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Understanding the greater diffusion of mobile money innovations in Africa

Simplice Asongu (), Nicholas Biekpe and Danny Cassimon ()

Telecommunications Policy, 2020, vol. 44, issue 8

Abstract: The present research extends Lashitew et al. (2019, RP) in order to understand the greater diffusion of mobile money innovations in Africa. To make this assessment, a comparative analysis is engaged between sampled African countries and the corresponding sampled developing countries. Three main types of predictor groups are used for the study, namely: demand, supply and macro-level factors. The empirical evidence is based on Tobit regressions. The tested hypothesis is confirmed because from a comparative analysis between African-specific estimates and those of the sampled countries, not all factors driving mobile money innovations in Africa are apparent in the findings of Lashitew et al. (2019). An extended analysis is also performed to take on board the concern of multicollinearity from which, the best estimators from the study are derived. Comparative findings from correlation analysis show that an African specificity is largely traceable to the ‘unique mobile subscription rate’ variable. An in-depth empirical analysis further confirms an African specificity in the outcome variables (especially in the mobile used to send/receive money) which, may be traceable to informal sector variables not documented in Lashitew et al. (2019). Scholarly and policy implications are discussed.

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)
Date: 2020
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Working Paper: Understanding the greater diffusion of mobile money innovations in Africa (2020) Downloads
Working Paper: Understanding the greater diffusion of mobile money innovations in Africa (2020) Downloads
Working Paper: Understanding the greater diffusion of mobile money innovations in Africa (2020) Downloads
Working Paper: Understanding the greater diffusion of mobile money innovations in Africa (2020) Downloads
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DOI: 10.1016/j.telpol.2020.102000

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