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Main payment methods used by businesses in Kenya 2018

Published by
Natalie Cowling,
Sep 22, 2023
Cash was widely used as a payment channel by businesses in Kenya. According to a survey conducted in 2018, 94 percent of respondents reported using cash money as the main payment method. Mobile money was the second most preferred instrument, cited by 3.7 percent of respondents.

Distribution of payment channels used by businesses in Kenya as of 2018

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Release date

April 2019

Region

Kenya

Survey time period

October 1 to December 15, 2018

Number of respondents

8,669 households

Age group

16 years and older

Method of interview

Computer-assisted personal interviews (CAPI)

Supplementary notes

* Refers to payment in form of a service or product but not in cash.

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