File Details
An Analysis of the Impact of the Emergence of Mobile Money Transfer on the Cameroonian Economy - A Case Study of MTN Mobile Money (MTN MoMo) | |
File name | An Analysis of the Impact of the Emergence of Mobile Money Transfer on the Cameroonian Economy - A Case Study of MTN Mobile Money (MTN MoMo) |
File Description |
The study investigated
the impact of Mobile Money Transfers (MMTs) on the economic development of
Cameroon, with specific attention to Mobile Telephone Network Mobile Money (MTN
MoMo). Furthermore, the research was done in the small remote town of Obala,
33km from Yaounde. Data was collected using questionnaires and focus groups and
it was analysed with Statistical Package for Social Science (SPSS) version 16
plus. The study showed that Mobile Money Transfers are significant to the
development of the Cameroonian economy, due to its significant contribution to
economic development through creation of employment and financial inclusion. In
addition, MMTs are easily accessible in remote areas and easy to use when
paying and receiving tax. In short, this are the reasons why it has increased
the use of the electronic-wallet (e-wallet) money in Cameroon as well as
reducing the transaction costs and risk. The study therefore recommends that
the government should put in place regulations to deal with the Mobile Money
Transfer sector to ensure that the ‘customer's satisfaction' is safeguarded and at the same time guaranteeing the
viability of the sector. Furthermore, mobile network operators are encouraged
to improve ‘service quality' and ensure
that people do not have challenges in accessing their funds due to network
congestion and poor network connectivity (Continuous improvement). |
Category Name | Management Studies |
Subject Name | BUSINESS ECONOMICS |
Module Name | Basic Economic Principles |
Micro Category Name | Introduction - Basic Economic Principles |
Level | |
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