Mobile money (MM) is one of the many promising equipment to enable even more individuals residing in rural and marginalized communities into the banking sector than ever before. It has been gaining popularity in developing countries for almost 2 whole decades.

However , MILLIMETER adoption happens to be more successful when governments provide bonuses to early on adopters. Using the Ecuadorian LOGISTIK project like a case study, we tested whether subsidized federal programs inspire more users to use MILLIMETER as an alternative to cash transactions and how brokers behave over time in this framework.

During the project, the Government subsidized MM adoption through tax-incentives in the form of a refund to a user’s MM account. https://www.internet-money-networks.com/ We used temporal research of network representations of MM trades to track the behaviour of agents through this context after some time.

The Bonuses Network captures every transactions through which the Government gives agents money back because of their usage of non-cash payments, such as MM and debit cards. This network contains nodes that represent macro-agents, companies and users and also the Government plus the Central Loan company.

We evaluate this network after the implementation of OLEPF, and we realize that, in the first of all spans, a tremendous number of agents were eliminated as inactive. In the pursuing spans, these realtors regained their previous activity, plus they started to carry out small transactions.

In fact , the training course grew from simply no transactions to 40, 000 per 30-day span in the last 10 spans. This increase is largely caused by the introduction of the incentives. These incentives motivated agents to build up e-money within their MM accounts and then cash-out the us dollars. This improved the value of e-money in the MM bill, and this worth has been developing over time.

Print Friendly, PDF & Email