The study by Ellis L.C. Osabutey and Terence Jackson examines the role of mobile money in promoting financial inclusion in Africa, focusing on emerging themes, challenges, and policy implications. The authors critique existing literature that often emphasizes the benefits of mobile money while neglecting the challenges and the needs of different stakeholders, particularly those at the 'bottom-of-the-pyramid.' Key challenges identified include ensuring integrity, privacy, and security; addressing resource and infrastructure constraints; and integrating stakeholder benefits. The study suggests that these challenges require a balanced approach to regulation, infrastructure development, and stakeholder engagement. It also highlights the need for policies that support innovation and fair competition, while ensuring that the benefits of financial inclusion are equitably distributed. The authors argue that the introduction of mobile money should be managed proactively and sensitively, incorporating indigenous knowledge and technology, and learning from South-South and Africa-Africa technology transfer. The study concludes by emphasizing the importance of balancing power relations between the state and the market to achieve sustainable financial inclusion and poverty alleviation in Africa.The study by Ellis L.C. Osabutey and Terence Jackson examines the role of mobile money in promoting financial inclusion in Africa, focusing on emerging themes, challenges, and policy implications. The authors critique existing literature that often emphasizes the benefits of mobile money while neglecting the challenges and the needs of different stakeholders, particularly those at the 'bottom-of-the-pyramid.' Key challenges identified include ensuring integrity, privacy, and security; addressing resource and infrastructure constraints; and integrating stakeholder benefits. The study suggests that these challenges require a balanced approach to regulation, infrastructure development, and stakeholder engagement. It also highlights the need for policies that support innovation and fair competition, while ensuring that the benefits of financial inclusion are equitably distributed. The authors argue that the introduction of mobile money should be managed proactively and sensitively, incorporating indigenous knowledge and technology, and learning from South-South and Africa-Africa technology transfer. The study concludes by emphasizing the importance of balancing power relations between the state and the market to achieve sustainable financial inclusion and poverty alleviation in Africa.