Unlocking Financial Inclusion: Mobile Tech Boosts Access to Money Services
The study looked at how improving mobile technology in developing countries affects mobile money innovations for financial inclusion. They found that certain levels of mobile subscriptions, network coverage, and telecom regulations are needed for mobile money accounts and transactions to increase. For example, having a high number of mobile subscriptions and good network coverage are important for using mobile phones to send and receive money. The study suggests that specific policies are needed to support mobile money innovations at these critical levels.