Enabling Mobile Money Policies in Kenya: Fostering a Digital Financial Revolution

This case study traces the early stages of mobile money development in Kenya, from its conceptualisation to the design and codification of a suitable regulatory model, showing that by creating an enabling regulatory environment and nurturing new technologies such as mobile money, regulators can be agents of change for financial inclusion. It also explores current issues and the future outlook of mobile money in Kenya. More significantly, this publication demonstrates that mobile money has not only been a catalyst for financial inclusion—it has also stimulated the development of the digital ecosystem in Kenya.