Abstract
The chapter examines money transactions and use of this ICT-enabled payment and deposit system in Burkina Faso. Specifically, the chapter investigates the role of disruptive financial technology in financial inclusion, focusing on mobile money transactions on entrepreneurship. Looking at the role of digital money on entrepreneurship matters greatly because self-employment is a sustainable route out of poverty. The study shows that the use of mobile money technology is not necessarily for investment purposes and to make livelihood changes by investing in the creation of new enterprises or self-employment ventures. Most of the current use of mobile money is for transaction payments, such as utility bills and/or payment of fees, like tuition fees.
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Notes
- 1.
This is part of a larger study on the role of financial technology on financial inclusion by the United Nations Capital Development Fund (UNCDF). A future work will involve exploring similar issues in Benin, Cameroon and Togo which have also completed FinScope Consumer Survey data.
- 2.
https://www.globalmoneyweek.org/countries/167-burkina-faso.html. Accessed on 19 September 2019.
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Kouame, E., Kedir, A.M. (2020). Disruptive Financial Technology (FinTech) and Entrepreneurship in Burkina Faso. In: Arthur, P., Hanson, K., Puplampu, K. (eds) Disruptive Technologies, Innovation and Development in Africa. International Political Economy Series. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-40647-9_8
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