February 8

Kenya: Women Pay More to Access Mobile Money Services

Kenyan women are paying almost twice as much as their male counterparts to access mobile money services, according to a new report.

Data released by British digital payments research firm Caribou Data shows the multiple ways in which women play second fiddle in the utility of Safaricom’s fintech products, M-Pesa, M-Shwari and Fuliza.

According to the report, Payments System Design and the Financial Inclusion Gender Gap, the study conducted in major towns across the country shows a strong gender bias in transaction fees, with women paying about Sh11 per peer-to-peer transaction, compared with Sh7 for men, on average.

Photo courtesy of klndonnelly.

Source: allAfrica (link opens in a new window)

Impact Assessment, Telecommunications
financial inclusion, fintech