Tuesday
January 28
2020

Here’s What Kenyans Are Buying Through Mobile Money Service

By Saruni Maina

When it comes to mobile money services in Kenya, M-Pesa is king. However, we can all agree that mobile money charges aren’t exactly cheap. But the convenience that comes with paying via our phones really goes a long way in cushioning this expensive transaction.

Research and Survey platform Geopoll has released a report that shows the different goods and services that Kenyans pay for using mobile money, at least for those aged between 18 and 35 years old.

Before we get into that, the report also indicates that mobile money services are the second most popular savings platform after banks, taking up approximately 30% of all savings made in the country. When it comes to other payment options, cash is still king. While mobile money only takes up 28% of all payments, people still prefer using cash to pay for goods.

Photo courtesy of Anaya Katlego.

Source: Gadgets Africa (link opens in a new window)

Categories
Finance
Tags
digital finance, emerging markets, mobile money, savings