MOBILE MONEY SYSTEM AS A TOOL OF FINANCIAL EMANCIPATION OF THE POOREST OF THE POOR IN DEVELOPMING COUNTRIESM

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ID: 48395
2014
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Abstract
This article uses an examination of M-PESA, a large-scale financial service in Kenya, that is accessible from ordinary mobile phones. It has seen exceptional success since its introduction by mobile phone operator Safaricom in Kenya in March 2007 - it has already been adopted by 17 million customers. In this article M-PESA’s market success is  interpreted in the context of fight against poverty in developing countries. An innovational tool that has been introduced by mobile platform removes barrier to financial inclusion of the poorest of the poor and links them with conventional bank sector. Once poor people have access to cost-effective electronic means of payments such as M-PESA, they could, in principle, be profitably marketable subjects by a range of financial institutions.
Reference Key
chmielewski2014mobileacta Use this key to autocite in the manuscript while using SciMatic Manuscript Manager or Thesis Manager
Authors Chmielewski, Piotr;
Journal acta universitatis lodziensis folia oeconomica
Year 2014
DOI
DOI not found
URL
https://czasopisma.uni.lodz.pl/foe/article/view/147
Keywords
neoplasms. tumors. oncology. including cancer and carcinogens diseases of the respiratory system finance electronic computers. computer science law in general. comparative and uniform law. jurisprudence marketing. distribution of products

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