Mobile money and regional financial integration: Evidence from sub-Saharan Africa
Journal of Economic and Financial Sciences
| Field | Value | |
| Title | Mobile money and regional financial integration: Evidence from sub-Saharan Africa | |
| Creator | Tembo, Jonathan Okoro, Chioma | |
| Description | Orientation: The article examines the impact of mobile money adoption and regional financial integration in sub-Saharan Africa.Research purpose: The study sought to uncover the relationship between mobile money adoption and cross-border remittances as a de facto measure of regional integration.Motivation for the study: The extent to which differences in mobile money penetration rates across sub-Saharan Africa influence cross-border remittances remains a grey area that necessitates empirical investigation.Research approach, design and method: A quantitative research method was adopted and the study examined aggregated quarterly data obtained from 41 countries making up the four regions of sub-Saharan Africa. The study applied the dynamic ordinary least squares and fully modified ordinary least squares approaches as the estimation techniques.Main findings: Mobile money adoption has positively impacted cross-border remittances and improved de facto regional financial links in sub-Saharan Africa. The study’s findings also support the view that better governance through control of corruption and political stability removes dependence on remittances.Practical/managerial implications: There is a need to integrate mobile money and other cross-border remittance platforms to improve access to financial services for migrants and harness their savings into the mainstream economy.Contributions/value-add: The study adds to the body of knowledge by showing that higher mobile money penetration rates have regional integration benefits. | |
| Publisher | AOSIS | |
| Date | 2021-06-22 | |
| Identifier | 10.4102/jef.v14i1.655 | |
| Source | Journal of Economic and Financial Sciences; Vol 14, No 1 (2021); 13 pages 2312-2803 1995-7076 | |
| Language | eng | |
| Relation |
The following web links (URLs) may trigger a file download or direct you to an alternative webpage to gain access to a publication file format of the published article:
https://jefjournal.org.za/index.php/jef/article/view/655/1274
https://jefjournal.org.za/index.php/jef/article/view/655/1275
https://jefjournal.org.za/index.php/jef/article/view/655/1279
https://jefjournal.org.za/index.php/jef/article/view/655/1280
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