Show simple item record

Mobile Money in Sub-Saharan Africa and Its Implications

dc.contributor.authorJong-Moon Jang
dc.contributor.authorHyunju Park
dc.date.accessioned2018-12-30T08:20:32Z
dc.date.available2018-12-30T08:20:32Z
dc.date.issued2016-01-29
dc.identifier.issn2233-9140
dc.identifier.urihttp://hdl.handle.net/11540/9163
dc.description.abstractOn the African continent, the usage of mobile money, an innovative, new form of financial service, is expanding rapidly. According to the World Bank’s,1 Global Findex Database 2014, 13 countries with the highest user bases in proportion to the population (>10%) were all located in sub-Saharan Africa. Mobile money, a typical model of FinTech industry, is regarded as a practical alternative to the classical banking system. Due to the minimal requirements for its financial service infrastructure, mobile money services are expanding rapidly across developing countries. The widespread usage of mobile money services in Africa is viewed as a meaningful progress in financial innovation in that the service was formed on the back of local demand. The companies distributing the service in this case took a bottom-up approach in developing the platform. The new service, now expanding from developing countries to well developed countries, shows how innovative solutions to a local problem could engender a completely new type of service that could be applied globally. Therefore, we need to assess the current usage pattern of the service and try to understand its impact on the consumer banking service in Africa and beyond.
dc.languageEnglish
dc.publisherKorea Institute for International Economic Policy
dc.titleMobile Money in Sub-Saharan Africa and Its Implications
dc.typeReports
dc.subject.expertEconomic Development
dc.subject.expertEconomic Infrastructure
dc.subject.expertEconomic Policies
dc.subject.expertRegional Economic Development
dc.subject.expertMicrofinance Programs
dc.subject.expertPublic Finance
dc.subject.expertLocal Financing
dc.subject.expertFinancial Stability
dc.subject.expertFinancial Sector Regulation
dc.subject.expertPublic Financial Management
dc.subject.expertFinancial System
dc.subject.expertFinancial Statistics
dc.subject.expertForeign and Domestic Financing
dc.subject.expertFinancial Inclusion
dc.subject.adbEnterprises
dc.subject.adbFinancial aid
dc.subject.adbEconomies in transition
dc.subject.adbLocal Finance
dc.subject.adbLocal Government
dc.subject.adbInsurance Companies
dc.subject.adbBanks
dc.subject.adbSocial Equity
dc.subject.adbPension Funds
dc.subject.adbMutual Funds
dc.subject.adbFinancial Aspects
dc.subject.adbFiscal Policy
dc.subject.naturalSocial responsibility of business
dc.subject.naturalAccounting
dc.subject.naturalPersonal budgets
dc.subject.naturalCost and standard of living
dc.subject.naturalBank accounts
dc.subject.naturalCredit control
dc.subject.naturalRegulatory reform
dc.subject.naturalBanks and banking
dc.subject.naturalDigital Financial Service
dc.subject.naturalPension plans
dc.subject.naturalIndividual retirement accounts
dc.subject.naturalEmployee pension trusts
dc.subject.naturalInvestment management
dc.subject.naturalInvestments
dc.subject.naturalMultiemployer pension plans
dc.subject.naturalKeogh plans
dc.subject.naturalIndividual retirement accounts
dc.subject.naturalPension plans
dc.subject.naturalEmployee pension trusts
dc.subject.naturalPension trusts
dc.subject.naturalInvestment companies
dc.subject.naturalInternational banks and banking
dc.subject.naturalStock exchanges
dc.title.seriesKIEP World Economy Update
dc.title.volumeVol. 6 No. 3
dc.contributor.imprintKorea Institute for International Economic Policy
oar.themeEconomics
oar.themeFinance
oar.adminregionAsia and the Pacific Region
oar.countryBangladesh
oar.countryBhutan
oar.countryIndia
oar.countryMaldives
oar.countryNepal
oar.countrySri Lanka
oar.countryBrunei Darussalam
oar.countryCambodia
oar.countryIndonesia
oar.countryLao People's Democratic
oar.countryMalaysia
oar.countryMyanmar
oar.countryPhilippines
oar.countrySingapore
oar.countryThailand
oar.countryViet Nam
oar.countryCook Islands
oar.countryFiji Islands
oar.countryKiribati
oar.countryMarshall Islands
oar.countryFederated States of Micronesia
oar.countryNauru
oar.countryPalau
oar.countryPapua New Guinea
oar.countrySamoa
oar.countrySolomon Islands
oar.countryTimor-Leste
oar.countryTonga
oar.countryTuvalu
oar.countryVanuatu
oar.countryAfghanistan
oar.countryArmenia
oar.countryAzerbaijan
oar.countryGeorgia
oar.countryKazakhstan
oar.countryKyrgyz Republic
oar.countryPakistan
oar.countryTajikistan
oar.countryTurkmenistan
oar.countryUzbekistan
oar.countryPeople's Republic of China
oar.countryHong Kong
oar.countryChina
oar.countryRepublic of Korea
oar.countryMongolia
oar.countryTaipei,China
oar.identifierOAR-008646
oar.authorJang, Jong-Moon
oar.authorPark, Hyunju
oar.importTRUE
oar.googlescholar.linkpresenttrue


Files in this item

Thumbnail

This item appears in the following Collection(s)

Show simple item record