Munich Personal RePEc Archive

Mobile Phone Penetration, Mobile Banking and Inclusive Development in Africa

Asongu, Simplice and Nwachukwu, Jacinta C. (2016): Mobile Phone Penetration, Mobile Banking and Inclusive Development in Africa. Published in: African Finance Journal , Vol. 18, No. 1 (September 2016): pp. 34-52.

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Abstract

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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