Kenya is most diversified mobile money market

Kenya ranked second among consumers who used mobile money for savings at 33 per cent. [File, Standard]

Kenya and Senegal are the continent’s most maturing and highly diversified mobile money markets, according to the Global System for Mobile Communications Association (GSMA).

The two countries lead in the number of consumers who in the last 12 months used mobile money to get a loan, with Kenya registering 36 per cent followed by Senegal at 12 per cent. Nigeria was at four per cent and Egypt at two per cent.