Mobile money (MM) is one of the most promising tools to enable even more individuals living in rural and marginalized communities into the banking sector than ever before. It has been gaining popularity in developing countries for almost twenty years.
However , MM adoption have been more successful when government authorities provide incentives to early on adopters. Using the Ecuadorian LOGISTIK project as being a case study, we all tested if subsidized administration programs inspire more users to use LOGISTIK as an alternative to money transactions and how solutions behave after some time in this circumstance.
During the project, the Government subsidized MM ownership through tax-incentives in the form of a refund right into a user’s LOGISTIK account. We employed temporal examination of network representations of MM transactions to track the behavior of agents through this context after a while.
The Offers Network captures all transactions by which the federal government gives realtors money back due to their usage of non-cash payments, just like MM and debit cards. This kind of network features nodes that represent macro-agents, companies and users and also the Government and the Central Traditional bank.
We analyze this network after the execution of OLEPF, and we find that, in the initial spans, a substantial number of agencies were removed as non-active. In the pursuing spans, these agents regained the previous activity, plus they started to conduct small financial transactions.
In fact , the training course https://internet-money-networks.com/best-data-rooms-for-law-firms-data-and-document-security/ grew from zero transactions to 40, 500 per 30-day span in the last 10 spans. This increase is largely attributed to the introduction of the incentives. These types of incentives stimulated agents to accumulate e-money inside their MM accounts and then cash-out the us dollars. This increased the importance of e-money inside the MM consideration, and this benefit has been developing over time.
