Developments in Mobile Technology and the Emergence of Mobile Money

Sunduzwayo Madise ()
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Sunduzwayo Madise: University of Malawi

Chapter Chapter 3 in The Regulation of Mobile Money, 2019, pp 63-110 from Palgrave Macmillan

Abstract: Abstract This chapter analyses the development of the mobile phone and how this has uniquely led to the success of the mobile money service in sub-Saharan Africa. It provides a brief overview of the development of the telephone and the challenges faced by the landline in sub-Saharan Africa. The chapter looks at how mobile network operators developed a revolutionary solution to the remittance dilemma facing most parts of sub-Saharan Africa by developing the mobile service, as an add-on service based on the small messaging service. Using the framework developed in Chapter 2 , it analyses mobile money and airtime credit as emerging forms of money. The chapter also examines how the mobile money payment system interacts with the national payment system.

Keywords: Landline; Mobile phone; Mobile money ecosystem; Remittance dilemma; Airtel Money; TNM Mpamba (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-3-030-13831-8_3

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DOI: 10.1007/978-3-030-13831-8_3

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