Kenya – world leader in mobile payments

Eugeniusz Gostomski, Tomasz Michałowski

Summary
In the last decade, there has been a real revolution in the Kenyan banking associated with the development of mobile telephony and mobile payments in the reporting country. In 2007, the largest mobile operator in Kenya launched M-Pesa system which is an innovative solution that enables its users to make mobile payments. M-Pesa system has become a big success. Nowadays, the Kenya’s inhabitants have access to other basic financial services while using their mobile phones. In particular, they can make savings and access loan products.

Kenya – world leader in mobile payments

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