Mobile Money and the Economy : A Review of Evidence

Mobile money is a recent innovation that provides financial transaction services via mobile phone, including to the unbanked global poor. The technology has spread rapidly in the developing world, “leapfrogging” the provision of formal banking services by solving the problems of weak institutional i...

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Bibliographic Details
Main Author:	Aron, Janine
Format:	Journal Article
Published:	Published by Oxford University Press on behalf of the World Bank 2020
Subjects:	HOUSEHOLD SAVINGS FINANCE FINANCIAL INSTITUTIONS CROSS-SECTIONAL MODEL MONETARY SYSTEMS CAPITAL INVESTMENT GOVERNMENT MOBILE MONEY MOBILE PHONE BANKING
Online Access:	http://hdl.handle.net/10986/33272

id	okr-10986-33272
recordtype	oai_dc
spelling	okr-10986-332722021-05-25T10:54:40Z Mobile Money and the Economy : A Review of Evidence Aron, Janine HOUSEHOLD SAVINGS FINANCE FINANCIAL INSTITUTIONS CROSS-SECTIONAL MODEL MONETARY SYSTEMS CAPITAL INVESTMENT GOVERNMENT MOBILE MONEY MOBILE PHONE BANKING Mobile money is a recent innovation that provides financial transaction services via mobile phone, including to the unbanked global poor. The technology has spread rapidly in the developing world, “leapfrogging” the provision of formal banking services by solving the problems of weak institutional infrastructure and the cost structure of conventional banking. This article examines the evolution of mobile money and its important role in widening financial inclusion. It explores the channels of economic influence of mobile money from a micro perspective, and critically reviews the empirical literature on the economic impact of mobile money. The evidence convincingly suggests that mobile money fosters risk-sharing, but direct evidence of the promotion of welfare and saving is still mostly rather less robust. 2020-02-03T18:15:53Z 2020-02-03T18:15:53Z 2018-08 Journal Article World Bank Research Observer 1564-6971 http://hdl.handle.net/10986/33272 CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank Published by Oxford University Press on behalf of the World Bank Publications & Research :: Journal Article Publications & Research
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
topic	HOUSEHOLD SAVINGS FINANCE FINANCIAL INSTITUTIONS CROSS-SECTIONAL MODEL MONETARY SYSTEMS CAPITAL INVESTMENT GOVERNMENT MOBILE MONEY MOBILE PHONE BANKING
spellingShingle	HOUSEHOLD SAVINGS FINANCE FINANCIAL INSTITUTIONS CROSS-SECTIONAL MODEL MONETARY SYSTEMS CAPITAL INVESTMENT GOVERNMENT MOBILE MONEY MOBILE PHONE BANKING Aron, Janine Mobile Money and the Economy : A Review of Evidence
description	Mobile money is a recent innovation that provides financial transaction services via mobile phone, including to the unbanked global poor. The technology has spread rapidly in the developing world, “leapfrogging” the provision of formal banking services by solving the problems of weak institutional infrastructure and the cost structure of conventional banking. This article examines the evolution of mobile money and its important role in widening financial inclusion. It explores the channels of economic influence of mobile money from a micro perspective, and critically reviews the empirical literature on the economic impact of mobile money. The evidence convincingly suggests that mobile money fosters risk-sharing, but direct evidence of the promotion of welfare and saving is still mostly rather less robust.
format	Journal Article
author	Aron, Janine
author_facet	Aron, Janine
author_sort	Aron, Janine
title	Mobile Money and the Economy : A Review of Evidence
title_short	Mobile Money and the Economy : A Review of Evidence
title_full	Mobile Money and the Economy : A Review of Evidence
title_fullStr	Mobile Money and the Economy : A Review of Evidence
title_full_unstemmed	Mobile Money and the Economy : A Review of Evidence
title_sort	mobile money and the economy : a review of evidence
publisher	Published by Oxford University Press on behalf of the World Bank
publishDate	2020
url	http://hdl.handle.net/10986/33272
_version_	1764478368099598336

Mobile Money and the Economy : A Review of Evidence

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