The role of mobile characteristics on mobile money innovations

The Role of Mobile Money Innovations in the Effect of Inequality on Poverty and Severity of Poverty in Sub-Saharan Africa

“…Consistent with Asongu and Odhiambo (2023), the findings can be further discussed in relation to the attendant literature with respect to below and above the computed policy thresholds. Below the mobile money policy thresholds, the findings are consistent with a strand of literature, documenting the insignificance and/or unfavorable incidence of mobile money innovations and financial technologies on inclusive development, notably, some of the financially excluded not leveraging on financial technologies to improve their socio-economic conditions (Cheah et al, 2021;Chen et al, 2021;Molinier & Quan, 2019).…”

“…Conversely, the fact that above the mobile money innovation thresholds, mobile money is relevant in reducing the positive incidence of inequality on poverty, is consistent with another strand of literature on the importance of financial technologies in inclusive development (Asongu & Odhiambo, 2023;Yeyouomo et al, 2023), notably: Suri and Jack (2016) who have shown that financial technologies reduce household poverty as well as corresponding literature on the importance of financial technologies in reducing socio-economic exclusion (Loko & Yang, 2022;Moufakkir & Mohammed, 2020;Sahay et al, 2020;Sioson & Kim, 2019;Yeyouomo et al, 2023).…”

Digital Financial Inclusion, Digital Financial Services Tax and Financial Inclusion in the Fourth Industrial Revolution Era in Africa

“…These arguments were also affirmed by Koomson et al (2022) who pointed to the positive impact of mobile money on the development and expansion of entrepreneurship, by Asongu and Odhiambo (2018) who alluded to mobile money being a driver of inclusive growth in Africa, and by Baganzi (2018) who stated that mobile money helps the fulfilment of SDGs in Uganda by contributing to reductions in inequalities and poverty. Adaba, Ayoung and Abott (Adaba et al 2019) and Asongu and Odhiambo (2022) contended that mobile money innovations and activities contribute to the well-being of citizens.…”