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
Characteristic
Share of businesses
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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 July 22, 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 July 22, 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: July 22, 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 July 22, 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/
