Mobile money

Tavneet Suri, Jenny C. Aker, Cátia Batista, Michael Callen, Tarek Ghani, William Jack, Leora Klapper, Emma Riley, Simone Schaner, Sandip Sukhtankar

Research output: Other contributionpeer-review

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Abstract

The surge in access to mobile phones throughout the developing world has brought with it a wide range of
benefits. One of the most noteworthy breakthroughs has been mobile money, enabling users to deposit,
transfer, and withdraw funds from a digital account without owning a bank account Mobile money provides
a dramatic reduction in transaction costs, as well as improvements in convenience, security, and time
taken for the transaction. There is a growing literature that documents the benefits of mobile money,
including improvements in the ability to smooth consumption better in the face of health and economic
shocks, improving women’s empowerment, and reducing poverty. More recently, there has been a growth
in digital financial services that use mobile money as the rails to deliver other products (largely credit).
However, such innovations are few and far between with more research needed on their deployment and
impact.
Original languageEnglish
TypeWiki-inspired literature review
Media of outputWebsite
Number of pages28
Publication statusPublished - Feb 2021

Publication series

NameVoxDevLit
No.1
Volume2

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