Understanding the diffusion and adoption of digital finance innovation in emerging economies: M-Pesa money mobile transfer service in Kenya

Ann Kingiri, Xiaolan Fu · 2019 · Innovation and Development

Summary. M-Pesa's rapid adoption in Kenya demonstrates how digital financial innovations succeed in emerging economies. The study applies technological innovation systems theory to explain M-Pesa's growth, finding that local adaptation, coordination, learning, and localized capabilities drive diffusion. The research reveals that standard innovation frameworks miss critical factors specific to emerging markets, and recommends policies to stimulate digital financial innovation across Africa.

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@article{kingiri-2019-understanding-diffusion-adoption-digital-finance,
  title   = {Understanding the diffusion and adoption of digital finance innovation in emerging economies: M-Pesa money mobile transfer service in Kenya},
  author  = {Ann Kingiri and Xiaolan Fu},
  journal = {Innovation and Development},
  year    = {2019},
  doi     = {10.1080/2157930x.2019.1570695},
  url     = {https://doi.org/10.1080/2157930x.2019.1570695}
}

TY  - JOUR
TI  - Understanding the diffusion and adoption of digital finance innovation in emerging economies: M-Pesa money mobile transfer service in Kenya
AU  - Ann Kingiri
AU  - Xiaolan Fu
JO  - Innovation and Development
PY  - 2019
DO  - 10.1080/2157930x.2019.1570695
UR  - https://doi.org/10.1080/2157930x.2019.1570695
ER  - 

Details

DOI

10.1080/2157930x.2019.1570695

Countries

Kenya

Regions

Africa

Categories

broadband-and-digital, innovation-theory, regional-innovation-systems, general-innovation

Added

2026-04-28