Mobile Money Use: The Impact of Macroeconomic Policy and Regulation

Abstract

This paper examines the effects of macroeconomic policy and regulatory environment on mobile money usage. Specifically, we develop an autoregressive distributed lag model to investigate the effect of key macroeconomic variables and mobile money tax on mobile money usage in Uganda. Using monthly data spanning the period March 2009 to September 2020, we find that in the short run, mobile money usage is positively affected by inflation while financial innovation, exchange rate, interest rates and mobile money tax negatively affect mobile money usage in Uganda. In the long run, mobile money usage is positively affected by economic activity, inflation and the COVID-19 pandemic crisis while mobile money customer balances, interest rate, exchange rate, financial innovation and mobile money tax negatively affect mobile money usage.

How Government Size Expansion Can Affect Green Innovation—An Empirical Analysis of Data on Cross-Country Green Patent Filings

“…Exchange rate (Xr): As one of the main external environmental factors for green innovation, exchange rate fluctuations can change relative prices and competition in the international market [ 64 ]. This can encourage enterprises to reduce the cost of importing intermediate goods through technological upgrading, changing original production methods, and accelerating new product R&D, in turn affecting the level of technological innovation in a country [ 65 ]. As such, we used the natural logarithm of the exchange rate (domestic currency/USD) as the main external factor of green innovation.…”

Security in Next Generation Mobile Payment Systems: A Comprehensive Survey

“…A. ATTACKS AGAINST PRIVACY [74] Defined privacy as the right of users to have freedom from intrusions and infringements by other users. In mobile money, privacy attacks include the compromised PINs of the users for illegal access to their financial assets and information details utilized in unauthorized transactions.…”

“…In mobile money, privacy attacks include the compromised PINs of the users for illegal access to their financial assets and information details utilized in unauthorized transactions. Stealing of user information can result in a problematic situation for not only the user but also for the economy as well [74]. Illegal access to the mobile money database containing the financial information of users can allow attackers to update or delete records using the stolen PINs.…”

“…Illegal access to the mobile money database containing the financial information of users can allow attackers to update or delete records using the stolen PINs. Moreover, a variety of user-related information can be stolen when an attacker gets access to mobile money database [74]. Personal information such as email addresses, mobile telephone numbers, NIN, and even names of users and agents can be compromised, failing privacy safeguards [74].…”

“…Moreover, a variety of user-related information can be stolen when an attacker gets access to mobile money database [74]. Personal information such as email addresses, mobile telephone numbers, NIN, and even names of users and agents can be compromised, failing privacy safeguards [74]. Unscrupulous insiders may end up abusing highly sensitive data after gaining control and access in this way.…”