×
App Icon
The Standard e-Paper
Home To Bold Columnists
★★★★ - on Play Store
Download Now

Mobile apps lift access to financial services

Concerns, however, remain on the cost of money transfers

Kenyans’ access to the formal financial sector has more than doubled in the past decade, largely driven by mobile banking and lending apps.

New data from the 2019 edition of the FinAccess Household Survey further indicates that the number of Kenyans excluded from formal finance has narrowed to just 11 per cent of the population.

Get Full Access for Ksh299/Week
Uncover the stories others won’t tell. Subscribe now for exclusive access
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in