Often referred to as fintech, financial technology has, in modern times, increasingly become a fundamental part of the global fiscal ecosystem, with Kenya emerging as a world leader in mobile money and home to perhaps the world’s most well-known example of fintech-based solutions – M-Pesa.
The share of the adult population in the country with an account in the dominant mobile money platform, data shows, is well above 60 percent, underscoring the remarkable feat that the Safaricom-owned business has achieved over the years.
