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Mobile money services development : the cases of the Republic of Korea and Uganda

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Listed:
  • Gutierrez, Eva
  • Choi, Tony

Abstract

This study intends to increase understanding of how different types of mobile money services have developed in different environments. For this purpose, two countries were selected, the Republic of Korea and Uganda. From these study cases, some conclusions emerge. The development of mobile banking services can appear at different stages of financial sector development, but it requires a vibrant and competitive telecommunications sector. The regulatory environment does not need to be very sophisticated for the mobile industry to emerge. However, some elements appear to be important. The legal framework should allow (or at least not explicitly forbid) nonbank financial institutions to issue money and use banking agents or correspondents. To ensure wider use of the service by the population, it is important to educate the population on the benefits of mobile money services.

Suggested Citation

  • Gutierrez, Eva & Choi, Tony, 2014. "Mobile money services development : the cases of the Republic of Korea and Uganda," Policy Research Working Paper Series 6786, The World Bank.
    • Handle: RePEc:wbk:wbrwps:6786
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    References listed on IDEAS

    as
    1. David Porteous, 2009. "Mobilizing Money through Enabling Regulation," Innovations: Technology, Governance, Globalization, MIT Press, vol. 4(1), pages 75-90, January.
    2. repec:wbk:wbpubs:11846 is not listed on IDEAS
    3. repec:wbk:wbpubs:11845 is not listed on IDEAS
    4. repec:wbk:wbpubs:2378 is not listed on IDEAS
    5. repec:wbk:wbpubs:11844 is not listed on IDEAS
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    Citations

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    Cited by:

    1. Michael Kodom, 2019. "Financial Inclusion via Mobile Money Services in Ghana: Drivers and the Role of Regulation," Miscellaneous Publications 355516, University of Ghana, Institute of Statistical Social & Economic Research (ISSER).
    2. Lashitew, Addisu A. & van Tulder, Rob & Liasse, Yann, 2019. "Mobile phones for financial inclusion: What explains the diffusion of mobile money innovations?," Research Policy, Elsevier, vol. 48(5), pages 1201-1215.
    3. Conrad Murendo & Meike Wollni & Alan De Brauw & Nicholas Mugabi, 2018. "Social Network Effects on Mobile Money Adoption in Uganda," Journal of Development Studies, Taylor & Francis Journals, vol. 54(2), pages 327-342, February.
    4. Josephat Lotto, 2018. "Examination of the Status of Financial Inclusion and Its Determinants in Tanzania," Sustainability, MDPI, vol. 10(8), pages 1-15, August.

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