Mobila transaktioner och ekonomisk tillväxt i Sub-Sahariska Afrika

Financial inclusion play a key role for a country's economic growth for poverty eradication and multiple studies have been made on how to achieve it. With a cellphone as the most accessible technology, it enables pervasively unbanked people to pay bills, save, withdraw and deposit money. In this study we aim to analyze if mobile money has an impact on economic growth in Sub-Saharan Africa (SSA) since it has expanded significantly and is used by nearly half a billion people in SSA. We divided SSA into four regions and used panel data to examine the impact over seven years (2012-2018). Mobile money is divided into three variables: active agents, active accounts, and total transactions in relationship to GDP per capita. Because of the difference in mobile money usage between the regions we divide all three components with the region's population. We conclude that total transactions have a small but positive and significant impact on economic growth while active accounts and active agents shows a positive but insignificant result. In our analysis we proceed to discuss different factors of mobile money that can contribute to a positive impact on economic growth such as remittances and interest-bearing accounts