Disruptive financial technology (fintech) and entrepreneurship in burkina faso

Abstract

The chapter examines money transactions and use of this ICT-enabled payment and deposit system in Burkina Faso. Specifically, the chapter investigates the role of disruptive financial technology in financial inclusion, focusing on mobile money transactions on entrepreneurship. Looking at the role of digital money on entrepreneurship matters greatly because self-employment is a sustainable route out of poverty. The study shows that the use of mobile money technology is not necessarily for investment purposes and to make livelihood changes by investing in the creation of new enterprises or self-employment ventures. Most of the current use of mobile money is for transaction payments, such as utility bills and/or payment of fees, like tuition fees.