News

Industries

Companies

Jobs

Events

People

Video

Audio

Galleries

My Biz

Submit content

My Account

Advertise with us

Mobile News Kenya

Subscribe & Follow

Advertise your job vacancies
    Search jobs

    Kenya leads EAC in mobile money accounts

    Kenya leads the EAC in mobile money accounts with 58 per cent of adults having an account, World Bank report has revealed.
    FreeDigitalPhotos
    FreeDigitalPhotos

    According to the 2014 Global Findex report, only 35 per cent of adults in Tanzania and Uganda have a mobile money account. The report indicated that in Kenya, 75 per cent of adults have either a financial institution or mobile money account up from 42 per cent in 2011.

    World Bank Kenya Senior Economist Mehnaz Safavian said that the uptake of mobile money accounts took off in Uganda and Tanzania in 2011.

    "This is in part due to the success achieved in neighbouring Kenya," Safavian said during the launch of the 2014 Global Findex Report in Kenya.

    Eana

    Source: allAfrica

    AllAfrica is a voice of, by and about Africa - aggregating, producing and distributing 2000 news and information items daily from over 130 African news organisations and our own reporters to an African and global public. We operate from Cape Town, Dakar, Lagos, Monrovia, Nairobi and Washington DC.

    Go to: http://allafrica.com/
    Let's do Biz