The Search for Inclusion in Kenya’s Financial Landscape

The rapid growth of the mobile phone-based money transfer service, M-PESA, since its introduction in 2007 has been seen by many as having produced a tectonic shift in Kenya’s financial landscape. The rapid adoption and use of money transfer services by some 70% of the adult population has suggested that there is huge potential for the development of inclusive formal financial services through mobile phones. This report examines this use within the wider context of financial service use in Kenya.

Website:

Pages:

56

Publisher:

Centre for Development Studies

Author:

Susan Johnson, Graham K. Brown, and Cyril Fouillet

Date:

March 29, 2012

Media Type:

Report

Category:

Emerging Markets, Microfinance