The Impact of the Mobile Money on People’s Use of Financial Services in Sub-Sahara Africa

This paper details the impact of mobile money financial technology on financial inclusion in Sub-Saharan Africa. The research methodology used was descriptive research design with the use of secondary information sources to collect panel data. The research model had Financial Technology as the indep...

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Bibliographic Details
Published in:	Management dynamics in the knowledge economy 2021-03, Vol.9 (1), p.137-146
Main Author:	Nyimbiri, Bydon Austin
Format:	Article
Language:	eng
Subjects:	Analysis ATM automated teller machine Automated teller machines Automation Bank accounts Bank technology Banking industry Business Economy / Management Financial inclusion Financial Markets Financial services Financial services industry financial technology GDP Gross Domestic Product ICT Information and Communications Technologies Information sources International finance Mobile commerce mobile money Rural areas Securities markets Social networks Sub-Sahara Africa Technological change
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Summary:	This paper details the impact of mobile money financial technology on financial inclusion in Sub-Saharan Africa. The research methodology used was descriptive research design with the use of secondary information sources to collect panel data. The research model had Financial Technology as the independent variable and the dependent variable was Financial Inclusion. The analysis of data was done using Stata 15. From the interpretation of the findings using the panel data on the 14 selected Sub-Saharan countries, it was found that the increase in the number of registered mobile money agents per 100,000 adults led to an increase in the total number of people using the financial services per 100,000 adults in Sub-Sahara Africa. Furthermore, the relationship between the registered mobile money agents per 100,000 adults and the total number of people using financial services was proven to be significant at a 5% level of significance.
ISSN:	2392-8042 2286-2668 2392-8042