{
  "title": "Mobile Money, Perception about Cash, and Financial Inclusion: Learning from Uganda’s Micro-Level Data",
  "publication": "IMF Working Papers, November 17, 2023",
  "sourceUrl": "https://www.imf.org/en/publications/wp/issues/2023/11/18/mobile-money-perception-about-cash-and-financial-inclusion-learning-from-ugandas-micro-541613",
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  "summary": "Will mobile money render cash less dominant over time in Africa? Can it promote financial inclusion? We shed light on these questions by exploring individual-level and nationally representative survey data for Uganda, a country in a region that pioneered mobile money in the world.",
  "sections": [
    {
      "heading": "Overview and research question",
      "content": "- Authors: Felix F. Simione, Tara S Muehlschlegel\n- Publication: IMF Working Papers, Working Paper No. 2023/238\n- Publication date: November 17, 2023\n- Pages: 32\n- DOI: https://doi.org/10.5089/9798400260148.001\n- ISBN: 9798400260148\n- ISSN: 1018-5941\n- Issue: 238\n- Volume: 2023\n- Primary research questions:\n  - Will mobile money render cash less dominant over time in Africa?\n  - Can mobile money promote financial inclusion?"
    },
    {
      "heading": "Data and methodology",
      "content": "- Data:\n  - Individual-level and nationally representative survey data for Uganda.\n- Method:\n  - Propensity Score Matching method to compare mobile money users and non-users across indicators capturing perceptions about cash and the extent of remitting, saving, and borrowing."
    },
    {
      "heading": "Key empirical findings",
      "content": "- Perceptions and cash usage:\n  - Mobile money users, compared to non-users, are more likely to perceive cash as risky.\n  - Mobile money users are less likely to prefer carrying large amounts of cash.\n- Financial inclusion outcomes:\n  - Mobile money users are more likely to receive remittances and send remittances.\n  - Mobile money users are more likely to save and to borrow.\n  - Mobile money users save larger amounts and borrow larger amounts than non-users."
    },
    {
      "heading": "Subject areas and keywords (as listed)",
      "content": "- Subjects: Balance of payments, Consumer credit, Digital financial services, Financial inclusion, Financial markets, Mobile banking, Money, Remittances, Technology\n- Keywords: Africa, Consumer credit, deposit balance, Developing Country, Digital Divide, Digital financial services, Financial inclusion, Innovation, Mobile banking, money usage, Propensity Score Matching method, Remittances, selected indicator, Sub-Saharan Africa, usage treatment"
    },
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      "content": "- Format mentioned: PDF available for download.\n- Additional access features listed on the landing page: Visit the IMF eLibrary; options to create citation in multiple formats.\n\nIMF Working Paper No. 2023/238 (November 17, 2023) by Felix F. Simione and Tara S Muehlschlegel.\n\n---\n\n Content in this bundle\n\n- Working Paper\n  - Working Paper (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Working Paper (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/wp/issues/2023/11/18/mobile-money-perception-about-cash-and-financial-inclusion-learning-from-ugandas-micro-541613"
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    "Authors: Felix F. Simione, Tara S Muehlschlegel",
    "Published: November 17, 2023",
    "Series: IMF Working Papers",
    "DOI: https://doi.org/10.5089/9798400260148.001",
    "Authors: Felix F. Simione, Tara S Muehlschlegel",
    "Publication: IMF Working Papers, Working Paper No. 2023/238",
    "Publication date: November 17, 2023",
    "Pages: 32",
    "DOI: https://doi.org/10.5089/9798400260148.001",
    "ISBN: 9798400260148",
    "ISSN: 1018-5941",
    "Issue: 238",
    "Volume: 2023",
    "Primary research questions:",
    "Data:",
    "Method:",
    "Perceptions and cash usage:",
    "Financial inclusion outcomes:",
    "Subjects: Balance of payments, Consumer credit, Digital financial services, Financial inclusion, Financial markets, Mobile banking, Money, Remittances, Technology",
    "Keywords: Africa, Consumer credit, deposit balance, Developing Country, Digital Divide, Digital financial services, Financial inclusion, Innovation, Mobile banking, money usage, Propensity Score Matching method, Remittances, selected indicator, Sub-Saharan Africa, usage treatment",
    "Format mentioned: PDF available for download.",
    "Additional access features listed on the landing page: Visit the IMF eLibrary; options to create citation in multiple formats.",
    "**Working Paper**"
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