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Please distribute the following Call For Chapters link throughout your subscribers of the Academy of International Business at Michigan State University for the upcoming book, : "Impact of Mobile Payment Applications and Transfers on Business." 

Additional information 


Thaisaiyi, Zephania Opati 
Riara University, Nairobi-Kenya 

Gachukia, Martin Kang’ethe 
Riara University, Nairobi-Kenya

Call for Chapters

Proposals Submission Deadline: April 9, 2019
Full Chapters Due: June 20, 2019
Submission Date: March 9, 2019


Since M-PESA, the first African mobile money platform, was launched by Safaricom in Kenya in 2007, the growth of mobile money transfer has adopted a quantum leap in growth in certain developing countries. For instance 96 percent of households currently outside Nairobi [Kenya] have at least one M-PESA account (Logan 2017). This adoption is significant and is currently changing and upsetting the financial landscape of these nations where the mobile money transfer (MMT) has been adopted. 
Agrawal, (2009) defines mobile money transfer as the use of a mobile phone in order to transfer funds between banks or accounts, deposit or withdraw funds, or pay bills or use of a mobile device to purchase items, whether physical or electronic. Consequently Orozco et al., (2003) illuminates that MMT service is an aspect of a broader concept emerging in the electronic payment and banking industry referred to as Mobile banking. 
Undeniably the double-digit growth of MMT in Africa has been credited to the progression of the platform beyond peer-to-peer mobile payments to include paying for shopping, utility bills such as school fees, water, rent and electricity, receiving dividends, and diaspora remittances. This trend has led Logan (2017) to admit that the impact of MMT to poverty reduction a definite result of improved financial behavior – by facilitating easier transactions and safer savings – and changes in the occupational choice of users. This trend has forced corporates to adopt mobile money linkages and transactions to maintain their market share heavily due to consumer convenience posed by MMTs. For instance Kenya Power a power utility company in Kenya estimates that 80 per cent of the utility’s 654,953 pre-paid customers buy electricity tokens through mobile money platforms. Kenya Airways, the Kenyan national carrier has adopted mobile money payments now make up one per cent of total air ticket sales in 2015 .Without a doubt the as the World Bank (2009) notes the primary function of MMT services has been to reduce the costs of making payments from one individual to another, especially across large distances . 
Adam and Walker (2015) then explains that as a result mobile money tends to increase the macroeconomic stability of the countries contrary to popular expectations that it would destabilise the conduct of monetary policy in those countries. For instance M-PESA as part of economic expansion and customer convenience the transaction costs in Kenya has significantly reduced for instance , during its launch the average distance to the nearest bank was 9.2 kilometres, eight years later in 2015 the average distance to the nearest M-PESA agent was a mere 1.4 kilometers (Logan 2017). Nampewo and Opolot (2016) as a result believed that the mobile money transfers tends to increase the velocity of money in circulation because it cuts the transactions and time costs of making retail payment prompting efficiency of transactions desired by customers . Ideally apart from the peer-to-peer transfer service, mobile money is becoming the fuel for a growing number of transaction solutions across the payment chain including person-to-business and business-to-business payments. 
MMTs triumphs in Africa have been tried and tested and they are being replicated around the world. Pulver, (2009) further explains that a recent inventory by the social venture credit SMS suggests that that there are at least 23 distinct MMT, operating or pending in 20 countries following the success of MPESA. These places include Greenfield deployment in Indonesia launched in 2009 and the SMART Communications’ Island Activations Program in the Philippines. M-PESA like infrastructure was even adopted by the leading Afghan mobile network operator, Roshan, anticipate building an M-PESA-like infrastructure in Afghanistan by end of 2010. As result Logan (2017) is quick to explain that now that mobile money users are able to form more diverse risk-sharing networks, it's not surprising that users, compared with non-users, tend to receive more remittances from more people. This is particularly marked when users are responding to negative shocks. Kamukama and Tumwine (2012) then concludes that the proliferation of mobile payments may disadvantage commercial banks by weakening their liquidity positions while Nampewo et al., (2016), highlighted the role of mobile money in credit creation has been studied by who highlight the crucial role of savings and deposit mobilisation. 
In summary Mobile money users are therefore more financially resilient and can protect themselves better against economic and other shocks. It also allows them to increase their consumption in bad times. Logan (2017) confesses that this is the key in enabling households to lift themselves out of extreme poverty. Moreover, mobile money will obviously increase the velocity of money in circulation because it reduces the transactions and time costs of making retail payments. Undeniably, innovations in the financial sector, including mobile money, have been shown to have statistically significant positive long-run effects on money velocity in Uganda (Nampewo and Opolot 2016). That mobile money has a positive impact on economic outcomes for women is particularly notable when seen against some historical studies on related subjects. It is this light that we seek to explore the impact of the mobile money transfer and its impact in social, corporate, micro and macro policies concerning the aggregate economy and individual households as a whole within an economy. 
1. Adam, C. and Walker, S.E.J. (2015), “Mobile Money and Monetary Policy in East African Countries”, University of Oxford. Oxford: United Kingdom (PDF) Macroeconomic Effects of Mobile Money in Uganda. Available from: [accessed Dec 31 2018]. (PDF) Macroeconomic Effects of Mobile Money in Uganda. 
2. Central Bank of Kenya (CBK), (2010). Bank Supervision Annual Report. Prepared by the Central Bank of Kenya; Available on the Internet at: 
3. Chris Skinner Digital Bank: Strategies to launch or become a digital bank (Author) Publisher: Marshall Cavendish International (Asia) Pte Ltd (May 15, 2014) 
4. Nyasimi Esther W. Effects Of Mobile Money Transfer Services On Economic Growth In Kenya By A Dissertation Submitted In Partial Fulfillment Of The Requirements For The Degree Of Master Of Science In Commerce (Finance And Investment) In The School Of Business And Public Management At KCA University April 2016 
5. Fintech in a Flash: Financial Technology Made Easy (2018 edition) Kindle Edition by Agustin Rubini (Author) File Size: 4801 KB Print Length: 302 pages Page Numbers Source ISBN: 154516553X Publisher: Banking Innovations; 2 edition (April 20, 2017). 
6. Impact Of Mobile Money On The Payment System In Ghana: An Econometric Analysis August, 2017 available at 
7. Kamukama, N. and Tumwine, S. (2012), “Mobile money services: a liquidity threat to Uganda’s commercial banks”, African Journal of Accounting, Economics, Finance and Banking Research, 8(8): 33 – 46. 
8. Kofi Frimpong, Adasa Nkrumah (2014) Mobile Commerce: Mobile Money Transfer in Ghana University of Applied Sciences and Arts Northwestern Switzerland, School of Business Master of Science in Business Information Systems. University Of Camerino, Italy School of Science and Technology Master of Science in Computer Science available at 
9. Mobile cash transfers hit record Sh2.8trn on bill payments growth Thursday, February 25, 2016 
10. Mobile Commerce: Mobile Money Transfer In Ghana (Customers’ Perspective) Adasa Nkrumah Kofi Frimpong Christ Apostolic University College, Ghana [log in to unmask] Samuel Adu Gyamfi Department of Information Technology Education, University of Education, Ghana Available at 
11. Mobile Money Services - Design and Development for Financial Inclusion Rajiv Lal Ishan Sachdev H Working papers are in draft form. 
12. Mobile phone banking: Usage experiences in Kenya By Adrian D Kamotho Njenga Lecturer of Information Systems, Catholic University of Eastern Africa E-Mail: [log in to unmask], [log in to unmask] 
13. Money, Real Quick: Kenya's Disruptive Mobile Money Innovation Paperback – November 27, 2012 by Nicholas P Sullivan (Author), Tonny K Omwansa (Author). 
14. Nampewo, D., and Opolot, (2016), “Financial Innovations and Money Velocity in Uganda”, African Development Review: 28(4): 371 – 382 
15. Nampewo, D., Tinyinondi, G.A., Kawooya. D.R. and Ssonko, G.W. (2016), “Determinants of private sector credit in Uganda: the role of mobile money”, Financial Innovation, 2(13):1-1-16 
16. Relationship Between Mobile Money Transfer And Financial Inclusion In Kenya By Murega Joseph Mwenda (2013) available at 
17. Silvance O. Abeka Challenges Facing the Use and Adoption of Mobile Phone Money Services• January 2016 file:///C:/Users/ZOpati/Downloads/WJCAT2-13706369.pdf 
18. The Digital Money Game: Competing in the multi-trillion dollar payments industry (The Digital Money Series Book 1) Kindle Edition by Charmaine Oak (Author) 
19. The End of Banking: Money, Credit, And the Digital Revolution Kindle Edition by Jonathan McMillan (Author). File Size: 5104 KB Print Length: 248 pages Publisher: Zero/One Economics; 1 edition (April 20, 2015) 
20. The FINTECH Book: The Financial Technology Handbook for Investors, Entrepreneurs and Visionaries Kindle Edition by Susanne Chishti (Author), Janos Barberis (Author),,. 
21. The Relationship between Mobile Money Transfers and Economic Growth in Kenya By: Adano Duba Habane 
22. The World of Digital Payments: Practical Course (FinTech) Kindle Edition by Pavlo Sidelov (Author) Be the first to review this item Print Length: 473 pages Publication Date: April 30, 2018 Sold by: Amazon Digital Services LLC.


This proposed book seeks to cover the impact, innovations, business to business transformations, regulatory framework, challenges and ethical issues surrounding Mobile Money Transfers (MMT) around the world.

Target Audience

The primary target audience for this book is scholars, practitioners in the fields of management, finance, economics, commerce and leadership who require knowledge and trends surrounding mobile money transfer. The secondary target audience is graduate students of management, finance, economics, commerce and leadership.

Recommended Topics

  • The effect of Mobile money transfer on Women
  • Adoption challenges of mobile money transfer
  • Challenges of Mobile money Transfer
  • Regulation of Mobile money
  • Mobile Money Services - Design and Development for Financial Inclusion
  • Influence of Mobile Money transfer of bank and financial institution
  • Mobile money, frugal innovations
  • Mobile Money Transfer, diaspora money remittances
  • Impression of Mobile money transfer on households and personal finance management
  • Impact of Mobile money transfer on households
  • Effect of Mobile Money transfer of SMEs
  • Effect of Mobile Money transfer of corporate
  • Ethical issues surrounding Mobile money Transfer

Submission Procedure

Researchers and practitioners are invited to submit on or before August 30, 2018, a chapter proposal of 1,000 to 2,000 words clearly explaining the mission and concerns of his or her proposed chapter. Full chapters are expected to be submitted by September 15, 2018, and all interested authors must consult the guidelines for manuscript submissions at prior to submission. All submitted chapters will be reviewed on a double-blind review basis. Contributors may also be requested to serve as reviewers for this project. 
Note: There are no submission or acceptance fees for manuscripts submitted to this book publication, Managerial Strategies for Navigating Economic Nationalism. All manuscripts are accepted based on a double-blind peer review editorial process. 
All proposals should be submitted through the E-Editorial DiscoveryTM online submission manager



This book is scheduled to be published by IGI Global (formerly Idea Group Inc.), publisher of the "Information Science Reference" (formerly Idea Group Reference), "Medical Information Science Reference," "Business Science Reference," and "Engineering Science Reference" imprints. For additional information regarding the publisher, please visit This publication is anticipated to be released in 2020.

Important Dates

1st proposal submission deadline Apr 7, 2019 
Chapters  submission deadline May 7, 2019 
Full chapter submission Jun 20, 2019 

Thaisaiyi Zephania Opati,
Head of Department,
School of Business,
Riara University,

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