Mobile money and financial inclusion in Sub-Saharan Africa
Research output: Contribution to journal › Research article › Contributed › peer-review
Contributors
Abstract
In this paper, we utilize survey data collected in 2017 from 12,735 individuals across nine Sub-Saharan African countries. We merge the survey data with geographic information related to the proximity of mobile network towers and banking facilities, based on the geo-locations of the respondents. Our estimation approach comprises a two-stage model. In the first stage, consumers make choices between adopting a feature phone or a smartphone. In the second stage, they make decisions regarding the use of mobile money services. Our findings reveal that network coverage significantly influences the adoption of mobile phones. Moreover, we observe that mobile money services are more favored by younger and relatively wealthier individuals for sending money, while older individuals and those with lower incomes tend to use mobile wallets for receiving money. Consequently, mobile money services facilitate younger migrant workers residing in areas with better infrastructure in providing support to their older relatives in less developed regions.
Details
Original language | English |
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Article number | 101064 |
Journal | Information Economics and Policy |
Volume | 65 |
Publication status | Published - Dec 2023 |
Peer-reviewed | Yes |
External IDs
ORCID | /0000-0002-6526-9663/work/150883819 |
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Keywords
Sustainable Development Goals
ASJC Scopus subject areas
Keywords
- Financial inclusion, Mobile money, Sub-Saharan Africa