MOBILE MONEY SERVICES AND FINANCIAL GROWTH OF SMALL AND MEDIUM ENTERPRISES IN KAKAMEGA TOWN, KENYA
Abstract
The purpose of this study was to examine how mobile money services affect the financial growth of SMEs in Kakamega town, Kenya. Therefore, the study examined how mobile money savings, mobile money transfers and mobile money credit affected the financial growth of SMEs in Kakamega. Descriptive survey research design was adopted. The target population included 1868 registered SMEs in Kakamega town and a sample size of 329 SMEs was selected. Purposive sampling technique was used to pick out the SMEs. Questionnaires were used to collect primary data. Statistical Package for Social Sciences (SPSS) version 24 software was used for data analysis. Data was analysed through descriptive and inferential statistics. Descriptive statistics included the means, standard deviations, frequencies and percentages while inferential statistics included correlation and regression analysis. Findings were presented in frequency tables and Pie charts. From the findings, all three mobile money services (mobile money savings services, money transfer services and mobile money credit services) had significant positive effect on the financial growth of SMEs. This suggested that increase in the utilization of mobile money services would results to significant growth of SMEs in Kakamega town. The study therefore concluded that mobile money services are significant predictor of SMEs growth in Kakamega town. The study recommended that SMEs should to invest in mobile money savings and transfers in their operations since the research has found that it has a high influence on financial growth of SMEs. Based on the research findings, for mobile money services to improve in their financial performances, they embrace effective application of new modern technologies, effective mobile money transfer Services and efficient mobile money credit Services and comply to government regulations. The government should ensure the SMEs access affordable loans from the financial institutions with low interest rates. The study would help technology providers, government agencies and development partners to understand the contribution of mobile money service technology on the financial growth of SMEs. This would help them provide better technical support and advice to their clients as well as providing new innovations.
Key Words: Mobile Money, Savings, Transfers, Credit
CITATION: Makhandia, C. S., Miroga, J., & Otinga, H. N. (2022). Mobile money services and financial growth of small and medium enterprises in Kakamega Town, Kenya. The Strategic Journal of Business & Change Management, 9 (2), 63 – 86.
Full Text:
PDFReferences
Adeya, N., (2013). Potential Uses of ICTs by Small and Micro Enterprises in Ghana and Kenya. UNU/INTECH.
Aker, J. C., Prina, S., & Welch, C. J. (2020). Migration, money transfers, and mobile money: Evidence from Niger. In AEA Papers and Proceedings (Vol. 110, pp. 589-93).
Ala, M. O., & Ngugi, P. K. (2013). Influence of mobile banking on growth of Micro Finance Institutions in Kenya. International Journal of Social Science and Entrepreneurship, 1(2), 132-151.
Alharbi, S., & Drew, S., (2014).Using the Technology Acceptance Model in Understanding Academic Behavioural Intention to Use Learning Management System. International Journal of Advanced Computer Science and Application, 5(1), 143-155.
Amyx, C., (2015). The Perception Problem: Size Doesn't Matter. Hington Business Journal, 1,
Andiva, B. (2015). Mobile financial services and regulation in Kenya. In 1st Annual Competition and Economic Regulation (ACER) Conference.
Anurag, M., &Tyagi, T., (2010). Will Lower Mobile Money Fees in Kenya, Tanzania be enough to stimulate micropayments? [http://blogpost.aspx? blogid=2743] site visited on 2/4/2012.
Asamoah, D., Takieddine, S., & Amedofu, M. (2020). Examining the effect of mobile money transfer (MMT) capabilities on business growth and development impact. Information Technology for Development, 26(1), 146-161.
Atieno, R., (2010). Linkages, access to Finance and the Performance of Small-scale enterprises in Kenya. Research Paper No.2009/06.United Nations University.
Bångens, L., &Söderberg, B., (2011). Mobile Money Transfers and usage among micro- and Small businesses in Tanzania. Implications for policy and practice, April, 2011. Retrieved January 23, 2012, from www.gsma.com/mobilefordevelopment.
BenardNgaraya, Mary Bosire, Simon M. Kamau, (2014). Effects of Mobile Money Transaction on financial performance of small and medium Enterprises in Nakuru Central Business District. ISSN 2222(Paper) ISSN 2222-2847(online)
Berisha, G., & Pula, J. S. (2015). Defining Small and Medium Enterprises: a critical review. Academic Journal of Business, Administration, Law and Social Sciences, 1(1), 17-28.
Blechman, J. G. (2016). Mobile credit in Kenya and Tanzania: Emerging regulatory challenges in consumer protection, credit reporting and use of customer transactional data. The African Journal of Information and Communication, 2016(17), 61-61.
Blumenstock, J., Callen, M., & Ghani, T. (2018). Why do defaults affect behavior? Experimental evidence from Afghanistan. American Economic Review, 108(10), 2868-2901.
Boateng, I. (2011). Factors affecting Malaysian mobile banking adoption: An empirical analysis. International Journal of Network and Mobile Technologies, 2(3), 149-160.
Bongomin, G. O. C., Ntayi, J. M., Munene, J. C., & Malinga, C. A. (2017). The relationship between access to finance and growth of SMEs in developing economies: Financial literacy as a moderator. Review of International Business and strategy.
Booster, L., &Soderberg, B., (2018).Mobile Banking-Financial Services for the Unbanked. KISTA, The Swedish Program for ICT in Developing Regions.
Bowen, N., & Grove, K., (2010). 3rd ed. Understanding Nursing Research. Philadelphia: Saunders.
Brains, N., & Manheim, S., (2011). The practice of nursing research: conduct, critique and utilization. Philadelphia, Pennsylvania: W.B. Saunders.
Bunyasi, G. N. W., Bwisa, H., & Namusonge, G. (2014). Effect of access to business information on the growth of small and medium enterprises in Kenya. International Journal of Business and Social Science, 5(10).
Catherine NanjalaSimiyu, MargeratOloko Mobile Money Transfer and the Growth of Small and Medium Sized enterprises in Kisumu City Kenya (May 2015) http//ijecm.co.uk.
Chale, P. R., & Mbamba, U. (2014). The role of mobile money services on growth of small and medium enterprises in Tanzania: Evidence from Kinondoni district in Dar es Salaam region. Business Management Review, 17, 81-96.
Chen, G., & Mazer, R. (2016). Instant, automated, remote: The key attributes of digital credit. CGAP Blog, February, 8, 2016.
Chew, E., Ilavarasan, V., & Levy, M., (2013). When there's a will, there might be a way: The economic impact of mobile phones and entrepreneurial motivation on female-owned microenterprises. Sixth International Conference on Information and Communication Technologies and Development (pp. 196-204). New York: ACM.
ChogiMwangi, (2016) Effect of security and accessibility of Mobile Money Transfer Services on Transactional Lead time of small and medium scale enterprises (SMEs) in Eldoret, Kenya. (2016). https://ijem.co.uk
Chullur, Y., (2010), Overview of the Technology Acceptance Model: Origins, Developments and Future Directions, Indiana University, USA, Sprouts: Working Papers on Information Systems.
Communications Commission of Kenya (CCK). (2013). Annual Report 2012-2013,
Congress 2009.Retrieved March 20, 2014 from http://www.strathmore.edu/pdf/innovgsma- omwansa.pdf.
Cooper, D., & Schindler, P., (2013). Business Research Methods. New Delhi: Tata McGraw- Hill Publishing Company.
Dahlberg, T., &Mallat, N., &Ondrus, J., &Zmijewska A., (2011). Past, present and future of mobile payments research: A literature review. Electronic Commerce Research and Applications 7 (2011) 165–181
De Mel, S., McIntosh, C., Sheth, K., & Woodruff, C. (2020). Can Mobile-Linked Bank Accounts Bolster Savings? Evidence from a Randomized Controlled Trial in Sri Lanka. The Review of Economics and Statistics, 1-45.
Donner, (2017). The use of mobile phones by micro entrepreneurs in Kigali, Rwanda: Changes to social and business networks Information Technologies and International Development 3 (2):3-19
Donner, J., (2015). Micro Entrepreneurs and Mobiles: An Exploration of the Uses of Mobile Phones by Small Business Owners in Rwanda. Information Technologies for International Development, 2(1), 1-21.
Eramus, E., Fernardo, B. & Gloria, G., (2015). “A structural re Model of technology accountancy. SA Journal of Industrial Psychology, 41(1), 1 – 12.
Fethena.M, Reuben, G. & Sara, R., (2015). “Expanding the Technology Acceptance Model (TAM) to Examine Faculty Use of Learning Management System (LMSs) in Higher Education Institutions. MERLOT Journal of Online Learning and Teaching 11(2), 210232.
Gartner M. (2012).Access to financial services in Tanzania. Dar es Salaam: Financial Sector Deepening Trust. Gartner (2012). Market trends: Mobile payments worldwide 2011. New York, USA: Gartner Research. GSMA (2012). Mobile money for the unbanked: Annual Report 2012. Retrieved from http://www.gsmworld.com/documents/mmu_2012_annual_report.pdf
GSM Association (2017), State of the Industry Report on Mobile Money, Decade Edition
-2016.
Higgins, D., & Kendall, J., & Lyon, B., (2012). Mobile Money Usage Patterns of Kenyan Small and Medium Enterprises. Innovation, Technology, Governance and Globalization, 7, 6781.
Hughes, N., &Lonie, S., (2017).M-PESA: Mobile Money for the “Unbanked” Turning Cellphones into 24-Hour Tellers in Kenya. Innovations. Winter/Spring 2007, Vol. 2, No. 1-2,
Ibrahim, H. (2019). Examining Challenges Impacting Mobile Money Penetration Levels in Somalia: The Case of Zaad in Mogadishu (Doctoral dissertation, University of East London).
Ibrahim, H. (2019). Examining Challenges Impacting Mobile Money Penetration Levels in Somalia: The Case of Zaad in Mogadishu (Doctoral dissertation, University of East London).
International Financial Corporation (IFC).(2010). M-Money Channel Distribution Case – Kenya,
Ishengoma, R., (2011). Analysis of mobile banking for financial inclusion in Tanzania: Case of Kibaha District Council. Retrieved on 23rdSept 2014 from www.econrsa.org/system/files/.../papers/.../ishengomamobile-banking.
ITU-T Statistics.(2014). Mobile-cellular subscriptions.Time Series by Country. Retrieved http://www.itu.int/en/ITUD/Statistics/Documents/statistics/2014/Mobile_cellular_200 02013.xls.
Jack, W., & Habyarimana, J. (2018). High hopes: Experimental evidence on saving and the transition to high school in Kenya, Georgetown University, mimeograph;
Jagun, A., Heeks, R., &Whalley, J., (2018). The impact of mobile telephony on developing country microenterprise: A Nigerian case study. Information Technologies & International Development, (4):47–65.
Jenkins, B., (2008). Developing mobile money ecosystems.hington, DC: IFC and the Harvard Kennedy School.
Kalei, A., Wambugu, W. H., & Muturi, G. P. (2016). Acceptance of M-Pesa Service and its Effect on Performance of Small and Micro-Businesses in Kenya.
Kalei, A., Wambugu, W. H., & Muturi, G. P. (2016). Acceptance of M-Pesa Service and its Effect on Performance of Small and Micro-Businesses in Kenya.
Kalio, C. (2011). Mobile money transfer services: the next phase in the evolution of person-to-person payments. Journal of Payments Strategy & Systems, 5(2), 143-160.
Kendall, J., Maurer, B., Machoka, P., & Veniard, C. (2011). An emerging platform: From money transfer system to mobile money ecosystem. Innovations: Technology, Governance, Globalization, 6(4), 49-64.
Khan, S. (2015). Impact of sources of finance on the growth of SMEs: evidence from Pakistan. Decision, 42(1), 3-10.
Kiogothe, M. W. (2018). Factors influencing adoption of mobile banking in Kenya: a case of commercial banks’ customers in Nairobi County (Doctoral dissertation, Strathmore University)
Kiplagat, j. J. (2015). Utilization of m-pesa and performance of small and medium scale businesses in nakuru town (doctoral dissertation, kabarak university).
Kirui, R. K. (2016). Effect of mobile money services on sales of micro and small enterprises in Nakuru Town, Kenya (Doctoral dissertation, Egerton University).
Kithaka, E. D. W. I. N. (2014). The effect of mobile banking on financial performance of commercial banks in Kenya (Doctoral dissertation, University of Narobi).
Kwabena, G. Y., Mei, Q., Ghumro, T. H., Li, W., & Erusalkina, D. (2021). Effects of a Technological-Organizational-Environmental Factor on the Adoption of the Mobile Payment System. The Journal of Asian Finance, Economics, and Business, 8(2), 329-338.
Kwakwa, A., (2012). Mobile phone usage by micro and small scale enterprises in Semi-Rural Ghana. International Review of Management and Marketing 2(3): 156-164. Kothari, C., (2008). Research methodology: methods and techniques (2nd Ed.).New Delhi. New age International limited Publishers.
Lee, Y., Kozar, A., &Lorsen, T., (2003). “The Technology Acceptance Model: Past, Present and future. Communications of the Association of Information System 12(50), 751 – 781.
Legg, S. J., Olsen, K. B., Laird, I. S., & Hasle, P. (2015). Managing safety in small and medium enterprises.
Lennart, B., &Björn S (2011).Mobile Money Transfers and Usage among Micro and Small Businesses in Tanzania. Implications for Practice, 1-29.
Lim, D. S., Morse, E. A., & Yu, N. (2020). The impact of the global crisis on the growth of SMEs: A resource system perspective. International Small Business Journal, 38(6), 492-503.
Litondo, K., &Ntale, J., (2013) Determinants of Mobile Phone Usage for E-Commerce among Micro and Small Enterprises in the Informal Sector of Kenya. International Journal of Applied Science and Technology, 3(6): 16-21.
Madila, S. S., & Msamba, E. (2016). To Assess the Effectiveness of Mobile Money Application in the Development of SMEs. International Journal of Engineering Research & Technology 5 Issue 01, January-2016
Makena, K. J., & Gekara, G. (2014). Factors influencing adoption of mobile money services among institutions of higher learning in Kenya. The Strategic Business and Change Journal of Management, 2(20), 381-401.
Makin, P., & Hyperion, C. (2010). Regulatory issues around mobile banking. The Development Dimension ICTs for Development Improving Policy Coherence: Improving Policy Coherence, 139.
Mallat, J., (2017). The Hype Cycle and Mobile Banking, 2009. Retrieved June 27, 2009, from CGAP: http://technology.cgap.org/
Mararo, M. W. (2018). Influence of mobile money services on the growth of SME in Nakuru Town Kenya (Doctoral dissertation, JKUAT).
Mary Mararo, (2017) Influence of mobile money services on the growth of SMEs in Nakuru Town, Kenya,
Mas, I., &Ng’weno, A., (2010). Three keys to M-PESA’s success: Branding, channel management and pricing. Bill & Melinda Gates Foundation.
Masocha, R., & Dzomonda, O. (2018). Adoption of mobile money services and the performance of small and medium enterprises in Zimbabwe. Academy of Accounting and Financial Studies Journal, 22(3), 1-11.
Mbiti, I., & Weil, D., (2011). Mobile Banking: The Impact of M-Pesain Kenya. Nber Working Paper Series, Working Paper 17129. Retrieved March 19, 2014 from http://www.nber.org/papers/w17129.
Mbogo, M. (2010). The impact of mobile payments on the success and growth of micro-business: The case of M-Pesa in Kenya. Journal of Language, Technology & Entrepreneurship in Africa, 2(1), 182-203.
MdTaimurAhad, exploring the usage of the Mobile phone by SMEs in the Achievement of vision 2020 Goals. (2016). https//www.ibimapublishing.com/journals/jmtk/jmtks.html.
Michaels, J., & Hammond, M., (2018).A Review of Evidence on Mobile use by Small and Micro Enterprises in Developing Countries. Journal of International Development, 22, 641-658
Moibi, M. G. (2019). Evaluating the Adequacy of the Legal and Regulatory Framework of Mobile Money Transactions in Kenya.
Muchiri, J. W. (2018). Effect of mobile banking adoption on the performance of small and medium enterprises in Nairobi County. International Journal of Economics, Business and Management, 2(4), 445-486.
Muchiri, J. W. (2018). Effect of mobile banking adoption on the performance of small and medium enterprises in Nairobi County. International Journal of Economics, Business and Management, 2(4), 445-486.
Mugenda, O., &Mugenda A., (2013).Research Methods: Quantitative and qualitative approaches. (2nd Ed.) Nairobi: ACTS Press.
Muiruri, A. (2014). “Facilitating Cross-Border Mobile Banking in Southern Africa”,
Economic Premise, No. 26, World Bank.
Muriuki, E.T. (2011). M-Pesa Utility, Operation and Entrepreneurial Innovations by Small
Enterprises in Kenya. Unpublished doctoral thesis. Nairobi: Jomo Kenyatta University of
Agriculture and Technology.
Mutio, F. M. (2019). Influence of Mobile money services on Performance of Micro Businesses in the Informal Sector in Kenya: A Case Study of Jua Kali Artisans in Nairobi County (Doctoral dissertation, United States International University-Africa).
Mutisya, R. (2016). The Role of Mobile Banking on the Growth of Micro and Small Enterprises in Kitui County (Doctoral dissertation, University of Nairobi).
Mutisya, R. (2016). The Role of Mobile Banking on the Growth of Micro and Small Enterprises in Kitui County (Doctoral dissertation, University of Nairobi).
Mwega, F. M. (2016). Financial regulation in Kenya: Balancing inclusive growth with financial stability (pp. 99-122). Routledge.
Nakityo, M. (2019). Mobile Money Services and Growth of Small and Medium Enterprises in Mukono Municipality (Doctoral dissertation, Uganda Christian University).
Narteh, B., Mahmoud, M. A., & Amoh, S. (2017). Customer behavioural intentions towards mobile money services adoption in Ghana. The Service Industries Journal, 37(7-8), 426-447.
Ndung’u, N. (2019). Digital technology and state capacity in Kenya. Washington, DC.
Ngaruiya, B., Bosire, M., &Kamau, S., (2014).Effect of mobile money transactions on financial performance of small and medium enterprises in Nakuru Central Business District. Research Journal of Finance and Accounting, 5 (12): 53-58.
Ngaruiya, B., Bosire, M., and Kamau, S. (2014). Effect of mobile money transactions on
financial performance of small and medium enterprises in Nakuru Central Business
District. Research Journal of Finance and Accounting, 5 (12): 53-58.
Nizaeva, M., & Coskun, A. (2019). Investigating the relationship between financial constraint and growth of SMEs in South Eastern Europe. SAGE Open, 9(3), 2158244019876269.
Njenga, A., (2009). Mobile phone banking: Usage experiences in Kenya, unpublished MBA thesis of Catholic University of Eastern Africa.
Nyagah, K.M. (2013). The Impact of Mobile Money services on the Performance of Small and Medium Enterprises in an urban town in Kenya. Unpublished MBA thesis. Nairobi: KCA University.
Nyangori, D., (2012) “Perceived Usefulness, Perceived Ease of Use, and User Acceptance of Information Technology,” MIS Quarterly 13(3), 319‐339
Oluwatayo P. (2016) Non-Financial Services in SMEs Banking
Omwansa, T., (2009), M-PESA: Progress and Prospects. Innovations / Mobile World
Ondiege, P. O. (2015). Regulatory Impact on Mobile Money and Financial Inclusion in African Countries-Kenya. Nigeria, Tanzania and Uganda, Paper Prepared for March.
Onyango, R., Ongus, I.W. R, Awuor, M. F., and Nyamboga, C. (2014). Impact of adoption
and use of mobile phone technology on the performance of micro and small
enterprises in Kisii Municipality Kenya. World Journal of Computer Application and
Technology, 2(2): 34-42.
Kenya. World Journal of Computer Application and Technology, 2(2): 3442.
Osoro, K., & Muturi, W. (2013). The role of micro financial institutions on the growth of SMEs in Kenya: A case study of micro financial institutions in Kisi Town. IOSR Journal of Humanities and Social Science (IOSR-JHSS), 16(1), 2279-0837.
Otiso, K., Simiyu, C., and Odhiambo, V. (2013). Effects of sales revenue by use of mobile
phone money transfer on the profitability of the micro and small enterprises in
Bungoma County. International Review of Management and Business Research, 2
(3):854-860.
Otiso, N., Simiyu, N., & Wepukhulu, R., (2013). Effects of Cost Reduction by Use of Mobile Phone Money Transfer System on the Profitability of Micro and Small Enterprises in Bungoma County. European Journal of Business and Management, 5(26), 125–131. Retrieved from: http://www.iiste.org/Journals/index.php/EJBM/article/view/8070
Ouma, D. and Rambo, H. (2013). Mobile Money Transfers and Usage among Micro and
Small Businesses in Tanzania. Implications for Practice, 1-29.
Ouma, D. and Rambo, H. (2013). Mobile Money Transfers and Usage among Micro and
Small Businesses in Tanzania. Implications for Practice, 1-29.
Owen, K., (2018). “Conditions for acceptance and usage of mobile payment procedures”. MPRA Paper 2912.
Pagani, I., (2014).CGAP Focus Note No.46. The early experience with branchless banking. Pages 63-81. DOI:10.1162/itgg.2007.2.1-2.63
Paul, W., & Henry, M., (2013). Influence of Mobile Money Transfer Services on the Performance of Micro Enterprises in Kitale Municipality.
Porteous, D., (2006).The enabling environment for mobile banking in Africa. London: DFID.
Rafinejad, D., (2017). Innovation, Product Development and Commercialization. USA: Daurish. Rajivlal and IshanSachdev, Mobile Money Services, Design and Development for Financial Inclusion. Working Paper (July 2015).
Riyadh. A., Akter, S., &Nayeema, I., (2010).The Adoption of E-banking in Developing Countries: A Theoretical Model for SMEs. International Review of Business Research Paper, 5(6), 212-230 .
Sadana, G., Sjöblom, E. &Pulver, C., (2011).What Makes a Successful Mobile Money Implementation? Leanings from M-PESA in Kenya and Tanzania. Mobile money for the Unbanked, GSMA, UK. 22.
Safaricom, (2010). Financial Year 2008/2009; Annual Results Presentation and Investor update.
Saleem, Z., & Rashid, K., (2011). Customer satisfaction in mobile banking industry of Pakistan. Karachi: Lambert Academic Publishing.
Senso, C., &Venkatakrishana, V., (2013).Challenges of Mobile – Phone Money Transfer Service Market Penetration and Expansion in Singida District, Tanzania. International Journal of research in management and Technology (IJRMT), 3(6), 205-2015
Shon, K. &Swatman, J., (2018).Arthur D. little Globa l M-Payment Report, Vienna, Austria.
Skogqvist, J. M. (2019). The effect of mobile money on savings behaviors of the financially excluded.
Skogqvist, J. M. (2019). The effect of mobile money on savings behaviors of the financially excluded.
Talom, F. S. G., & Tengeh, R. K. (2020). The impact of mobile money on the financial performance of the SMEs in Douala, Cameroon. Sustainability, 12(1), 183.
Tobbin, P., & Kuwornu, J. K. (2011). Adoption of mobile money transfer technology: structural equation modeling approach. European Journal of Business and Management, 3(7), 59-77.
Uduji, J. I., Okolo-Obasi, E. N., & Asongu, S. A. (2019). Electronic wallet technology and the enabling environment of smallholder farmers in Nigeria. Agricultural Finance Review.
United Nations. Economic and Social Commission for Asia and the Pacific: Trade Finance Infrastructure Development Handbook for Economies in Transition,. Thailand: United Nations Publications.
Vaughn, H., (2010). The Impact of Mobile Devices on SMEs in Auckland, New Zealand. Unpublished Masters in Computing Project, Unic New Zealand.
Venkatesh, V., & Davis F., (2010).A theoretical extension of the Technology Acceptance Model. Management Science, 46, 186-204.
Wambari J, (2010) Impact of Mobile Banking on financial performance of unguka microfinance Bank Ltd, Rwanda (2010). (https://ISSN:2249-4588)
Wanambisi, D. (2013). Regulating transformational branchless banking: Mobile phones and other technology to increase access to finance (No. 42703, pp. 1-24). The World Bank.
Wanyonyi, P., & Bwisa, H., (2013). Influence of mobile money transfer services on the performance of micro enterprises in Kitale Municipality. International Journal of Academic Research in Business and Social Sciences, 3 (5):500-517.
World Bank. (2012). Information and Communications for Development 2012: Maximizing Mobile. hington, DC: World Bank. DOI: 10.1596/978-0-8213-8991-1. Retrieved June 18, 2014 from http://www.worldbank.org/ict/IC4D2012.
DOI: http://dx.doi.org/10.61426/sjbcm.v9i2.2248
Refbacks
- There are currently no refbacks.
This work is licensed under a Creative Commons Attribution 3.0 License.
PAST ISSUES:
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.