Mobile money transactions in Kenya rose to a staggering Ksh15.3 trillion in 2021, as against Ksh. Spearheaded by Safaricom and its monstrous mobile service, M-Pesa, Kenya has become a global mobile money giant. Thanks to mobile money, Kenya’s FinTech industry has undergone a complete transformation. This is just a reflection of how big the Kenyan mobile money market has become. Mobile money has set up a chain of events that has ultimately driven Kenya to the forefront of tech advancement in Africa.

Source: The North Africa Journal June 27, 2022 08:33 UTC