How does mobile money affect the use of informal remittance channels in Sub-Saharan Africa?

The use of informal remittance channels remains significant in sub-Saharan Africa. However, the importance of mobile money has been growing in the region which is not without effect on the use of informal remittance channels by individuals. Therefore, this study examines the impact of mobile money on the use of informal domestic remittance channels in Sub-Saharan Africa using data from the 2017 Global Findex. The results show that individuals who own and use a mobile money account are less likely to send remittances through an informal channel. This indicates the relevance of digitizing remittances to attract more flows and achieve greater formalization of remittances in Sub-Saharan Africa.