Banking the Unbanked – The Case of Mobile Money in Nepal

Sammanfattning: This thesis investigates ICT diffusion in the context of developing countries, morespecifically in the case of Mobile Money in the Asian country Nepal. Mobile Moneyhas recently emerged in Nepal and has the potential to improve the lives of millions.The aim of the thesis was to examine the dominant business models in Nepal and thebarriers and drivers for the future diffusion of Mobile Money in Nepal. This was donethrough a case study consisting of a field study in Nepal and an extensive literaturereview in the field of ICT diffusion and Mobile Money. Interviews with stakeholdersin the Mobile Money business ecosystem, observations and databases fromorganizations such as the World Bank were used as data sources. The results showthat there are both barriers and drivers for Mobile Money and that the attitudes ofinstitutions, in this case the central bank, have a high impact on diffusion. The introduction of a technology into a new context was affirmed to be a complex,multi-dimensional process. However, in the case of Nepal, one of the solutions couldbe to improve institutional attitudes and make the regulations more accommodating.