AMMREC is a multi-disciplinary research initiative at the School of Computing and Informatics in the University of Nairobi. Working with partners, AMMREC contributes to the growth of the Mobile Money(MM)ecosystem through research that informs policy.

Mobile Money in Africa

The uptake of mobile money (MM) especially in developing countries has been tremendous. The impact of the uptake has equally been felt including increasing financial inclusion and changing people's lives. There is need to explore ways to further increase the scale and sophistication of MM. evaluating adoption; impact and design of various MM applications needs a solid research foundation. The total value of mobile money transfers in Africa is set to exceed a whopping US$200 by the year 2015, which shows that there is enormous potential in the continent. However, the majority of people in many developing countries still lack access to basic financial services despite vigorous attempts by financial institutions through various initiatives to reach them. There is need for in-depth research to come up with working strategies on ways of extending the mobile money ecosystem to cover a larger percentage of the population in such countries.

The success of M-Pesa in Kenya has demonstrated that mobile financial services can benefit mobile operators and can provide benefits to the ecosystem, including banks, the distribution network, merchants, and companies. Proper implementation of mobile money banking in Africa will empower millions of people while at the same time providing great opportunities for many organizations.



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