Promote mobile banking like Kenya, report urges African states

Safaricom M-Pesa menu showing the Pay bill option. November 28, 2012. PHOTO | SALATON NJAU

What you need to know:

  • A study released in March this year by the Financial Access Partners indicates that Kenya is the most financially inclusive country compared to many other African countries.
  • The survey shows that 77 per cent of Kenya’s population has access to financial service points within 5-km radius. Tanzania has 35 per cent of its population accessing financial services points within 5km while Uganda has 43 per cent of its population accessing financial points within the same distance.

A new report has urged African governments to emulate Kenya in supporting the development of mobile banking and electronic commerce to increase financial inclusion.


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