The Development of Mobile Money Systems

Posted by ccarlon on Sep 20, 2011
Author: 
Flores-Roux, Ernesto and Judith Mariscal
Publication Type: 
Report/White paper
Publication Date: 
May 2010
Publisher/Journal: 
Proceedings of the 4th ACORN-REDECOM Conference Brasilia
Publication language: 
English
Abstract: 

In this paper we argue that mobile banking offers the opportunity to diminish the financial exclusion suffered by the poor by offering access to credit and to savings which are key tools capable of transforming the livelihoods of the poor as well as the efficiency of the market. However, mobile phones need a complete ecosystem that supports its application to a functioning mobile banking service.

 

The aim of this paper is to contribute to existing knowledge of mobile money across the value chain by providing insight into the mechanisms of m-money, the value propositions within the business of m-banking and what is preventing its swifter adoption and usage in the developed world. We develop a taxonomy of the key drivers of the business model which provides insights for assessing the replicability of these models in other countries. We focus on models developed in Kenya and the Philippines and explore what is lacking for a widespread adoption in Latin American countries, such as Mexico, in order to observe what is preventing the creation and usage of m-money models for the BoP.

Citation: 
Flores-Roux, Ernesto and Judith Mariscal, “The Development of Mobile Money Systems.” Proceedings of the 4th ACORN-REDECOM Conference Brasilia (2010): 304 - 319.
The Development of Mobile Money Systems data sheet 1449 Views
Author: 
Flores-Roux, Ernesto and Judith Mariscal
Publication Type: 
Report/White paper
Publication Date: 
May 2010
Publisher/Journal: 
Proceedings of the 4th ACORN-REDECOM Conference Brasilia
Publication language: 
English
Abstract: 

In this paper we argue that mobile banking offers the opportunity to diminish the financial exclusion suffered by the poor by offering access to credit and to savings which are key tools capable of transforming the livelihoods of the poor as well as the efficiency of the market. However, mobile phones need a complete ecosystem that supports its application to a functioning mobile banking service.

 

The aim of this paper is to contribute to existing knowledge of mobile money across the value chain by providing insight into the mechanisms of m-money, the value propositions within the business of m-banking and what is preventing its swifter adoption and usage in the developed world. We develop a taxonomy of the key drivers of the business model which provides insights for assessing the replicability of these models in other countries. We focus on models developed in Kenya and the Philippines and explore what is lacking for a widespread adoption in Latin American countries, such as Mexico, in order to observe what is preventing the creation and usage of m-money models for the BoP.

Citation: 
Flores-Roux, Ernesto and Judith Mariscal, “The Development of Mobile Money Systems.” Proceedings of the 4th ACORN-REDECOM Conference Brasilia (2010): 304 - 319.

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