The adoption of mobile financial services helps reduce the informal sector of the economy in developing countries, says research published by the Banque de France.
In Informal Sector and Mobile Financial Services in Developing Countries: Does Financial Innovation Matter? Luc Jacolin, Joseph Keneck Massil, and Alphonse Noah investigate the impact of mobile financial services (MFS) on the informal sector. These services include mobile money, and mobile credit and savings.
The authors use data