The number of banking transactions undertaken through bank agents in Kenya increased to roughly 158 million in 2022, a slight increase in comparison to the previous year. The report mentions the increase in total transactions was mainly as a result of increases in transactions relation to cash withdrawals, payment of bills and other types of general transactions. Agency banking allows commercial banks to contract third parties to offer financial products and services on their behalf. Traditional banks could, therefore, extend their network without the need of increasing the number of branches.
Volume of transactions undertaken through agency banking in Kenya from 2012 to 2022
(in millions)
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Central Bank of Kenya. (May 15, 2023). Volume of transactions undertaken through agency banking in Kenya from 2012 to 2022 (in millions) [Graph]. In Statista. Retrieved November 03, 2024, from https://www.statista.com/statistics/1232300/number-of-agency-banking-transactions-in-kenya/
Central Bank of Kenya. "Volume of transactions undertaken through agency banking in Kenya from 2012 to 2022 (in millions)." Chart. May 15, 2023. Statista. Accessed November 03, 2024. https://www.statista.com/statistics/1232300/number-of-agency-banking-transactions-in-kenya/
Central Bank of Kenya. (2023). Volume of transactions undertaken through agency banking in Kenya from 2012 to 2022 (in millions). Statista. Statista Inc.. Accessed: November 03, 2024. https://www.statista.com/statistics/1232300/number-of-agency-banking-transactions-in-kenya/
Central Bank of Kenya. "Volume of Transactions Undertaken through Agency Banking in Kenya from 2012 to 2022 (in Millions)." Statista, Statista Inc., 15 May 2023, https://www.statista.com/statistics/1232300/number-of-agency-banking-transactions-in-kenya/
Central Bank of Kenya, Volume of transactions undertaken through agency banking in Kenya from 2012 to 2022 (in millions) Statista, https://www.statista.com/statistics/1232300/number-of-agency-banking-transactions-in-kenya/ (last visited November 03, 2024)
Volume of transactions undertaken through agency banking in Kenya from 2012 to 2022 (in millions) [Graph], Central Bank of Kenya, May 15, 2023. [Online]. Available: https://www.statista.com/statistics/1232300/number-of-agency-banking-transactions-in-kenya/
