Money ManagMent by HouseHolds and FirMs in Kenya ‡ Transaction Networks: Evidence from Mobile Money in Kenya
نویسندگان
چکیده
There is strong evidence that monetary transfers within networks of family members and friends are central to household risk sharing strategies and potentially to informal credit systems as well. In recent years, mobile money services that allow individuals to transfer purchasing power via short messaging service (SMS) have captured the attention of researchers, in part because they have the potential to revolutionize such transfers in developing countries where financial infrastructure and services are broadly lacking. The growth in these services in parts of the developing world has been remarkable, especially in Kenya, where at least 70 percent of households now have access to M-PESA, the country’s largest mobile money product, only five years after its launch. Transferring mobile money credits is convenient and cheap, and high levels of liquidity are
منابع مشابه
Impact of Mobile Phone-Based Money Transfer Services in Agriculture: Evidence from Kenya
This study contributes to pioneering literature on the impact of mobile phone-based money transfer, especially in agriculture. It provides information regarding financial intermediation to the excluded through the use of new generation Information Communication Technology (ICT) tools, especially the mobile phone. The study employs propensity score matching technique to examine the impact of MMT...
متن کاملDocumenting the birth of a financial economy.
The birth and explosive growth of mobile money in Kenya has provided economists with an opportunity to study the evolution and impact of a new financial system. Mobile money is an innovation that allows individuals to store, send, and receive money on their mobile phone via text message. This system has opened up basic financial services to many who were previously excluded, and has had real an...
متن کاملDoes Participation in Farmer Field School Extension Program Improve Crop Yields? Evidence from Smallholder Tea Production Systems in Kenya
Agricultural Extension services are among the most important rural services in developing countries. The services are considered to be a key driver of technological change and productivity growth in agriculture. In Kenya, like in the rest of the developing economies, agricultural extension has largely been delivered through supply–driven approaches. Due to perceived low impact of agricultural e...
متن کاملMobile Money, Smallholder Farmers, and Household Welfare in Kenya
The use of mobile phones has increased rapidly in many developing countries, including in rural areas. Besides reducing the costs of communication and improving access to information, mobile phones are an enabling technology for other innovations. One important example are mobile phone based money transfers, which could be very relevant for the rural poor, who are often underserved by the forma...
متن کاملThe Home Economics of E-Money: Velocity, Cash Management, and Discount Rates of M-Pesa Users.
M-Pesa, a service operated by the mobile phone network Safaricom in Kenya, allows users to deposit money onto their telephone handsets, transfer e-money to another user with a simple text message, and withdraw cash at one of thousands of outlets throughout the country. The system is safer, cheaper, and far faster than the money transfer systems that it replaced. Although only five years old, M-...
متن کامل