Work

Is there a bottleneck for mobile money adoption in WAEMU?

Year: 2019

Type: article

Abstract: The main vision of governments in the countries of the West African Economic and Monetary Union (WAEMU) is to include financially the unbanked adult populations by developing digital financial services. This paper aims then at investigating the driving factors of mobile money adoption and the policies package that may alleviate the bottlenecks of the low digital financial inclusion in that area. Using both country and individual-level data from the World Bank database, we made first, a cluster analysis and thereafter a logistic regression to investigate both the macroeconomic and microeconomic driven factors of mobile money adoption. We found that country characteristic including literacy rate, labour force, mobile infrastructure and banking infrastructure in terms of numbers of ATM per 1,00,000 people are the main macroeconomic determinants of mobile money adoption. In addition, being young, man, educated, relatively richer and even banked increases the likelihood of adopting mobile money in WAEMU.

Source: Transnational Corporation Review

DOI: 10.1080/19186444.2019.1641393

Authors: Melain Modeste Senou, Wautabouna Ouattara, Denis Acclassato Houensou

Institutions: Université Félix Houphouët-Boigny, Université d'Abomey-Calavi

Language: English

Topic: Microfinance and Financial Inclusion

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDGs: Decent work and economic growth, Industry, innovation and infrastructure, Reduced inequalities

Open Access status: hybrid

Estimated APC paid: $1,400