China’s mobile payment: lessons for African countries

Fodouop Kouam Arthur William
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Fodouop Kouam Arthur William: School of Management, Hebei University, Baoding city, Hebei Province, China.

International Journal of Science and Business, 2022, vol. 15, issue 1, 87-93

Abstract: In Kenya in 2007, Safaricom launched its M-PESA solution for peer-to-peer money transfer, known as the start of mobile money. Nowadays, Africa is the global leader in mobile money. However, many see China as the leader in terms of mobile payment. In many African countries, mobile money transactions such as peer-to-peer transfers and personal account withdrawals are costly. While in China, the cost of these transactions is meager; some are even free of charge. This study aims to assess the lessons African countries can learn from China’s mobile payment. The empirical research question is to determine what African countries can learn from China’s mobile payment, especially peer-to-peer money transfers and personal account withdrawals. We collected data from 19 African countries from mobile network operators operating in these countries. We analyzed data using descriptive statistics. Findings show that the costs of peer-to-peer transfer and withdrawal from a personal account are expensive in African countries compared to China. African governments should promote the adoption of QR code payment and provide technology infrastructure and good regulation.

Keywords: Mobile money; Mobile payment; China; African countries. (search for similar items in EconPapers)
Date: 2022
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