Digital finance must move beyond access to deliver resilience

Kenya’s digital finance boom faces a new test as rising costs expose a shift from inclusion to financial resilience.

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Kenya’s digital finance story is often celebrated as a global benchmark for inclusion, and rightly so. Over the past decade, mobile money and digital financial services have brought millions into the formal financial fold.

According to the Central Bank of Kenya, over 80 percent of adults now have access to formal financial services, while data from the Communications Authority of Kenya shows mobile penetration exceeding 130 percent, with tens of millions of active mobile money accounts driving daily economic activity.

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Note: The results are not exact but very close to the actual.