This paper provides new evidence on the relationship between mobile money regulation and usage. It combines data from the Mobile Money Regulatory Index, a comprehensive assessment of mobile money regulations, and the Global Findex Database 2017. The analysis covers almost 50,000 individuals across 46 countries and finds compelling evidence that an enabling regulatory framework is strongly associated with higher mobile money usage. There are a number of components within a regulatory framework that are linked to the use of mobile money. The results also suggest that an enabling regulatory framework has a stronger association with mobile money usage amongst women compared to men, and amongst the poorest segments of a country’s population.
December 21, 2020