M-Pesa

• How many active mobile SIM subscriptions were in Kenya in March 2023?

  66.1 million
• What was the mobile penetration rate in Kenya in March 2023?

  130.5%
• By how much did the mobile penetration rate drop from the previous quarter?

  2.6%
• What are the reasons for increased mobile phone usage in African countries?

  • Rising wealth allows more people to afford phones
  • Better technology enhances phone utility
  • Mobile phones require less infrastructure than landlines
  • Cheaper to run than landlines
  • Realization of benefits from mobile phones
• What percentage of Kenya's GDP is sent through M-Pesa annually?

  One third
• What are some uses of M-Pesa in Kenya?

  Paying utility bills and school fees
• How do rural areas in Kenya utilize M-Pesa?

  To check market prices before selling
• How do women in Kenya benefit from M-Pesa?

  To prove credit rating for microloans
• How has ICT and Communication reduced obstacles to economic growth for developing countries?

  • Increased mobile phone accessibility
  • Enhanced communication capabilities
  • Lowered infrastructure costs
  • Improved financial inclusion
  • Facilitated market access for rural populations
• What is the significance of M-Pesa in the context of globalization and poverty reduction?

  It facilitates financial transactions and access
• What role does M-Pesa play in the Kenyan economy?

  It supports a significant portion of GDP
• What factors have contributed to the success of M-Pesa in Kenya?

  • High mobile penetration rate
  • Trust in mobile money systems
  • Government support and regulation
  • User-friendly technology
  • Widespread agent network