Mobile Banking and Entrepreneurship in Developing Countries:A case study of Nigeria

Abstract: The purpose of this study was to identify ways by which entrepreneurial mobile banking growth could be accelerated in developing countries. An exploratory research method was adopted to identify the facilitators and obstacles to entrepreneurial mobile banking. The finding reveals some facilitators which include government policies and efforts of donor agencies, stiffer competition among banks, need for efficiency and lower cost, telecoms focus on customers retention. While some obstacles include conservative and vague regulation, security issues, underdeveloped infrastructures, lack of interoperability and lack of basic need for financial services. The main contribution of this study is the concise identification of the facilitators and obstacles to entrepreneurial mobile banking especially in developing countries. Suggestion for further study was made. The findings could be useful to policy-makers, donor agencies and other development partners in designing and directing their policies intervention