Additional information
Editors
Thaisaiyi, Zephania
Opati
Riara University, Nairobi-Kenya
Gachukia, Martin Kang’ethe
Riara University, Nairobi-Kenya
Call for Chapters
1st proposal
submission deadline June 17, 2019
Chapters submission deadline July 27 2019
Full chapter submission August 30, 2019
Introduction
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 destabilize 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 kilometers,
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 mobilization.
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.
References
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: https://www.researchgate.net/publication/318393870_Macroeconomic_Effects_of_Mobile_Money_in_Uganda [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: http://www.centralbank.go.ke
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 https://www.bog.gov.gh/privatecontent/Public_Notices/Impact%20of%20Mobile%20Money%20on%20the%20Payment%20Systems%20in%20Ghana.pdf
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 https://irf.fhnw.ch/bitstream/handle/11654/25532/93365-adasa-nkrumah-kofi_431282_assignsubmission_file_kofi-frimpong-adasa-nkrumah_2013_mobile-commerce-mobile-money-transfer-in-ghana.pdf?sequence=1
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 ww.toknowpress.net/ISBN/978-961-6914-16-1/papers/ML16-205.pd
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] https://www.w3.org/2008/10/MW4D_WS/papers/njenga.pdf
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 http://erepository.uonbi.ac.ke/bitstream/handle/11295/59322/Murega_Relationship%20Between%20Mobile%20Money%20Transfer%20And%20Financial%20Inclusion%20In%20Kenya.pdf?sequence=3
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) review this Print Length: 473 pages Publication Date:
April 30, 2018 Sold by: Amazon Digital Services LLC.
Objective
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 June 17th 2019, 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 http://www.igi-global.com/publish/contributor-resources/before-you-write/ 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
Publisher
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 www.igi-global.com. This publication is anticipated to be released in 2020.
Important Dates
1st proposal
submission deadline June 17, 2019
Chapters submission deadline July 27 2019
Full chapter submission August 30, 2019
Inquiries
[log in to unmask]
[log in to unmask]
Propose a chapter for this book https://www.igi-global.com/publish/call-for-papers/call-details/3904
Thaisaiyi Zephania Opati,
Head of Department,
School of Business,
Riara University,
Kenya