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Kenya Mobile Money Market Report 2019-2024: Transaction Value is Expected to Account for Approx US$ 174 Billion - ResearchAndMarkets.com

August 26, 2019

DUBLIN--(BUSINESS WIRE)--Aug 26, 2019--

The “Kenya Mobile Money Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024” report has been added to ResearchAndMarkets.com’s offering.

The Kenya mobile money industry reached a transaction value of nearly US$ 40 Billion in 2018.

Mobile money is an innovative payment service that is operated under financial regulations and performed using a mobile device, offering simple person-to-person money transfer rather than complex banking transactions. It is an easy, secure, fast and affordable way of making payment.

Kenya is the second largest market for mobile money in Africa. Increasing adoption of mobile payment by major economic sectors in Kenya such as agriculture, health, retail and wholesale has supported the growth of mobile money industry in the country. Moreover, M-Pesa had launched mobile money services which included financial transactions such as deposit and withdrawal of money, transfer money, pay bills, etc.

This initiative by M-Pesa has further boosted the mobile financial services market in Kenya. The popularity of mobile money is currently increasing among businesses in the country. It is largely being used for peer to peer transfer, cash transfer and purchasing goods and services. A large number of businesses and persons are using mobile money platform as a primary account for financial transactions. Various other factors driving the mobile money market in Kenya are increasing use of smart phones, rising internet penetration, lack of access to formal banking and increasing financial inclusion.

The market to reach a transaction value of around US$ 174 Billion by 2024, growing at a CAGR of around 27% during 2019-2024.

Key Questions Answered in This Report:

Key Topics Covered:

1 Preface

2 Scope and Methodology

2.1 Objectives of the Study

2.2 Stakeholders

2.3 Data Sources

2.4 Market Estimation

2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

4.1 Overview

4.2 Key Industry Trends

5 Kenya Mobile Money Market

5.1 Market Overview

5.2 Market Performance

5.3 Market Breakup by Technology

5.4 Market Breakup by Business Model

5.5 Market Breakup by Transaction Type

5.6 Market Forecast

5.7 SWOT Analysis

5.7.1 Overview

5.7.2 Strengths

5.7.3 Weaknesses

5.7.4 Opportunities

5.7.5 Threats

5.8 Value Chain Analysis

5.9 Porters Five Forces Analysis

5.9.1 Overview

5.9.2 Bargaining Power of Buyers

5.9.3 Bargaining Power of Suppliers

5.9.4 Degree of Competition

5.9.5 Threat of New Entrants

5.9.6 Threat of Substitutes

6 Market Breakup by Technology

6.1 USSD

6.2 Mobile Wallet

6.3 Others

7 Market Breakup by Business Model

7.1 Mobile Led Model

7.2 Bank Led Model

8 Market Breakup by Transaction Type

8.1 Peer to Peer

8.2 Bill Payments

8.3 Airtime Top-ups

8.4 Others

9 Regulatory Framework

10 Competitive Landscape

10.1 Market Structure

10.2 Key Players

10.3 Profile of Key Players

10.3.1 M-Pesa

10.3.2 Equitel Money

10.3.3 Mobikash

10.3.4 Airtel Money

For more information about this report visit https://www.researchandmarkets.com/r/ffd8jo

View source version on businesswire.com:https://www.businesswire.com/news/home/20190826005491/en/

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KEYWORD: KENYA AFRICA

INDUSTRY KEYWORD: BANKING PROFESSIONAL SERVICES TECHNOLOGY MOBILE/WIRELESS

SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 08/26/2019 11:50 AM/DISC: 08/26/2019 11:50 AM

http://www.businesswire.com/news/home/20190826005491/en

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