IDEAS home Printed from https://ideas.repec.org/p/hal/journl/hal-04125452.html
   My bibliography  Save this paper

Do financial innovations improve financial inclusion? Evidence from mobile money adoption in Africa

Author

Listed:
  • Désiré Avom

    (CEREG - University of Yaoundé II-SOA, Centre d'Etudes et de Recherche en Economie et Gestion)

  • Chrysost Bangake

    (LEM - Lille économie management - UMR 9221 - UA - Université d'Artois - UCL - Université catholique de Lille - Université de Lille - CNRS - Centre National de la Recherche Scientifique)

  • Hermann Ndoya

    (LAREFA - University of Dschang, Laboratoire de Recherche en Economie Fondamentale et Appliquée)

Abstract

This paper investigates the impact of financial innovations (mobile money) on financial inclusion. Using both parametric and nonparametric methods on panel data from 50 African countries over the period 2004–2020, we find that mobile money adoption positively affects financial inclusion. Indeed, the results from propensity score matching show that mobile money adoption promotes financial inclusion in a range of 12–14 %. These results stem from the match between the services offered to individuals and their needs. Our results remain robust to a battery of robustness checks, including alternative measures of financial inclusion, alternative sample, heterogeneity analysis, as well as alternative estimation method. Overall, this study contributes to the construction of a hitherto underdeveloped literature on the macroeconomic impact of mobile money in the context of digitalization of the financial system.

Suggested Citation

  • Désiré Avom & Chrysost Bangake & Hermann Ndoya, 2023. "Do financial innovations improve financial inclusion? Evidence from mobile money adoption in Africa," Post-Print hal-04125452, HAL.
    • Handle: RePEc:hal:journl:hal-04125452
    DOI: 10.1016/j.techfore.2023.122451
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hal:journl:hal-04125452. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: CCSD (email available below). General contact details of provider: https://hal.archives-ouvertes.fr/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.