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Telecommunications regulation, mobile money innovations and financial inclusion

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  • Simplice Asongu

Abstract

Purpose - This study aims to assess how corporate telecommunication (telecom) policies follow telecom sector regulation in mobile money innovation for financial inclusion in developing countries. Design/methodology/approach - Telecom policies are understood in terms of mobile subscriptions, mobile connectivity coverage and mobile connectivity performance, whereas mobile money innovations represent mobile money accounts, the mobile used to send money and the mobile used to receive money. The empirical evidence is based on Tobit regressions. Findings - Telecom sector regulation positively influences mobile money innovations. From net influences, mobile subscriptions and connectivity policies moderate telecom sector regulation to positively influence mobile money innovations, exclusively within the remit of mobile money accounts because the corresponding net influences on the mobile used to send money and the mobile used to receive money are negative. The interactive influences are consistently negative, and hence, thresholds for complementary policies are provided to maintain the positive influence of telecom sector regulation on mobile money innovations. Originality/value - This study has complemented the extant literature by assessing how corporate telecommunication policies follow telecommunication sector regulation in mobile money innovations for financial inclusion.

Suggested Citation

  • Simplice Asongu, 2023. "Telecommunications regulation, mobile money innovations and financial inclusion," Journal of Financial Regulation and Compliance, Emerald Group Publishing Limited, vol. 31(4), pages 503-521, April.
    • Handle: RePEc:eme:jfrcpp:jfrc-01-2023-0003
    DOI: 10.1108/JFRC-01-2023-0003
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    More about this item

    Keywords

    Mobile money; Technology diffusion; Financial inclusion; Inclusive innovation; ; D10; D14; D31; D60; O30;
    All these keywords.

    JEL classification:

    • D10 - Microeconomics - - Household Behavior - - - General
    • D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance
    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • D60 - Microeconomics - - Welfare Economics - - - General
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General

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