Law, mobile money drivers and mobile money innovations in developing countries

ORCID Identifiers

0000-0001-5227-5135

Document Type

Article

Source of Publication

Technological Forecasting and Social Change

Publication Date

7-1-2021

Abstract

This study investigates how the rule of law (i.e. law) modulates demand- and supply-side drivers of mobile money to influence mobile money innovations (i.e. mobile money accounts, the mobile phone used to send money and the mobile phone used to receive money) in developing countries. The following findings from Tobit regressions are established. First, from the demand-side linkages, law modulates: (i) bank accounts and automated teller machine (ATM) penetration for negative interactive relationships with mobile money innovations and (ii) bank sector concentration for a positive interactive relationship with mobile money accounts. Second, from supply-side linkages, law interacts with: (i) mobile subscriptions for a negative relationship with the mobile phone used to send money; (ii) mobile connectivity coverage for a negative nexus on the mobile phone used to receive money and (iii) mobile connectivity performance for a negative influence on the mobile phone used to send/receive money. Policy implications are discussed in the light of enhancing the rule of law as well as improving mobile phone subscription, connectivity and performance dynamics.

ISSN

0040-1625

Publisher

Elsevier BV

Volume

168

Disciplines

Business

Keywords

Financial inclusion, Inclusive innovation, Mobile money, Technology diffusion

Scopus ID

85103959326

Indexed in Scopus

yes

Open Access

no

Link to Full Text

Share

COinS