Determinants of User Adoption of Mobile Electronic Payment Systems for Microfinance Institutions in Developing Countries: Case Study Cameroon

The use of mobile devices for the provision of financial services in developing countries is currently of increased level of importance particularly in communities that lack access to the traditional commercial banking institutions. Many microfinance institutions in developing countries are already introducing mobile applications to their clients to improve and also increase the volume of their operations using this media of information exchange. A key prerequisite which is a necessary ingredient for financial transactions processing to be adopted by this segment of users of mobile networked devices is an effective mobile payment service. Insufficient understanding of the various factors for the proliferation of payment transactions is attributed to the slow in take for its adoption. This paper presents key findings from the purview of the socio-technical and institutional domain to get an understanding of this subject area within technology adoption.