n African Finance Journal - Mobile phone penetration, mobile banking and inclusive development in Africa
|Article Title||Mobile phone penetration, mobile banking and inclusive development in Africa|
|© Publisher:||AfricaGrowth Institute|
|Journal||African Finance Journal|
|Affiliations||1 African Governance and Development Institute and 2 Coventry University, UK|
|Publication Date||Jan 2016|
|Pages||34 - 52|
|Keyword(s)||Africa, Banking, Financial development, Mobile phones and Shadow economy|
The study assesses the role of mobile phones and mobile banking in decreasing inequality in 52 African countries. The empirical procedure involves first, examining the income-redistributive effect of mobile phone penetration and then investigating the contribution of mobile banking services in this relationship. The findings suggest an equalizing income-redistributive effect of 'mobile phone penetration' and 'mobile banking', with a higher income-equalizing effect from mobile banking compared to mobile phone penetration. Poverty alleviation channels explaining this difference in inequality mitigating propensity are discussed.
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