Mobile Money

Published on 9 February 2023
Tavneet Suri

This PEDL Synthesis Paper is part of the VoxDevLits series from VoxDev, wiki-inspired literature reviews that will continue to be updated as research in the area progresses.


With increasing access to mobile phones across the world, mobile money services have been growing in popularity, enabling users to deposit, transfer, and withdraw funds from a digital account without owning a bank account. Mobile money dramatically reduces transaction costs, while improving the convenience, security, and time taken for transactions. This VoxDevLit summarises research studying the expansion of mobile money providers and accounts over the past decade, and highlights the importance of mobile money in changing financial behaviour, such as its effect on resilience, urban migration, and food security, especially among vulnerable groups.


Senior Editor:

  • Tavneet Suri


  • Jenny Aker
  • Catia Batista
  • Michael Callen
  • Tarek Ghani
  • William Jack
  • Leora Klapper
  • Emma Riley
  • Simone Schaner
  • Sandip Sukhtankar


Tavneet Suri

Massachusetts Institute of Technology