Data and Code for: Cashing In (and Out): Experimental Evidence on the Effects of Mobile Money in Malawi

In this paper, we conducted an RCT with microentrepreneurs in urban Malawi in 2017–2018. Treatment was three-pronged: assistance in opening a mobile money account, training on how to perform basic transactions, and a withdrawal fee waiver. We find that the majority of people opened accounts and used them extensively. We find strong evidence that treated respondents real-located labor from business to agriculture, and we find mixed evidence of an increase in expenditures. In contrast to the existing literature, effects appear to be driven by using the accounts to save rather than to make transfers.