Mobile money transfer services: The next phase in the evolution of person-to-person payments
By Cynthia Merritt. Journal of Payments Strategy & Systems, 2011
119 citations recorded by the source corpus.
Money transfer schemes have evolved to the next generation of electronic payments — the mobile channel. Money transfer services for both domestic and international remittances are shifting from traditional providers to wireless carriers who are able to compete for consumer market share on the basis of technological ubiquity and lower-cost services. This paper reviews developments in mobile money transfers, the emerging ecosystem, and its participants and business models. It also examines the implications of payment systems roaming across geographic borders with their respective legal and regulatory jurisdictions, as well as the emergence of mobile airtime as an alternative currency. The risk environment for mobile money is examined in the context of both developed and emerging countries and in light of the participation of banks and non-bank telecom firms.
Subfields: Management Information Systems, Media Technology, Strategy and Management
View Paper: https://www.semanticscholar.org/paper/e0ce473746b587bed45c77ccc9a55a1a868c14a0
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Citations in the corpus
- Mobile Money and Financial Inclusion in Sub-Saharan Africa: the Moderating Role of Social Networks (2018, background): “…Qaim (2014), Jack and Suri (2014), Mbiti and Weil (2011), Aker, Boumnijel, McClelland, and Tierney (2011), Maurer (2008), Jonathan & Camilo (2008), Merritt (2010), Thacker andWright (2012), Johnson and Nino-Zarazua (2011) reveal that mobile money usage can promote access to and use of financial…”
- Digital Finance and FinTech: current research and future research directions (2017, unknown): “Such developments are especially interesting for less developed countries because mobile banking is a promising and feasible alternative to non-reliable bank structures (Contini et al. 2011; Merritt 2010).”