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Can e-payment systems revolutionize finance of the less developed countries? The case of mobile payment technology

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  • Hamdi, Helmi

Abstract

Technological progress in mobile industry makes mobile phones the most adopted technology of the last decade by the rich as well as poor. Mobile phones were at first intended for voice communication; nowadays they are used for sending and receiving information and they provide many advanced services to their users. Recent generation of mobile phones allows consumers to carry out transactions in the real and the virtual world by the use of mobile devices through mobile network. It is done by using mobile device such as Cell phone or PDA which is connected to payment access using mobile operator network. The aim of this paper is to analyze the technological evolution of mobile phones and to identify the macroeconomic consequences of their introduction into the financial sector

Suggested Citation

  • Hamdi, Helmi, 2010. "Can e-payment systems revolutionize finance of the less developed countries? The case of mobile payment technology," MPRA Paper 64597, University Library of Munich, Germany, revised 2011.
    • Handle: RePEc:pra:mprapa:64597
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    References listed on IDEAS

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    Cited by:

    1. Muhammad Ali Nasir & Junjie Wu & Milton Yago & Haohong Li, 2015. "Influence of Psychographics and Risk Perception on Internet Banking Adoption: Current State of Affairs in Britain," International Journal of Economics and Financial Issues, Econjournals, vol. 5(2), pages 461-468.

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    More about this item

    Keywords

    e-payment system; mobile payments; financial exclusion; economic growth;
    All these keywords.

    JEL classification:

    • E0 - Macroeconomics and Monetary Economics - - General
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • O2 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy

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