In March 2021, over 60 percent of micro and small enterprises in Kenya used mobile money for business transactions. The share slightly increased from 59 percent in February 2020. A huge shift in the use of mobile money by small businesses was measured, however, between 2018 and 2020, even before the coronavirus (COVID-19) pandemic. In November 2018, only 18 percent of micro and small enterprises used mobile payments in Kenya.
Percentage of micro and small enterprises (MSEs) using mobile money for business transactions in Kenya from 2018 to 2021
Characteristic
Share of businesses
-
-
-
-
-
-
Exclusive Premium Statistic
To access all Premium Statistics, you need a paid Statista Account
November 30 to December 14, 2020; and March 15 to 26, 2021
Number of respondents
603 and 442 business owners*
Method of interview
Computer-assisted telephone interviews (CATI)
Supplementary notes
* The survey was conducted over two waves. According to the source, "to track the progress of businesses in the sample, the wave two survey went back to the 603 businesses owners that were active in February 2020 and attempted to re-interview them in March 2021. In wave two, only 492 businesses could be traced from the
original wave one sample of 603, and 442 business owners agreed to
participate and completed the interview".
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Central Bank of Kenya. (June 25, 2021). Percentage of micro and small enterprises (MSEs) using mobile money for business transactions in Kenya from 2018 to 2021 [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1249097/usage-of-mobile-money-by-micro-and-small-businesses-in-kenya/
Central Bank of Kenya. "Percentage of micro and small enterprises (MSEs) using mobile money for business transactions in Kenya from 2018 to 2021." Chart. June 25, 2021. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1249097/usage-of-mobile-money-by-micro-and-small-businesses-in-kenya/
Central Bank of Kenya. (2021). Percentage of micro and small enterprises (MSEs) using mobile money for business transactions in Kenya from 2018 to 2021. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1249097/usage-of-mobile-money-by-micro-and-small-businesses-in-kenya/
Central Bank of Kenya. "Percentage of Micro and Small Enterprises (Mses) Using Mobile Money for Business Transactions in Kenya from 2018 to 2021." Statista, Statista Inc., 25 Jun 2021, https://www.statista.com/statistics/1249097/usage-of-mobile-money-by-micro-and-small-businesses-in-kenya/
Central Bank of Kenya, Percentage of micro and small enterprises (MSEs) using mobile money for business transactions in Kenya from 2018 to 2021 Statista, https://www.statista.com/statistics/1249097/usage-of-mobile-money-by-micro-and-small-businesses-in-kenya/ (last visited July 22, 2024)
Percentage of micro and small enterprises (MSEs) using mobile money for business transactions in Kenya from 2018 to 2021 [Graph], Central Bank of Kenya, June 25, 2021. [Online]. Available: https://www.statista.com/statistics/1249097/usage-of-mobile-money-by-micro-and-small-businesses-in-kenya/
