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Mobile Money: Implications for Emerging Markets


  • James ALLEMAN

    (University of Colorado)


    (Temple University)


Developing countries lack effective infrastructure: transportation, telecommunications, financial systems, etc. The positive economic impact of the improved telecommunications infrastructure has been demonstrated. The ability of microfinance has been shown to stimulate and enhance economic activity. Now a hybrid of the technologies has begun to emerge: mobile money. The ubiquity of cell phone service, coupled with the notion of microfinance offers the possibility of service in remote areas of a country where it would be otherwise economically unsustainable to provide banking services. Mobile money has all of the attributes of money including store of value and medium of exchange. This paper addresses the economics and policy issues of mobile money: What are the economics of mobile money? What policy issues does it raise? Is it a threat to the traditional banking system? How should it be regulated? What can we learn from the microfinance literature? Do we have empirical evidence of its impact on growth and development?

Suggested Citation

  • James ALLEMAN & Paul RAPPOPORT, 2010. "Mobile Money: Implications for Emerging Markets," Communications & Strategies, IDATE, Com&Strat dept., vol. 1(79), pages 15-28, 3rd quart.
  • Handle: RePEc:idt:journl:cs7901

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    References listed on IDEAS

    1. Rajdeep Sengupta & Craig P. Aubuchon, 2008. "The microfinance revolution: an overview," Review, Federal Reserve Bank of St. Louis, issue Jan, pages 9-30.
    2. Lars-Hendrik Roller & Leonard Waverman, 2001. "Telecommunications Infrastructure and Economic Development: A Simultaneous Approach," American Economic Review, American Economic Association, vol. 91(4), pages 909-923, September.
    3. Sophie PERNET-LUBRANO, 2010. "Mobile payments: moving towards a wallet in the cloud?," Communications & Strategies, IDATE, Com&Strat dept., vol. 1(79), pages 63-72, 3rd quart.
    4. Anusua Datta & Sumit Agarwal, 2004. "Telecommunications and economic growth: a panel data approach," Applied Economics, Taylor & Francis Journals, vol. 36(15), pages 1649-1654.
    5. Nina Czernich & Oliver Falck & Tobias Kretschmer & Ludger Woessmann, 2011. "Broadband Infrastructure and Economic Growth," Economic Journal, Royal Economic Society, vol. 121(552), pages 505-532, May.
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    1. repec:spr:eurasi:v:7:y:2017:i:2:d:10.1007_s40821-016-0057-1 is not listed on IDEAS

    More about this item


    Competition; economic dynamics; neoclassical economics; pricing policy; regulation.;

    JEL classification:

    • O00 - Economic Development, Innovation, Technological Change, and Growth - - General - - - General


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