There are increasing money transfer through mobile apps and companies such as MPeso, Remitly, InstaRem, Tipalty, Ria and so on. However, I wonder whether

1. they are legal?

2. their transfer comes into government record?

3. they discourage commercial bank transfer?

4. they have Service guarantee (as against 'hawala' or 'hundi')?

Please suggest recent research papers on validity and fidelity of mobile money transfer?

Thank you!

Santosh

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