This study investigated the relationship between mobile money and Nigerian banks with the purpose of ascertaining if forward and backward causal linkages exist and the direction of causation between the two variables. This inquiry was motivated by the inherent challenges of a low level of...

Despite Nigeria's huge population, huge consumer market and the vast number of mobile money operators (MMOs), the uptake of mobile money services has been the lowest in Africa. The introduction of mobile money services into the market after an elaborate licensing and regulatory process by the...