Innovation and Financial Inclusion in Kenya Innovation and Financial Inclusion in Kenya-Reference-Cited by-同舟云学术

Innovation and Financial Inclusion in Kenya Innovation and Financial Inclusion in Kenya

Published:2020 Issue: Volume: Page:644-660
ISSN:
Container-title:Disruptive Technology
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Short-container-title:

Author:

Omanga Josphat Njuguna¹,Dreyer Johannes Kabderian¹

Affiliation:

1. Roskilde University, Denmark

Abstract

This chapter analyzes the role of financial innovation and mobile phone technologies to financial inclusion in Kenya. In order to do so, a case study on M-PESA is conducted, the leading mobile service of money transfers in Africa, which is offered by Safaricom. M-PESA services are cheap and easy to use in comparison to other formal and informal providers of financial services. It solves two different problems in Kenya: customers do not have to travel anymore long distances to reach financial services and more people can afford them. As result and in line with the literature, this chapter suggests that M-PESA services can be considered a type of disruptive innovation that promotes financial inclusion and wealth growth in Kenya.

Publisher

IGI Global

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