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Table 3 Descriptive statistics of financial inclusion measures.

From: A study of the factors affecting mobile money penetration rates in the West African Economic and Monetary Union (WAEMU) compared with East Africa

Financial inclusion variables

WAEMU countries

 

East African countries

 

The ownership of mobile money account

Observation

Mean

Observation

Mean

Mobile money account

7000

0.2867

11,000

0.3289

The use of mobile money services (A categorical variables including the four following modalities)

Observation

Mean

Observation

Mean

1. Using no mobile money service (reference category)

3902

0.4108

6538

0.4287

2. Using one mobile money service only

3902

0.3603

6538

0.2764

Sending remittances

 

0.1481

 

0.0971

Receiving remittances

 

0.1873

 

0.1323

Paying utility bills

 

0.1468

 

0.1478

3. Using two mobile money services

3902

0.1902

6538

0.2027

Sending and receiving remittances

 

0.0249

 

0.0470

Sending remittances and paying utility bills

 

0.0287

 

0.0312

Receiving remittances and paying utility bills

 

0.0146

 

0.0237

4. Using all three mobile money services

3902

0.0387

6538

0.0922

Sending—receiving remittances and paying utility bills

 

0.0387

 

0.0922

  1. Data used to perform these calculations are from the 2017 Global Findex database. The sample of WAEMU countries includes Benin, Burkina Faso, Côte d’Ivoire, Mali, Niger, Senegal and Togo. The sample of East African countries includes Ethiopia, Kenya, Madagascar, Malawi, Mauritius, Mozambique, Rwanda, Tanzania, Uganda, Zambia and Zimbabwe