TITLE

MOBILE MONEY FOR UNBANKED IN INDIA

AUTHOR(S)
Niyogi, Aditi; Niyogi, Syon
PUB. DATE
September 2012
SOURCE
International Journal of Finance & Policy Analysis;Autumn2012, Vol. 4 Issue 2, p26
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
In the last decade, mobile phone technology has emerged as the most potential and well-suited channel for financial inclusion. Use of mobile phone for inclusive finance is very popular in countries where most of the population is unbanked or under-banked. There are many challenges in adoption and successful implementation of mobile technology in rural areas. In this paper we have chosen to discuss M-PESA model, which has been successful in Kenya. The paper discussed M-PESA model and how it compares with the Mobile Phone banking in India. This paper tries to analyse the M-PESA solution in Kenya with the existing environment in India and discuss the potential of this solution with regard to India. The database of this study has been drawn from Reserve Bank of India and Department of Telecommunications from 1997 to 2011 for All-India.
ACCESSION #
89964561

 

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