Money in the 21st Century - The Rise of the Digital Economy in Kenya and Sweden

Martin Tuannhien Mac, Antonio Roca Diaz, Houra Altai, Michael O'Donnell & Jahanzeeb Ahmed

Student thesis: Termpaper


This project compares and contrasts the effects implementing digitised payments in Sweden and Kenya. The purpose of this project is to analyse how effective the aims proposed in the World Bank led report, ‘The Opportunities of Digitizing Payments’, have been in both of these countries. The project’s findings show that both Sweden and Kenya have been heavily affected by the aims of the World Bank led report, and many of the proposals made in this have been adopted in local policies. The research in this project has been undertaken in line with a Critical approach, and has employed Discourse Analysis, in order to investigate possible intentions behind the this publication. Neoliberal views are also applied to critique this aspect of the report. Additionally, this project compares the effectiveness of the report’s aims in both countries, by applying Schumpeter’s Theory of Innovation to understand the way that such aims could lead to GDP growth and improved financial inclusion.

EducationsBasic - International Bachelor Study Program in Social Sciences, (Bachelor Programme) Basic
Publication date14 Dec 2015
SupervisorsAda Scupola


  • digital
  • money
  • G20
  • sweden
  • World Bank
  • cash
  • kenya