Africa Fintech (NG/KE/EG)
Kenya is Africa's mobile-money benchmark: KES 667.77 billion moved through mobile money in June 2025 and 52.6% of adults used it daily in 2024 (Central Bank of Kenya). In Nigeria, only 4.96% of adults paid a merchant online (World Bank Findex, 2024).
20 verified facts tracked for this market — each with its source, reporting period and evidence tier. Tier 1 = primary institutions (central banks, statistical offices); tier 2 = disclosed industry panels.
| Metric | Value | Geo | Period | Tier | Source |
|---|---|---|---|---|---|
| Mobile money subscriptions, Kenya, year-on-year growth | 13.2percent | KE | 2026-Q2 | T1 | ca.go.ke |
| Mobile money subscriptions per registered agent, Kenya | 95.00subscriptions per agent | KE | 2026-Q2 | T1 | ca.go.ke |
| Smartphones connected to mobile networks, Kenya | 50175502devices | KE | 2026-Q1 | T1 | ca.go.ke |
| Feature phones connected to mobile networks, Kenya | 28534230devices | KE | 2026-Q1 | T1 | ca.go.ke |
| Active mobile money agents, Kenya | 575400agents | KE | 2026-07 | T1 | centralbank.go.ke |
| Diaspora remittance inflows through formal channels, Kenya | 435495.64USD thousand | KE | 2025-12 | T1 | centralbank.go.ke |
| Monthly value moved through mobile money, Kenya | 667.77KES billion/month | KE | 2025-06 | T1 | centralbank.go.ke |
| Mobile money users, Kenya (CBK consolidated mobile transactions) | 84.20million users | KE | 2025-06 | T1 | centralbank.go.ke |
| Mobile money agents, Kenya (CBK consolidated mobile transactions) | 433615agents | KE | 2025-06 | T1 | centralbank.go.ke |
| Adults who received a loan using a mobile phone, Kenya | 21.02percent | KE | 2024 | T1 | data.worldbank.org |
| Unbanked adults citing bank/financial institution too far away as reason for no account, Nigeria | 19.49percent | NG | 2024 | T1 | data.worldbank.org |
| Mobile money holders who would also like to open a bank account | 22.06percent | KE | 2024 | T1 | data.worldbank.org |
| Can change PIN or password on phone without help, all adults, Kenya | 57.40percent | KE | 2024 | T1 | api.worldbank.org |
| Nigeria adults who made a digital online merchant payment for an online purchase | 4.96percent of adults age 15+ | NG | 2024 | T1 | data.worldbank.org |
| South Africa adults who made or received a digital payment, World Bank Global Findex | 67.17% of population age 15+ | ZA | 2024 | T1 | data.worldbank.org |
| Adults with no account citing lack of necessary documentation, Nigeria | 16.16percent | NG | 2024 | T1 | data.worldbank.org |
| Adults who saved money using a mobile money account | 50.47percent | KE | 2024 | T1 | data.worldbank.org |
| Nigeria adults who borrowed from family or friends | 55.22percent of adults age 15+ | NG | 2024 | T1 | data.worldbank.org |
| Adults using mobile money daily, Kenya | 52.6percent | KE | 2024 | T1 | centralbank.go.ke |
| Adults using credit, Kenya | 64.0percent | KE | 2024 | T1 | centralbank.go.ke |
Connected markets
Same vertical, other geographies
- Caucasus & Central Asia Fintech · 20 facts
- China Fintech & Payments · 20 facts
- Turkey Fintech · 20 facts
- Hungary fintech · 20 facts
- Indonesia fintech · 20 facts
- Israel Fintech & Crypto · 20 facts
Related benchmarks
How big is a typical seed or Series A round, and how many startups make it to the next one?
Startup Round Sizes by Stage 2026: Seed and Series A Medians by Ecosystem
Are instant payments replacing cash infrastructure?
Instant Payments vs ATMs
How digital is India's financial life, really?
India Fintech in Numbers
Building in this market?
Validate your idea against this data inside God of Startups. Your idea is checked against the market, never shared with it.