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dc.contributor.authorMbiti, Isaacen_US
dc.contributor.authorWeil, David N.en_US
dc.date.accessioned2011-09-19en_US
dc.date.accessioned2012-09-17T11:32:04Z-
dc.date.available2012-09-17T11:32:04Z-
dc.date.issued2011en_US
dc.identifier.urihttp://hdl.handle.net/10419/62662-
dc.description.abstractM-Pesa is a mobile phone based money transfer system in Kenya which grew at a blistering pace following its inception in 2007. We examine how M-Pesa is used as well as its economic impacts. Analyzing data from two waves of individual data on financial access in Kenya, we find that increased use of M-Pesa lowers the propensity of people to use informal savings mechanisms such as ROSCAS, but raises the probability of their being banked. Using aggregate data, we calculate the velocity of M-Pesa at between 11.0 and 14.6 person-to-person transfers per month. In addition, we find that M-Pesa causes decreases in the prices of competing money transfer services such as Western Union. While we find little evidence that people use their M-Pesa accounts as a place to store wealth, our results suggest that M-Pesa improves individual outcomes by promoting banking and increasing transfers.en_US
dc.language.isoengen_US
dc.publisherBrown Univ., Dep. of Economics Providence, RIen_US
dc.relation.ispartofseriesWorking Paper, Brown University, Department of Economics 2011-13en_US
dc.relation.ispartofseriesNBER Working Paper Series 17129en_US
dc.subject.jelE40en_US
dc.subject.jelO16en_US
dc.subject.jelO33en_US
dc.subject.ddc330en_US
dc.titleMobile banking: The impact of M-Pesa in Kenyaen_US
dc.typeWorking Paperen_US
dc.identifier.ppn668481188en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:Working Papers, Department of Economics, Brown University

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