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
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Central Bank of Kenya. (April 1, 2019). Distribution of payment channels used by businesses in Kenya as of 2018 [Graph]. In Statista. Retrieved January 23, 2025, from https://www.statista.com/statistics/1232894/main-payment-channels-used-by-businesses-in-kenya/?__sso_cookie_checker=failed
Central Bank of Kenya. "Distribution of payment channels used by businesses in Kenya as of 2018." Chart. April 1, 2019. Statista. Accessed January 23, 2025. https://www.statista.com/statistics/1232894/main-payment-channels-used-by-businesses-in-kenya/?__sso_cookie_checker=failed
Central Bank of Kenya. (2019). Distribution of payment channels used by businesses in Kenya as of 2018. Statista. Statista Inc.. Accessed: January 23, 2025. https://www.statista.com/statistics/1232894/main-payment-channels-used-by-businesses-in-kenya/?__sso_cookie_checker=failed
Central Bank of Kenya. "Distribution of Payment Channels Used by Businesses in Kenya as of 2018." Statista, Statista Inc., 1 Apr 2019, https://www.statista.com/statistics/1232894/main-payment-channels-used-by-businesses-in-kenya/?__sso_cookie_checker=failed
Central Bank of Kenya, Distribution of payment channels used by businesses in Kenya as of 2018 Statista, https://www.statista.com/statistics/1232894/main-payment-channels-used-by-businesses-in-kenya/?__sso_cookie_checker=failed (last visited January 23, 2025)
Distribution of payment channels used by businesses in Kenya as of 2018 [Graph], Central Bank of Kenya, April 1, 2019. [Online]. Available: https://www.statista.com/statistics/1232894/main-payment-channels-used-by-businesses-in-kenya/?__sso_cookie_checker=failed
