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Developments in Mobile Technology and the Emergence of Mobile Money


Author(s) : Sunduzwayo Madise
Palgrave Macmillan Studies in Banking and Financial Institutions

Abstract


This chapter analyses the development of the mobile phone and how this has uniquely led to the success of the mobile money service in sub-Saharan Africa. It provides a brief overview of the development of the telephone and the challenges faced by the landline in sub-Saharan Africa. The chapter looks at how mobile network operators developed a revolutionary solution to the remittance dilemma facing most parts of sub-Saharan Africa by developing the mobile service, as an add-on service based on the small messaging service. Using the framework developed in Chapter 2, it analyses mobile money and airtime credit as emerging forms of money. The chapter also examines how the mobile money payment system interacts with the national payment system.


Original language en
Pages (from-to) 63-110
Publication status Published - 2019

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This research output contributes to the following United Nations (UN) Sustainable Development Goals (SDGs)

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10.1007/978-3-030-13831-8_3

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http://www.springer.com/tdm

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10.1007/978-3-030-13831-8_3

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UN SDGs

This research output contributes to the following United Nations (UN) Sustainable Development Goals (SDGs)

sdg

Access document

10.1007/978-3-030-13831-8_3

License

http://www.springer.com/tdm