Law, mobile money drivers and mobile money innovations in developing countries

Simplice Asongu, Peter Agyemang-Mintah () and Rexon Nting
Additional contact information
Peter Agyemang-Mintah: Abu Dhabi, United Arab Emirate

No 21/021, Working Papers from European Xtramile Centre of African Studies (EXCAS)

Abstract: This study investigates how the rule of law (i.e. law) modulates demand- and supply-side drivers of mobile money to influence mobile money innovations (i.e. mobile money accounts, the mobile phone used to send money and the mobile phone used to receive money) in developing countries. The following findings from Tobit regressions are established. First, from the demand-side linkages, law modulates: (i) bank accounts and automated teller machine (ATM) penetration for negative interactive relationships with mobile money innovations and (ii) bank sector concentration for a positive interactive relationship with mobile money accounts. Second, from supply-side linkages, law interacts with: (i) mobile subscriptions for a negative relationship with the mobile phone used to send money; (ii) mobile connectivity coverage for a negative nexus on the mobile phone used to receive money and (iii) mobile connectivity performance for a negative influence on the mobile phone used to send/receive money. Policy implications are discussed in the light of enhancing the rule of law as well as improving mobile phone subscription, connectivity and performance dynamics.

Keywords: Mobile money; technology diffusion; financial inclusion; inclusive innovation (search for similar items in EconPapers)
JEL-codes: D10 D14 D31 D60 O30 (search for similar items in EconPapers)
Pages: 26
Date: 2021-01
New Economics Papers: this item is included in nep-fle, nep-ino, nep-isf, nep-mfd, nep-mon, nep-ore and nep-pay
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Citations: View citations in EconPapers (8)

Forthcoming: Technological Forecasting and Social Change

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http://publications.excas.org/RePEc/exs/exs-wpaper ... loping-countries.pdf Revised version, 2021 (application/pdf)

Related works:
Journal Article: Law, mobile money drivers and mobile money innovations in developing countries (2021)
Working Paper: Law, mobile money drivers and mobile money innovations in developing countries (2021)
Working Paper: Law, mobile money drivers and mobile money innovations in developing countries (2021)
Working Paper: Law, mobile money drivers and mobile money innovations in developing countries (2021)
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