Watch out M-Pesa, Equity Bank wants to transform mobile money in Kenya

Could M-Pesa, that has dominated the mobile money market in Kenya, be in for stiff competition?

Kenya is a regional leader in access and use of financial services, with 77% of the population living within 5km of a commercial bank or mobile money agent, according to a recent report published by Kenya Financial Sector Deepening. Of the total number of financial access points, “mobile money agents represent 75%”, a statistic partly explained by the success of M-Pesa.

Read more: Watch out M-Pesa, Equity Bank wants to transform mobile money in Kenya | Global Development Professionals Network | Guardian Professional.

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