13/05/2026
Financial Inclusion Has Already Been Rewritten
Kenya’s financial ecosystem has quietly restructured itself — and the bank branch is no longer at the centre of it. Mobile money stands at 87% usage, while mobile banking holds 79%. Even with minor fluctuations over time, both remain structurally ahead of every other financial service. Meanwhile, savings accounts are growing steadily, signalling that formal banking is expanding — but beneath digital rails, not above them. Cards, internet banking and traditional lending remain far less embedded in daily behaviour. The consumer hasn’t merely adopted digital access. They’ve institutionalised it — and the handset, not the branch, now anchors the financial system.