Mobile Money


“Mobile Money Asia.” Mobile Money Asia. January 9, 2015. Accessed February 20, 2015.

This blog shares thoughts on development of mobile money with a specific focus in Asia (Cambodia, the Pacific, Bangladesh, Indonesia, and etc.). Visitors who are interested in mobile money developments in Asian markets will find insights from those who worked in payments companies, start-ups, and development organizations in the regions.

Sachdev, Sunil. “Enabling the Move from Cash to Mobile Money.” Blog. November 25, 2014. Accessed February 20, 2015.

This blog answers to visitors who could ask why developing countries have an edge on developed countries that have complex financial systems; developing countries tend to have remarkable penetration of mobile devices and a lack of legacy systems.

“Why Does Kenya Lead the World in Mobile Money?” The Economist. May 27, 2013. Accessed February 20, 2015.

This blog explains why Kenya could become the world leader in mobile money. Visitors interested in finding out why Kenya’s been the most successful among dozens of other mobile-money systems that have also been launched will find interesting reasons and details.

Oyebode, Akin. “M-Pesa and beyond – Why Mobile Money Worked in Kenya and Struggles in Other Markets.” Venture Capital for Africa. January 15, 2014. Accessed February 20, 2015.

This blog shows why mobile money worked in Kenya and struggles in other markets: first mover advantage, the high cost of domestic remittances allowing the growth of cheaper alternatives, and the dominance of money transfer industry due to the monopoly of Safaricom.

Website articles:

Bhan, Niti. “Mobile Money Is Driving Africa’s Cashless Future.” Harvard Business Review. September 19, 2014. Accessed February 20, 2015.

This Harvard Business Review article shares a story about a current trend in which mobile money is driving Africa’s cashless future. Those interested in mobile money markets in Africa are encouraged to visit.

Shaffer, Richard. “Mobile Payments Gain Traction Among India’s Poor.” The New York Times. December 4, 2013. Accessed February 20, 2015.

This New York Times article portrays the development of traction of mobile payments among India’s poor population. Visitors who are interested in mobile money markets in India will keep track of their recent developments.

“Mobile-money Services: Let Us in.” The Economist. August 25, 2012. Accessed February 20, 2015.

This Economist article argues for the advantages of mobile money in lives of poor countries. Skeptics of mobile money effects on poor countries are encouraged to visit to see what it has to say.

Hasan, Mehdi. “How Was MBanking Successfully Embraced in Bangladesh?” ICT Works. February 20, 2015. Accessed February 20, 2015.

This article reports a growing success of mBanking service that has gradually made life easier for Bangladesh people living in both urban and rural areas. The author is optimistic that even conventional users currently using a traditional banking system could still become potential mBanking customers in the future.

Academic articles:

Aker, Jenny C. and Isaac M. Mbiti. “Mobile Phones and Economic Development in Africa.” The Journal of Economic Perspectives 24, no. 3 (Summer, 2010): 207-232. doi:

This paper examines the evolution of mobile phone coverage and adoption in sub-Saharan Africa and explores how mobile phone can influence economic outcomes and what the necessary conditions are to pursue broader economic development in Africa.

Ayo, C. K., W. I. Ukpere, A. Oni, U. Omote, and D. Akinsiku. “A Prototype Mobile Money Implementation in Nigeria.” African Journal of Business Management 6, no. 6 (Feb 15, 2012): 2195.

This paper introduces a short messages services (SMS) and unstructured supplementary service data (USSD) implementation of mobile money implementation in Nigeria and compares with M-PESA in Kenya, revealing some interesting discoveries.

Boss, Suzie. “All-Mobile Microfinance.” Stanford Social Innovation Review 11, no. 1 (Winter, 2013): 56.

This paper shares the optimism of the future of Musoni, the first all-mobile microfinance institution, which could provide a potential path to financial inclusion for unbanked citizens and expand its markets across Africa, Uganda, Tanzania, and Rwanda.

Edwards, Sebastian. “Capital Mobility, Capital Controls, and Globalization in the Twenty-First Century,” The Annals of the American Academy of Political and Social Sciences, vol. 579 (January 2002), pp. 261-270.

This paper analyzes the effects of economic openness and increasing capital mobility on the economic growth.

Githui, Donatus Mathenge. “Mobile money transfer in Kenya: an ethical perspective.” Research Journal of Finance and Accounting 2, no. 2 (2011): 152-160.,%20No%202%20%282011%29.pdf

This paper diagnoses the ethical and moral issues regarding mobile money transfer in Kenya and concludes that mobile players should adopt ethical theories and values to avoid potential misuse and unethical conduct that could occur in money transfer technologies.

Jack, William, Adam Ray, and Tavneet Suri. “Transaction Networks: Evidence from Mobile Money in Kenya.” The American Economic Review 103, no. 3 (05, 2013): 356-361. doi: 1353093416?accountid=14541.

This paper describes how deepened financial integration and expanded informal networks created by mobile money could allow households in Kenya to spread risk more efficiently.

Kendall, Jake and Rodger Voorhies. “The Mobile-Finance Revolution: How Cell Phones can Spur Development.” Foreign Affairs 93, no. 2 (Mar, 2014): 9-13.

Mentioning the recent study about M-Pesa, which increased the size and efficiency of the networks in Kenya, this paper claims that mobile-banking applications have the potential to encourage financial discipline in more effective ways.

Maurer, Bill. “Mobile Money: Communication, Consumption and Change in the Payment Space.” The Journal of Development Studies 48, no. 5 (2012): 589.

This article explores the field of mobile money in the developing world, discussing how economic techniques and narratives about the opportunities for profit and financial inclusion in the “payment space” format a consumer market for mobile money.

Maurer, Bill, Taylor C. Nelms, and Stephen C. Rea. “‘Bridges to Cash’: Channelling Agency in Mobile Money.” Journal of the Royal Anthropological Institute 19, no. 1 (03, 2013): 52.

This article explores and scrutinizes the agency of mobile money agents, the people who permit others to put cash into electronic money transfer system and pull cash out of it – so called, the ‘human ATMs’ or ‘bridges to cash.’


About startides

TIDES Research Assistant Intern
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