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The proportion of Kenya’s population with access to formal financial services rose to 83 per cent from 75 per cent in 2016, driven largely by mobile technology, a survey part-conducted by the central bank showed on Wednesday.
The East African nation is one of the world’s leaders in mobile money services, after telecoms operator Safaricom pioneered its M-Pesa service 12 years ago to cater for Kenyans without access to the formal banking network.
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