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Does Mobile Money Affect Saving Behaviour? Evidence from a Developing Country

Author

Listed:
  • Serge Ky
  • Clovis Rugemintwari

    (UNILIM - Université de Limoges, LAPE - Laboratoire d'Analyse et de Prospective Economique - GIO - Gouvernance des Institutions et des Organisations - UNILIM - Université de Limoges)

  • Alain Sauviat

    (UNILIM - Université de Limoges, LAPE - Laboratoire d'Analyse et de Prospective Economique - GIO - Gouvernance des Institutions et des Organisations - UNILIM - Université de Limoges)

Abstract

We investigate whether the use of mobile money can help individuals build savings to face predictable and unpredictable life events. Studying the case of Burkina Faso, we use hand-collected data from individual responses to a survey we designed and conducted between May and June 2014. Our main results show that, although it is not possible to detect any correlation between using mobile money and saving for predictable events, it seems to increase the propensity of individuals to save for health emergencies. We also found robust evidence suggestive that using mobile money increases the propensity of disadvantaged groups such as rural, female, less educated individuals and individuals with irregular income to save for health emergencies. In our further investigations, we address the mechanisms underlying individual saving behaviour. We found that safety and the possibility to transfer money within the sub-region associated with mobile money may be factors that increase the propensity of mobile money users to save for health emergencies. Overall, our results are in line with policymakers' agenda worldwide to increase financial outreach and improve financial inclusion by using mobile technologies.

Suggested Citation

  • Serge Ky & Clovis Rugemintwari & Alain Sauviat, 2018. "Does Mobile Money Affect Saving Behaviour? Evidence from a Developing Country," Post-Print hal-04881140, HAL.
    • Handle: RePEc:hal:journl:hal-04881140
    DOI: 10.1093/jafeco/ejx028
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    Cited by:

    1. Aurazo, Jose & Gasmi, Farid, 2024. "Digital payment systems in emerging economies: Lessons from Kenya, India, Brazil, and Peru," Information Economics and Policy, Elsevier, vol. 69(C).
    2. Carlos Rodríguez-Castelán & Denisse Pierola, 2022. "Determinants and Welfare Impacts of Mobile Internet Adoption in African Countries," World Bank Publications - Reports 38007, The World Bank Group.
    3. Kouandou, Arouna & Zeh, Inès Pérolde, 2024. "Insuring consumption against Shocks: The role of informal savings in Nigeria," Food Policy, Elsevier, vol. 129(C).

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