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The Rise of Mobile Money in Kenya: The Changing Landscape of M-PESA’s Impact on Financial Inclusion

dc.contributor.author Zhu, Hong
dc.date.accessioned 2014-04-29T15:16:50Z
dc.date.available 2014-04-29T15:16:50Z
dc.date.issued 2014-04-29
dc.identifier.uri https://hdl.handle.net/10161/8604
dc.description.abstract M-PESA, the hugely popular mobile money system in Kenya, has been celebrated for its potential to “bank the unbanked” and increase access to financial services. This paper provides evidence to support this idea and explores mechanisms through which this might be the case. It specifically looks at the savings products held by individuals and how this changes in relation to M-PESA use. It then constructs an index for measuring the extent to which individuals are integrated into the formal financial sector. This paper argues that M-PESA’s effect on financial inclusion is a growing phenomenon, which suggests that keeping pace with the rapid evolutions of this mobile money system should be a high priority for researchers. As this paper elucidates, M-PESA has become notably more integrated with the formal financial sector in 2013 as compared to 2009, which holds implications for user behavior.
dc.subject Mobile money, savings, financial inclusion, technology
dc.title The Rise of Mobile Money in Kenya: The Changing Landscape of M-PESA’s Impact on Financial Inclusion
dc.type Honors thesis
dc.department Economics


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