“Kenya has always been referred as Silicon Savannah in African continent. Adoption and extensive use of fintech for financial transactions in the economy is robust fuelled by the among other players successes of the mobile money.
It has been observed in the period that 209 Regulated SACCOs adopted the use of the USSD code while 109 Regulated SACCOs have adopted internet based financial services as alternative delivery channels. Further some SACCOs leveraging on technology are revaluating their expansion strategies through agents. During the period under review 36 SACCOs adopted this strategy transacting over Kshs. 26 Billion through the agencies. It’s expected that this trend is likely to accelerate in the near future driven by the incentive for ease of access, efficiency and cost reduction.” SASRA REPORT
