Consultative Group to Assist the Poor (CGAP) News

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

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

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.