Mobile money, risk sharing, and transaction costs: a replication study of evidence from Kenya’s mobile money revolution

Nazila Alinaghi ()

Journal of Development Effectiveness, 2019, vol. 11, issue 4, 342-359

Abstract: M-PESA, a mobile phone-based technology for transferring money provides a gateway to formal financial services for populations who otherwise would not have access. This study re-examines Jack and Suri's 'Risk Sharing and Transaction Costs' paper. With a few minor differences, the results are robust to consistency tests and sensitivity analyses. Since rural households are expected to particularly benefit from M-PESA, the heterogenous effects have also been explored by comparing benefits across urban and rural residents. The findings reported here and in the original study provide strong empirical evidence that M-PESA has had a positive impact on people’s financial health. Such financial benefits derived from market-based mobile money innovations can be vital in combating world poverty.

Date: 2019
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DOI: 10.1080/19439342.2019.1684343

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