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March 7, 2026Open Access

Mobile Banking Platforms and Digital Financial Literacy Among Somali Youth in Malawi: An Exploratory Study

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Authors

SMSimbwana MukangaSMSambala MalobaCZChiweshe Zulu

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Overview

Exploratory study examines mobile banking's effect on financial literacy in Somali youth, indicating a need for better educational support.

Key Points

  • The aim is to explore the impact of mobile banking platforms on the digital financial literacy of Somali youth in Malawi.
  • Mixed-methods approach combining surveys and interviews
  • Data collection from 150 Somali youth aged 18-24
  • Focus on users of mobile banking services for at least six months
  • Higher transaction volumes observed in the 20-24 age group
  • Indicates increased engagement and financial literacy among older youth
  • Mobile banking platforms show potential to enhance digital financial literacy

Cite This Study

Mukanga et al. (2008) studied this question.

synapsesocial.com/papers/69abc2615af8044f7a4ebe73https://doi.org/10.5281/zenodo.18876283
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Also Consider

Synapse has enriched 5 closely related papers on similar clinical questions. Consider them for comparative context:

  1. 1Mobile Banking in Somali Youth Transition Communities: Financial Stability and Behavioural Change Exploration2012
  2. 2Mobile Banking in Somali Youth Transition Communities: Financial Stability and Behavioural Change Exploration2012
  3. 3Mobile Banking Adoption Among Somali Youth in Mogadish Urban Centers Compared to Their Egyptian Counterparts: Exploring Financial Literacy and Savings Rates2005
  4. 4Mobile Money and Financial Literacy Among Senegalese Youth: Affecting Savings Behaviour in Congo Contexts2010
  5. 5Mobile Banking Adoption and Its Impact on Financial Literacy Among Senegalese Youth in Uganda2008