journal article
Open Access
May 28, 2020
MOBILE MONEY, FINANCIAL INCLUSION AND DEVELOPMENT: A REVIEW WITH REFERENCE TO AFRICAN EXPERIENCE
Abstract
AbstractSurvey 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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Metrics
189
Citations
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References
Details
- Published
- May 28, 2020
- Vol/Issue
- 34(4)
- Pages
- 753-792
- License
- View
Authors
Funding
Economic and Social Research Council
Department for International Development
Cite This Article
Ahmad Hassan Ahmad, Christopher J. Green, Fei Jiang (2020). MOBILE MONEY, FINANCIAL INCLUSION AND DEVELOPMENT: A REVIEW WITH REFERENCE TO AFRICAN EXPERIENCE. Journal of Economic Surveys, 34(4), 753-792. https://doi.org/10.1111/joes.12372
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