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Kenya

Kenya mobile money

Scheme name: Kenya mobile money

IIPS Type: Mobile money

Inclusivity level: Not ranked

Year of establishment: 2018

System owner: None (bilateral agreements)

Overseer: Central Bank of Kenya and Communications Authority Kenya

Operator: None (bilateral agreements between EMIs)

Total Participants: 3

Volumes 2022: 9,932,247,314

Values 2022: 96,551,482,669 USD

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CategoryKenya mobile money
Geographic reachDomestic
Geographic descriptionKenya
Scheme governanceNone (bilateral agreements between EMIs)
Settlement agentCentral Bank of Kenya
Participants - commercial banks0
Participants - MMOs3
Participants - non-bank PSPs0
Participants - MFIs0
Volumes 20182,908,790,000
Volumes 20193,136,043,771
Volumes 20204,666,033,096
Volumes 20217,134,935,670
Values 201866,469,992,156 USD
Values 201968,792,651,479 USD
Values 202050,094,059,179 USD
Values 202175,876,471,443 USD
GNI108,691,240,331
GNI (%)89%
% off-us transactions
Interoperability arrangementMultilateral
Ownership modelParticipant-owned
Governance TypologyPrivate association
Messaging standardN/A
Types of proxy IDsMobile number; QR code
Use of open APIsN/A
QR code standard N/A
Pro-poor governanceYes
CB governance involvementNo
Expanded use CasesNo
Minimum channel functionalityYes
Minimum use case functionalityNo
All licensed PSPs can participate (all-to-all interoperability)No
RecourseNo
Not-for-lossNo
TSP partners N/A
Start-up funding (US$ million) N/A

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