The Effects of Mobile Money Transfer on Cost Effectiveness of International Non-governmental Organizations in Kenya

Abstract

Mobile advancements are changing monetary life in developing nations, where copious people are operating smart phones for the latitude of fiscal interactions, for instance, acquiring, and conveying cash exchanges. Certainly, mobile cash is as of now being utilized by banks and versatile system administrators to give many unbanked purchasers an approach to store and get to cash digitally. There are many types of electronic payments in Kenya such as M-pesa that is offered by Safaricom, Airtel money offered by Airtel, Equitel money offered by Equity bank, western union. Mobile money happens to be a type of electronic payments. The objective of the study was to ascertain the impact of mobile money transfer on cost effectiveness of International NGO’s in Kenya. The research design used was descriptive study. The target population was the International NGO’s operating in Kenya and that have adopted mobile money technology. This research being descriptive used primary data. This data was collected from the employees of the various INGO’s. The data was analyzed using descriptive statistics. The study concludes that mobile money transfer is highly compatible with other operating systems used in the INGO’s, mobile money system has minimal downtime, and that mobile money system allows staff to share financial information in INGO’s. In addition, the study concludes mobile money system reliability affect the cost effectiveness of the NGO’s largely and that NGO’s has enough hardware to support mobile money technology and that the mobile technology hardware is well maintained.