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Migration, Money Transfers, and Mobile Money: Evidence from Niger

Author

Listed:
  • Jenny C. Aker
  • Silvia Prina
  • C. Jamilah Welch

Abstract

Mobile money can reduce the cost of sending remittances as compared with traditional money transfer systems. Despite remittances being a crucial part of the West African economy, mobile money is failing to take off. We use supply and demand data for money transfer services to better understand low mobile money adoption in Niger. Using a modified Becker-DeGroot-Marschak mechanism to elicit willingness to pay, we find that households are willing to pay the cost of sending a transfer via mobile money, with substantial regional variation. This regional variation is correlated with agent density, which suggests that agent infrastructure might be a barrier.

Suggested Citation

  • Jenny C. Aker & Silvia Prina & C. Jamilah Welch, 2020. "Migration, Money Transfers, and Mobile Money: Evidence from Niger," AEA Papers and Proceedings, American Economic Association, vol. 110, pages 589-593, May.
    • Handle: RePEc:aea:apandp:v:110:y:2020:p:589-93
    DOI: 10.1257/pandp.20201085
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    Citations

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    Cited by:

    1. Limodio, Nicola & Brunnermeier, Markus & Spadavecchia, Lorenzo, 2023. "Mobile Money, Interoperability and Financial Inclusion," CEPR Discussion Papers 18124, C.E.P.R. Discussion Papers.
    2. Aker, Jenny C. & Dillon, Brian & Welch, C. Jamilah, 2023. "Demand, supply and long-term adoption: Evidence from a storage technology in West Africa," Journal of Development Economics, Elsevier, vol. 165(C).
    3. Bianchi, Milo & Bouvard, Matthieu & Gomes, Renato & Rhodes, Andrew & Shreeti, Vatsala, 2023. "Mobile payments and interoperability: Insights from the academic literature," Information Economics and Policy, Elsevier, vol. 65(C).
    4. Zelu, Barbara Ama & Iranzo, Susana & Pérez Laborda, Alejandro, 2022. "Financial Inclusion and Women Economic Empowerment in Ghana," Working Papers 2072/535075, Universitat Rovira i Virgili, Department of Economics.
    5. Kanz, Martin & Breza, Emily & Klapper, Leora F., 2020. "Learning to Navigate a New Financial Technology: Evidence from Payroll Accounts," CEPR Discussion Papers 15565, C.E.P.R. Discussion Papers.
    6. Jenny Aker & David A Carroll, 2022. "The State of Digital Financial Services in Francophone West Africa," Working Papers hal-03642499, HAL.

    More about this item

    JEL classification:

    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
    • F24 - International Economics - - International Factor Movements and International Business - - - Remittances
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G51 - Financial Economics - - Household Finance - - - Household Savings, Borrowing, Debt, and Wealth
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance

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