Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/298218 
Year of Publication: 
2023
Series/Report no.: 
AGDI Working Paper No. WP/23/019
Publisher: 
African Governance and Development Institute (AGDI), Yaoundé
Abstract: 
The present study investigates how increasing bank accounts and bank concentration affect mobile money innovations in 148 countries. It builds on scholarly and policy concerns in the literature that increasing bank accounts may not be having the desired effects on financial inclusion on the one hand and on the other, that bank concentration which is a proxy for market power is a relevant mobile money innovation demand factor. The empirical evidence is based on Tobit regressions. From the findings, it is apparent that boosting bank accounts is positively related to the three mobile money innovations (i.e. mobile bank accounts and the mobile phone used to send money). Moreover, some critical levels of bank account penetration require complementary policies in order to maintain the positive relationship between boosting bank accountsand positive outcomes in terms of money mobile innovations.Conversely,financial inclusion in terms of the three mobile money innovations is not significantly apparent upon enhancing bank concentration. Policy implications are discussed in the light of the provided thresholds for complementary policies.
Subjects: 
Mobile money
technology
diffusion
financial inclusion
inclusive innovation
information asymmetry
JEL: 
D10
D14
D31
D60
O30
Document Type: 
Working Paper

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