Mobile phone penetration, mobile banking and inclusive development in africa

S. A. Asongu, Jacinta C. Nwachukwu

Research output: Contribution to journalArticlepeer-review

22 Citations (Scopus)


The study assesses the role of mobile phones and mobile banking in decreasing inequality in 52 African countries. The empirical procedure involves first, examining the income-redistributive effect of mobile phone penetration and then investigating the contribution of mobile banking services in this relationship. The findings suggest an equalizing income-redistributive effect of ‘mobile phone penetration’ and ‘mobile banking’, with a higher income-equalizing effect from mobile banking compared to mobile phone penetration. Poverty alleviation channels explaining this difference in inequality mitigating propensity are discussed.
Original languageEnglish
Pages (from-to)34-52
JournalAfrican Finance Journal
Issue number1
Publication statusPublished - Jan 2016

Bibliographical note

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  • Africa
  • Banking
  • Financial development
  • Mobile phones
  • Shadow economy


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