## Mobile Money, Perception about Cash, and Financial Inclusion: Learning from Uganda’s Micro-Level Data

_IMF Working Papers, November 17, 2023_

## Source details

**Canonical URL:** [Mobile Money, Perception about Cash, and Financial Inclusion: Learning from Uganda’s Micro-Level Data](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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## Bibliographic details
- Authors: Felix F. Simione, Tara S Muehlschlegel
- Published: November 17, 2023
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9798400260148.001

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### Overview and research question
- 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:
  - Will mobile money render cash less dominant over time in Africa?
  - Can mobile money promote financial inclusion?

### Data and methodology
- Data:
  - Individual-level and nationally representative survey data for Uganda.
- Method:
  - 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.

### Key empirical findings
- Perceptions and cash usage:
  - Mobile money users, compared to non-users, are more likely to perceive cash as risky.
  - Mobile money users are less likely to prefer carrying large amounts of cash.
- Financial inclusion outcomes:
  - Mobile money users are more likely to receive remittances and send remittances.
  - Mobile money users are more likely to save and to borrow.
  - Mobile money users save larger amounts and borrow larger amounts than non-users.

### Subject areas and keywords (as listed)
- 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

### Publication and access notes
- 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.

*IMF Working Paper No. 2023/238 (November 17, 2023) by Felix F. Simione and Tara S Muehlschlegel.*

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_Source: https://www.imf.org/en/publications/wp/issues/2023/11/18/mobile-money-perception-about-cash-and-financial-inclusion-learning-from-ugandas-micro-541613_