A segmentation study to identify Kenyans whose financial needs are not adequately met by the solutions available in the financial market, and the untapped opportunities they offer to financial service providers. Overview Over the past two decades, Kenya has made significant strides in financial inclusion. According to the 2019 FinAccess household survey, 80% of Kenyan […]
Kenya has been feted around the world for its achievements in advancing financial inclusion. And the speed at which access to the formal financial system has advanced has certainly been exceptional. The development of a near ubiquitous mobile phone-based payments system provided the foundations for a further round of fintech innovation. Nairobi has become the […]
Starting with microcredit in the late 1980s, there has been a growing movement of multilateral institutions, private foundations, non-profits, corporations and governments that aims to provide formal financial services to low-income market segments around the world. This movement is largely motivated by the conviction that access to financial services reduces poverty. Over time, the focus […]
The 2019 Finaccess household survey is the fifth in a series of surveys that measure drivers and usage of financial services in Kenya. The presentation was made by Mr. Daniel Tallam, Assistant Director of the Financial Stability and Access Division at the Central Bank of Kenya.
Whether it's government records, bank account data, or web browser activity, providing consumers with the ability to access and share their digital identity and records could increase competition and innovation by letting financial service providers better target and price products to consumers.