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Mobile Money Adoption and Financial Inclusion Objectives: A Macroeconomic Approach through a Cluster Analysis

Author

Listed:
  • Maëlle Della Peruta

    (University of Nice Sophia Antipolis, France
    GREDEG CNRS)

Abstract

This paper investigates the adoption patterns of Mobile Money in emerging and developing countries. Starting from macroeconomic comparative and case studies realised by practitioners experts, this paper proposes a wider macroeconomic approach based on cluster analysis as an alternative strategy for assessing similarity in adoption levels. By anchoring observations from previous studies in innovation adoption and diffusion theories, this article evaluates dissimilarity between groups of countries sharing the same adoption levels. Since the results matches with hypotheses from the innovation adoption and diffusion literature, this analysis nuances the potential of Mobile Money as an inclusive financial tool fighting banking exclusion.

Suggested Citation

  • Maëlle Della Peruta, 2015. "Mobile Money Adoption and Financial Inclusion Objectives: A Macroeconomic Approach through a Cluster Analysis," GREDEG Working Papers 2015-49, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), University of Nice Sophia Antipolis.
  • Handle: RePEc:gre:wpaper:2015-49
    as

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    File URL: http://www.gredeg.cnrs.fr/working-papers/GREDEG-WP-2015-49.pdf
    File Function: First version, 2015
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Complementary currencies; scar effect; employability; mutual credit;

    JEL classification:

    • E03 - Macroeconomics and Monetary Economics - - General - - - Behavioral Macroeconomics
    • G00 - Financial Economics - - General - - - General
    • O35 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Social Innovation
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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