Abstract

http://ssrn.com/abstract=2033816
 
 

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A Note on Macro-Financial Implications of Mobile Money Schemes


Michael U. Klein


Frankfurt School of Finance and Management

Ignacio Mas


Independent

March 1, 2012

Frankfurt School - Working Paper No. 188

Abstract:     
Across the world mobile money schemes are being launched. In such schemes financial service providers interact with clients via mobile phones or other mobile devices such as tablets. Service offerings include payments and saving as well as basic insurance products and sometimes credit based on scoring methods that use information about the client’s payment history. This note discusses several systemic issues that arise from mobile payment schemes: (i) the impact of “e-money” on money supply, (ii) problems posed by financial distress of mobile money schemes, and (iii) the impact of mobile money schemes on money-laundering and illicit finance.

Number of Pages in PDF File: 24

Keywords: mobile money, electronic money

JEL Classification: G21, G28

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Date posted: April 4, 2012 ; Last revised: December 26, 2012

Suggested Citation

Klein, Michael U. and Mas, Ignacio, A Note on Macro-Financial Implications of Mobile Money Schemes (March 1, 2012). Frankfurt School - Working Paper No. 188. Available at SSRN: http://ssrn.com/abstract=2033816

Contact Information

Michael U. Klein
Frankfurt School of Finance and Management ( email )
Frankfurt
Germany
Ignacio Mas (Contact Author)
Independent ( email )
No Address Available
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