M-Pesa/Safaricom ranked as the most preferred service provider by Kenyans living abroad to send money back home in 2021. According to the survey, 20 percent of respondents favored the provider, while 16 percent preferred banks. Kenyans living abroad sent home around 3.7 billion U.S. dollars in remittances as of 2021.
Distribution of service providers preferred by Kenyans living abroad to send cash remittances to Kenya in 2021
According to the source, a remittance is money sent by a person in a foreign land to his or her home country. The Central Bank of Kenya conducts a survey on remittance inflows every month through formal channels that include commercial banks and other authorized international remittances service providers in Kenya.
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Central Bank of Kenya. (January 26, 2022). Distribution of service providers preferred by Kenyans living abroad to send cash remittances to Kenya in 2021 [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/1298634/most-preferred-providers-to-send-remittances-to-kenya/
Central Bank of Kenya. "Distribution of service providers preferred by Kenyans living abroad to send cash remittances to Kenya in 2021." Chart. January 26, 2022. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/1298634/most-preferred-providers-to-send-remittances-to-kenya/
Central Bank of Kenya. (2022). Distribution of service providers preferred by Kenyans living abroad to send cash remittances to Kenya in 2021. Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/1298634/most-preferred-providers-to-send-remittances-to-kenya/
Central Bank of Kenya. "Distribution of Service Providers Preferred by Kenyans Living Abroad to Send Cash Remittances to Kenya in 2021." Statista, Statista Inc., 26 Jan 2022, https://www.statista.com/statistics/1298634/most-preferred-providers-to-send-remittances-to-kenya/
Central Bank of Kenya, Distribution of service providers preferred by Kenyans living abroad to send cash remittances to Kenya in 2021 Statista, https://www.statista.com/statistics/1298634/most-preferred-providers-to-send-remittances-to-kenya/ (last visited December 22, 2024)
Distribution of service providers preferred by Kenyans living abroad to send cash remittances to Kenya in 2021 [Graph], Central Bank of Kenya, January 26, 2022. [Online]. Available: https://www.statista.com/statistics/1298634/most-preferred-providers-to-send-remittances-to-kenya/
