Cash was widely used as a payment channel by businesses in Kenya. According to a survey conducted in 2018, 94 percent of respondents reported using cash money as the main payment method. Mobile money was the second most preferred instrument, cited by 3.7 percent of respondents.
Distribution of payment channels used by businesses in Kenya as of 2018
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Central Bank of Kenya. (April 1, 2019). Distribution of payment channels used by businesses in Kenya as of 2018 [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1232894/main-payment-channels-used-by-businesses-in-kenya/
Central Bank of Kenya. "Distribution of payment channels used by businesses in Kenya as of 2018." Chart. April 1, 2019. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1232894/main-payment-channels-used-by-businesses-in-kenya/
Central Bank of Kenya. (2019). Distribution of payment channels used by businesses in Kenya as of 2018. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1232894/main-payment-channels-used-by-businesses-in-kenya/
Central Bank of Kenya. "Distribution of Payment Channels Used by Businesses in Kenya as of 2018." Statista, Statista Inc., 1 Apr 2019, https://www.statista.com/statistics/1232894/main-payment-channels-used-by-businesses-in-kenya/
Central Bank of Kenya, Distribution of payment channels used by businesses in Kenya as of 2018 Statista, https://www.statista.com/statistics/1232894/main-payment-channels-used-by-businesses-in-kenya/ (last visited November 21, 2024)
Distribution of payment channels used by businesses in Kenya as of 2018 [Graph], Central Bank of Kenya, April 1, 2019. [Online]. Available: https://www.statista.com/statistics/1232894/main-payment-channels-used-by-businesses-in-kenya/
