn.2562520

Cited by 6 publications

(3 citation statements)

References 13 publications

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“…However, Yenkey et al . (2014) find that parents, rather than children, are the most frequent sending group. The use of M‐Pesa for saving increased between the surveys; lower risk and ease of use were the most frequent reasons given for saving through M‐Pesa instead of traditional repositories at home.…”

Section: Mobile Money: Theory and Evidencementioning

confidence: 99%

Mobile Money, Financial Inclusion and Development: A Review With Reference to African Experience

Ahmad¹,

Green²,

Jiang³

2020

Journal of Economic Surveys

125

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Survey literature on mobile money and its contribution in promoting financial inclusion and development, with a focus on sub‐Saharan Africa. We use taxonomic, descriptive and analytical methods to evaluate the state of knowledge in the area. We analyse how mobile technology in general may contribute to economic development and financial inclusion in theory and practise. We explain the mechanics of mobile money using Kenya's M‐Pesa as a canonical example; and consider whether the literature has fully established the potential economic impact of mobile money especially its contribution to financial inclusion. We also consider market structure, pricing and regulatory implications of mobile money. We conclude by highlighting issues that require further investigation: the take‐up of mobile money; mobile money and financial inclusion; substitutability between mobile money and conventional finance; and regulatory structures for institutions providing mobile money services.

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Section: Mobile Money: Theory and Evidencementioning

confidence: 99%

Mobile Money, Financial Inclusion and Development: A Review With Reference to African Experience

Ahmad¹,

Green²,

Jiang³

2020

Journal of Economic Surveys

125

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“…Kaffenberger (2014) highlighted the slow uptake of M-Shwari services in Kenya, with only 30% of users utilizing the platform for accessing mobile loans, and a mere 14% using it for saving purposes. Yenkey et al (2014) found that saving money through M-Pesa services is perceived as less risky and more convenient compared to traditional saving methods at home. Fanta et al ( 2016) conducted a study on the role of mobile money in nancial inclusion in the SADC region and found that mobile money is predominantly used for transactions and remittances rather than saving purposes.…”

Section: Mobile Phones As Saving Devicesmentioning

confidence: 99%

Impact of mobile financial services on financial inclusion: empirical insights from Kenya

Warsame,

Abdalla

2024

Int Rev Econ

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The study employed a cross-sectional design, collecting data in Nairobi County's Kasarani constituency.The participants consisted of entrepreneurs and customers present at the stalls during the interviews. While previous research has shown the positive impact of mobile money on nancial inclusion in Africa, there has been a lack of investigation into the potential role of demographic variables in the continuous intention to use mobile money applications. This study aims to address this research gap. The results indicate that in East Africa, mobile money applications are primarily used for borrowing loans rather than for saving purposes. Additionally, the study revealed that gender plays a reinforcing role in the positive relationship between con rmation, perceived satisfaction, and the extended post-acceptance model of mobile money application usage.

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“…First is by enhancing risk sharing through family, and second is through their social networks. Those who are financially included are more likely to send and receive remittances from family and friends than those who are not (Jack & Suri, 2014; Yenkey et al, 2014). This helps them to withstand negative shocks.…”

Section: Introductionmentioning

confidence: 99%

The role of financial inclusion in improving household well‐being

Sakyi‐Nyarko

Ahmad

Green

2022

J of Intl Development

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Using a nationally representative household survey data collected from Ghana, this paper investigates the relationship between financial inclusion and household well-being.The paper computes a comprehensive index for financial inclusion incorporating all its dimensions: availability, accessibility, usage and quality. Our econometric analyses employ both discrete and continuous models to produce robust results. The main result indicates that there are significant welfare gains from increased financial inclusion irrespective of its measure and control for endogeneity. The results also suggest that enhanced financial inclusion increases the likelihood of improving food consumption, medical treatment, cash income and school attendance outcomes. Thus, there is a clear policy implication: increasing financial inclusion will significantly contribute to the attainment of some key Sustainable Development Goals (SDGs).

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Multiple Uses of Mobile Money: Implications for Financial Inclusion

Cited by 6 publications

References 13 publications

Mobile Money, Financial Inclusion and Development: A Review With Reference to African Experience

Mobile Money, Financial Inclusion and Development: A Review With Reference to African Experience

Impact of mobile financial services on financial inclusion: empirical insights from Kenya

The role of financial inclusion in improving household well‐being

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