Does mobile money contribute to reducing multidimensional poverty?

Djahini-Afawoubo, Dossè Mawussi; Couchoro, Mawuli Kodjovi; Atchi, Fambari Kokou

doi:10.1016/j.techfore.2022.122194

Cited by 17 publications

(7 citation statements)

References 43 publications

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“…The results further support the finding in Table 2, suggesting that the new transaction method of mobile payment brings opportunities to improve the welfare of vulnerable groups and help eliminate welfare inequality. The conclusion is also consistent with a growing body of literature underscoring the role of information technology in reducing poverty and inequality [120][121][122]. However, our study shows that mobile payment can promote online consumption, but it does not lead to an increase in individuals' SWB.…”

Section: Conclusion and Discussionsupporting

confidence: 91%

Digital Wallet, Happy Heart: An Analysis Based on the Economic–Social–Environmental Perspective

Gong,

Zhang,

Zhang

2024

JTAER

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While the prior mobile payment−subjective well-being (SWB) literature has mainly discussed its economic and social impacts, the present study supplements this body of research by introducing an economic–social–environmental perspective. Using two waves of representative Chinese national surveys, the instrumental variable (IV) estimator suggests that mobile payment is positively and statistically significantly correlated with SWB. Furthermore, the results reveal that the positive correlation comes from the compound influence of economic, social, and environmental channels. Specifically, it shows that mobile payment not only affects people’s economic and social performance but also mitigates the adverse effects of poor environmental conditions on SWB. Additionally, a further disaggregated analysis shows that mobile payment exerts a stronger positive influence on SWB for people from underdeveloped areas within the economic–social–environmental framework. These findings shed light on the role of financial technology in facilitating sustainable development.

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Section: Conclusion and Discussionsupporting

confidence: 91%

Digital Wallet, Happy Heart: An Analysis Based on the Economic–Social–Environmental Perspective

Gong,

Zhang,

Zhang

2024

JTAER

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“…The results show that the multidimensional poverty index is 15 times higher for individuals whose household heads have a primary education compared to individuals whose household heads have a university education. These results also corroborate those of the existing literature(Agbodji et al, 2015;Djahini-Afawoubo and Couchoro, 2020;Eshetu et al, 2022).…”

supporting

confidence: 92%

Impact of social protection on multidimensional poverty in Togo

DJAHINI-AFAWOUBO,

EVLO,

DJAHINI

2023

Preprint

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This article first estimates the multidimensional poverty index using data from the Harmonized Survey of Household Living Conditions, conducted in 2018–2019 in Togo. Then, the paper examines the impact of social protection on multidimensional poverty. To account for selection biases, this paper employs the conditional mixed process, built from the seemingly unrelated regression framework. The findings show significant inequalities in the multidimensional poverty rate depending on the geographical zone, the education of the head of household, age, and the region. In particular, the level of multidimensional poverty is more than five times higher in rural areas than in urban areas. Using a variety of social protection indicators, the results clearly show that social protection significantly and statistically reduces the likelihood of being multi-dimensionally poor. The results also suggest that rural residents and economically disadvantaged regions are statistically and significantly more likely to be poor. There is no statistically significant impact of gender on multidimensional poverty.

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“…(2023) and Dzandu et al . (2022) collected data from mobile money users in Ghana; Djahini-Afawoubo et al. , 2023 collected from customers from Togo; while Mogaji and Nguyen (2022b) interviewed financially vulnerable customers in Nigeria.…”

Section: Discussionmentioning

confidence: 99%

The dark side of FinTech in financial services: a qualitative enquiry into FinTech developers’ perspective

Sampat

Mogaji

Nguyen

2023

IJBM

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Purpose FinTech offers numerous prospects for significant enhancements and fundamental changes in financial services. However, along with the myriad of benefits, it also has the potential to induce risks to individuals, organisations and society. This study focuses on understanding FinTech developers’ perspective of the dark side of FinTech.Design/methodology/approach This study conducted semi-structured interviews with 23 Nigerian FinTech developers using an exploratory, inductive methodology The data were transcribed and then thematically analysed using NVivo.Findings Three themes – customer vulnerability, technical inability and regulatory irresponsibility – arose from the thematic analysis. The poor existing technological infrastructure, data management challenges, limited access to data and smartphone adoption pose challenges to a speedy integration of FinTech in the country, making customers vulnerable. The lack of privacy control leads to ethical issues. The lack of skilled developers and the brain drain of good developers present additional obstacles to the development of FinTech in Nigeria.Research limitations/implications FinTech operation in a developing country differs from that in developed countries with better technological infrastructure and institutional acceptance. This study recognises that basic banking operations through FinTech are still not well adopted, necessitating the need to be more open-minded about the global practicalities of FinTech.Practical implications FinTech managers, banks and policymakers can ethically collect consumer data that can help influence customer credit decisions, product development and recommendations using the mobile app and transaction history. There should be strict penalties on FinTech for selling customers’ data, sending unsolicited messages or gaining unnecessary access to the customer’s contact list. FinTech can offer to educate consumers about their financial management skills.Originality/valueWhereas other studies have focused on the positive aspects of FinTech to understand client perceptions, this study offers new insights into the dark side of FinTech by analysing the viewpoints of FinTech developers. Furthermore, the study is based in Nigeria, an emerging economy adopting FinTech, adding a new dimension to the body of knowledge.

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Does mobile money contribute to reducing multidimensional poverty?

Cited by 17 publications

References 43 publications

Digital Wallet, Happy Heart: An Analysis Based on the Economic–Social–Environmental Perspective

Digital Wallet, Happy Heart: An Analysis Based on the Economic–Social–Environmental Perspective

Impact of social protection on multidimensional poverty in Togo

The dark side of FinTech in financial services: a qualitative enquiry into FinTech developers’ perspective

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