Mobile Payment in Emerging Markets
IEEE IT Professional, Vol. 14, No. 4, pp. 9-14, July-August 2012
9 Pages Posted: 11 Nov 2012
Date Written: November 10, 2012
Mobile payment, which refers to a payment service conducted via mobile devices, has been a key driver of socio-economic development in emerging markets. Factors such as advancement in technology, socioeconomic conditions and high penetration of mobile devices have driven m-payment development in some emerging markets. This paper explores the key enablers and barriers to the development of mobile payment ecosystem in emerging markets.
Keywords: mobile payment, emerging markets, M-Pesa, Kenya, socio-economic development
JEL Classification: O33
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