Mobile banking industry in Kenya to reach USD 68.2 B by 2024

reogma|Mobile banking industry in Kenya to reach USD 68.2 B by 2024

Mobile Banking Industry in Kenya was valued at USD 38.5 billion in 2018 and is expected to grow at the CAGR of 10% within the forecasted time period of 2019-2024. It will reach USD 68.2 billion by 2024.

  • Definition / Scope
  • Market Overview
  • Market Risks
  • Top Market Opportunities
  • Market Drivers
  • Market Restraints
  • Industry Challenges
  • Pricing Trends
  • Regulatory Trends
  • Market Size and Forecast
  • Market Outlook
  • Key Market Players
  • Strategic Conclusion
  • References

Definition / Scope

Mobile Banking is the use of the electronic mobile device for banking and financial services provided by banks and microfinance. The mobile based banking services includes cash deposit, cash withdraw, money transfer, bill payment, buying insurance, loan products, and balance enquiry.

It is the convenient method of managing money usually done through SMS as simple text messaging interface and mobile internet as web-based interface. It facilitates the use of bank virtually anytime flexibly in any location by using electronic data interchange for automatic processing.

Kenya is one of the leading country in mobile banking services.The leading mobile banking system are Orange, Airtel, Mobikash, Tangaza Pesa, Equity Bank. In this context, the most commomly used banks with mobile banking services are as follows:

reogma|Mobile banking industry in Kenya to reach USD 68.2 B by 2024


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Mobile Banking Industry in Kenya was valued at USD 38.5 billion in 2018 and is expected to grow at the CAGR of 10% within the forecasted time period of 2019-2024. It will reach USD 68.2 billion by 2024. Definition / Scope Market Overview Market Risks Top Market Opportunities Market Drivers […]
reogma|Mobile banking industry in Kenya to reach USD 68.2 B by 2024reogma|Mobile banking industry in Kenya to reach USD 68.2 B by 2024

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