Transaction Networks: Evidence from Mobile Money in Kenya
Mobile money allows households in Kenya to spread risk more efficiently. In this paper we show that these efficiencies are achieved through deeper financial integration and expanded informal networks. Active networks are more geographically dispersed and support more reciprocal financial arrangements. Consistent with the reported reciprocity, mobile money users report a higher share of transactions as being for credit and insurance purposes.
Volume (Year): 103 (2013)
Issue (Month): 3 (May)
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- Isaac Mbiti & David N. Weil, 2015.
"Mobile Banking: The Impact of M-Pesa in Kenya,"
NBER Chapters,in: African Successes, Volume III: Modernization and Development, pages 247-293
National Bureau of Economic Research, Inc.
- Isaac Mbiti & David N. Weil, 2011. "Mobile Banking: The Impact of M-Pesa in Kenya," Working Papers 2011-13, Brown University, Department of Economics.
- Isaac Mbiti & David N. Weil, 2011. "Mobile Banking: The Impact of M-Pesa in Kenya," NBER Working Papers 17129, National Bureau of Economic Research, Inc.