openPR Logo
Press release

Kenya Mobile Money Market Share, Growth, Demand and Analysis 2022-2027

08-18-2022 10:30 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Imarc Group

Kenya Mobile Money Market Share, Growth, Demand and Analysis

According to the latest report by IMARC Group, titled "Kenya Mobile Money Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" The Kenya mobile money market size reached US$ 89.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 315.8 Billion by 2027, exhibiting a growth rate (CAGR) of 20.46% during 2022-2027.

Mobile money refers to an innovative payment service that is performed under financial regulations and conducted using a mobile device, offering simple person-to-person fund transfers rather than complex banking transactions. It is a secure, easy, fast, and affordable way of making payments. Mobile money can be of various types, such as M-Pesa, equitel inc, mobikash Afrika limited, airtel money, etc. It allows people to receive, store, and spend money using a smartphone.

COVID-19 Impact:

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Get a Free Sample Copy of this Report: https://www.imarcgroup.com/kenya-mobile-money-market/requestsample

Kenya Mobile Money Market Trends:

The escalating demand for this payment method by major economic sectors, including health, retail, agriculture, and wholesale, is among the primary factors driving the Kenya mobile money market. Besides this, the launch of several monetary benefits by the leading players, such as deposit and withdrawal, transfer of funds, paying bills, etc., is further augmenting the market growth. Moreover, the growing popularity of mobile money for peer-to-peer transfer, cash change, and purchasing goods and services is also catalyzing the market across Kenya. Apart from this, the inflating usage of smartphones, rising internet penetration, and lack of access to formal banking are acting as significant growth-inducing factors. Furthermore, various financial services are offered through this platform, including microloans, insurance, and hospitalization covers, which is expected to bolster the Kenya mobile money market in the coming years.

Competitive Landscape With Key Players:

The competitive landscape of the Kenya Mobile Money Market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

• M-Pesa (Vodafone Group)
• Equitel Inc.
• MobiKash Afrika Limited
• Airtel Money

Key Market Segmentation:

The report has segmented the Kenya Mobile Money Market on the basis of technology, business model, transaction type.

Breakup by Technology:
• USSD
• Mobile Wallets
• Others

Breakup by Business Model:
• Mobile Led Model
• Bank Led Model

Breakup by Transaction Type:
• Peer to Peer
• Bill Payments
• Airtime Top-ups
• Others

Ask Analyst for Customization and Explore Full Report With TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=1446&flag=C

Key Highlights of the Report:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

Uganda mobile money market Report 2022: https://bit.ly/3A2pmEE

Tanzania mobile money market Forecast 2022-2027: https://bit.ly/3CgXvTW

Ghana mobile money market Report 2022-2027: https://bit.ly/3QUJ4Jh

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

Contact US:

IMARC Group
30 N Gould St, Ste R
Sheridan, WY 82801, USA
Website: https://www.imarcgroup.com/
Email: sales@imarcgroup.com
Americas: +1-631-791-1145 | Europe & Africa: +44-753-713-2163 | Asia: +91-120-433-0800

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Kenya Mobile Money Market Share, Growth, Demand and Analysis 2022-2027 here

News-ID: 2708032 • Views:

More Releases from Imarc Group

India Seafood Market Outlook 2025-2033: Key Trends, Size, Share and Growth Insights
India Seafood Market Outlook 2025-2033: Key Trends, Size, Share and Growth Insig …
As indicated in the latest market research report published by IMARC Group, titled "India Seafood Market Report by Type (Fish, Shrimps, Others), Form (Fresh/Chilled, Frozen/Canned, Processed), Distribution Channel (Off Trade, On Trade), and Region 2025-2033," this report provides an in-depth analysis of the industry, featuring insights into the market. It encompasses competitor and regional analyses, as well as recent advancements in the market. Market Size & Future Growth Potential: The India seafood
India Mutual Funds Market: Size, Share, Trends, Growth and Industry Outlook 2025-2033
India Mutual Funds Market: Size, Share, Trends, Growth and Industry Outlook 2025 …
Mutual Funds Market in India 2025: Base Year: 2024 Historical Years: 2019-2024 Forecast Years: 2025-2033 Market Size in 2024: USD 2.50 Billion Market Size in 2033: USD 5.90 Billion Market Growth Rate (CAGR) 2025-2033: 10.03% How Big is the India Mutual Funds Industry? The India mutual funds market size reached USD 2.50 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 5.90 Billion by 2033, exhibiting a growth rate (CAGR) of 10.03% during 2025-2033. Request
Dimethyl Ether Market Valuation to Reach USD 15.73 Billion by 2033 - Industry Expanding at a CAGR of 8.09%
Dimethyl Ether Market Valuation to Reach USD 15.73 Billion by 2033 - Industry Ex …
Market Overview: The dimethyl ether market is experiencing significant growth momentum, driven by increasing demand for cleaner fuel alternatives, expanding applications in various industries, and supportive government policies promoting sustainable energy solutions. According to IMARC Group's latest research publication, "Dimethyl Ether Market Size, Share, Trends and Forecast by Raw Material, Application, End-Use Industry, and Region, 2025-2033", the global dimethyl ether market size reached USD 7.22 Billion in 2024. Looking forward, IMARC
Glucometer Manufacturing Plant Report 2025: Unit Setup, Cost and Requirements, Project Economics
Glucometer Manufacturing Plant Report 2025: Unit Setup, Cost and Requirements, P …
Setting up a glucometer manufacturing plant requires thorough market research alongside a minute understanding of numerous operating factors such as unit processes, purchasing of raw materials, utility supply, infrastructure creation, equipment and technology specifications, human resource planning, logistics, and cash outlay. IMARC Group's report titled "Glucometer Manufacturing Plant Cost Analysis Report 2025: Industry Trends, Plant Setup, Machinery, Raw Materials, Investment Opportunities, Cost and Revenue" offers a comprehensive guide for establishing a

All 5 Releases


More Releases for Kenya

Kenya Geothermal Power Market Report- Major Products and Services | Kenya Electr …
The Kenya Geothermal Power Market research report offers details relating to market introduction, product reach, market overview, market risks, market driver forces. Furthermore, it analyses the top manufacturers of the Kenya Geothermal Power Market by sales, revenue, etc., for the Forecast period 2021 to 2026. Moreover, Kenya Geothermal Power Market report analyses the competitive landscape depending on the highest manufacturer’s revenue, share, sales, and the projected period. Furthermore, Kenya Geothermal
IMF offerings to Kenya
The pandemic situation continues to scare both lives and livelihoods. The healthcare authorities are working hard to protect people from getting exposed to the virus by informing them about cautionary measurements. After the COVID-19 impact, Kenya's economy is getting up slowly. But the pandemic has left deep marks on the financial conditions of the country. As per a native, Jayesh Saini, Nairobi, the IMF staff, and the other authorities led
Kenya: Country Intelligence Report, 2018 By Safaricom, Telkom Kenya, Airtel Keny …
"Kenya: Country Intelligence Report", a new Country Intelligence Report by GlobalData, provides an executive-level overview of the telecommunications market in Kenya today, with detailed forecasts of key indicators up to 2023. Published annually, the report provides detailed analysis of the near-term opportunities, competitive dynamics and evolution of demand by service type and technology/platform across the fixed telephony, broadband and mobile segments, as well as a review of key regulatory trends. The
Savoury Snacks in Kenya
ReportsWeb.com has announced the addition of the “Savoury Snacks in Kenya” The report focuses on global major leading industry players with information such as company profiles, product picture and specification. Kenya benefited from economic growth and rising disposable income levels towards the end of the review period, with these trends in turn resulting in an expanding mid-income group. Sales of savoury snacks are benefiting from these trends, with consumers gaining more
Agrochemicals Market in Kenya
ReportsWorldwide has announced the addition of a new report title Kenya: Agrochemicals: Market Intelligence (2016-2021) to its growing collection of premium market research reports. The report “Kenya: Agrochemicals: Market Intelligence (2016-2021)” provides market intelligence on the different market segments, based on type, active ingredient, formulation, crop, and pest. Market size and forecast (2016-2021) has been provided in terms of both, value (000 USD) and volume (000 KG) in the report. A
KENYA - AIR-TRANSPORT SECTOR ANALYSIS
ReportsWorldwide has announced the addition of a new report title KENYA - AIR-TRANSPORT AUG 2016 to its growing collection of premium market research reports. This report provides a comprehensive industry profile, analysis and outlook of the air- transport in Kenya. Kenya has suffered decrease in passenger arrivals after the series of terrorist attacks that rocked the nation in recent years. This has seriously impacted airlines operating in the country. As of 2016,