The Role Of Mobile Money In Moderating Financial Exclusion: A Tanzanian Experience

  • Deogratius Joseph Mhella University of Bristol UK
Keywords: Financial Inclusion, Financial Exclusion, Mobile Money, Moderation of Financial Ex-clusion, Tanzania, Deogratius Mhella, Banks and Digital Financial Services

Abstract

Prior to the advent of mobile money, the banking sector in most of the developing countries excluded certain segments of the population. The excluded populations were deemed as a risk to the banking sector. The banking sector did not work with cash stripped and financially disenfranchised people. Financial exclusion persisted to incredibly higher levels. Those excluded did not have bank accounts, savings in financial institutions, access to credit, loans, and insurance services. The advent of mobile money moderated the very factors of financial exclusion that the banks failed to resolve. This paper explains how mobile money moderates the factors of financial exclusion that the banks and microfinance institutions have always failed to moderate. The paper seeks to answer the following research question: 'How has mobile money moderated the factors of financial exclusion that other financial institutions failed to resolve between 1960 and 2008? Tanzania has been chosen as a case study to show how mobile has succeeded in moderating financial exclusion in the period after 2008.

Author Biography

Deogratius Joseph Mhella, University of Bristol UK
PhD Candidate - University of Bristol

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Published
2020-08-13
How to Cite
Mhella, D. J. (2020). The Role Of Mobile Money In Moderating Financial Exclusion: A Tanzanian Experience. SOCIALreview. International Social Sciences Review / Revista Internacional De Ciencias Sociales, 9(2), pp. 83-104. https://doi.org/10.37467/gka-revsocial.v9.2614
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Articles