Kenya tops list of banked population due to high mobile money uptake
A man leaves a mobile money booth after a transaction in Nairobi. PHOTO | FILE |
Kenya tops the list of African countries with ease of access to financial services — thanks to its high uptake of mobile money — placing the country ahead of economic giants such as South Africa, Nigeria and Ghana, fresh data from the World Bank shows.
The Global Findex Database 2014 said 75 per cent, or eight out of every 10 Kenyan adults, is banked — through bank and mobile money accounts — beating South Africa, which has 70 per cent of its population banked, Nigeria, with 44 per cent, and Ghana with 40 per cent.
