ICT for financial access: Mobile money and the financial behavior of rural households in Uganda

By Tomoya Matsumoto (PhD)

Mobile money usage has expanded tremendously in Uganda, reaching over 40% of the adult population within 8 years of inception. We use data from 820 rural households to examine the effect of this financial innovation on their financial behavior. We find that using mobile money services increases the likelihood of saving, borrowing, and receiving remittances.

Leave a Reply

Your email address will not be published. Required fields are marked *