Socioeconomic Implications of Mobile Money in Developing Countries

Authors

DOI:

https://doi.org/10.4301/S1807-1775202522006

Keywords:

Mobile money, developing countries, socioeconomics implications, challenges, opportunities.

Abstract

As mobile money services gain popularity in developing countries, it is important to understand their influence on socioeconomic dynamics and their role in promoting inclusive development. This research paper examines the socioeconomic effects of mobile money in developing countries, analyzing its potential for transformation and its impacts on individuals, communities, and the wider economy. The study critically assesses key socioeconomic aspects of mobile money adoption, such as financial inclusion, poverty alleviation, employment creation, and gender empowerment. Through an extensive review of existing literature, the research evaluates the extent to which mobile money contributes to these dimensions, highlighting both the opportunities and challenges involved. Moreover, the paper investigates how mobile money affects economic growth by exploring its influence on entrepreneurship, market access, and productivity. It examines the potential of mobile money to encourage formalization, stimulate investment, and enhance financial resilience within developing countries. By providing a comprehensive analysis of the socioeconomic implications of mobile money in developing countries, this research paper aims to inform and provide recommendations to policymakers, researchers, and practitioners about its transformative potential and the associated challenges.

Author Biography

Muhammed Miah, Tennessee State University

Professor & Interim Chair Department of Information Systems

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Published

2025-11-12

How to Cite

Miah, M. (2025). Socioeconomic Implications of Mobile Money in Developing Countries. Journal of Information Systems and Technology Management, 22. https://doi.org/10.4301/S1807-1775202522006

Issue

Vol. 22 (2025)

Section

Articles

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