Kenya Mobile Money
- Geographic Reach
Kenya
- Gender
Yes
- Geographic Region
East Africa
- Coverage
Domestic
- Year Of Establishment
2018
- IPS Type
Mobile-money
- Interoperability Arrangement
Bilateral
- Governance Typology
Industry led
- Ownership Model
Participant-owned
- System Owner
PSP
- Overseer
Central Bank of Kenya
- System Governance
PSP
- Operator
PSP
- Settlement Agent
Commercial Bank
- Number of Unique IPS End Users
-
- Total Number Of Participants
-
- Number of Direct Participants: Commercial Banks
-
- Number Of Direct Participants: E-money Issuers
-
- Number of Direct Participants: MFIs
-
- Number of Direct Participants: Other
-
- Number of Direct Participants: Post Office
-
- Indirect Participants Type
-
- Number of Indirect Participants
-
- Supported Use Cases
P2P, P2B , B2P, Cross border
- Supported Instruments
E-money, Card
- Primary Local Channel
USSD
- Supported Channels
USSD, Agent (e-money), App, Browser, QR Code, ATM
- QR Code Enabled Type
Both
- Messaging Standard
ISO 8583, Proprietary
- Proxy ID
Mobile phone number, QR code
- Other Proxy ID Type
-
- Business Model
For-profit
- Pricing Structure
Price Tariff variable on transaction Bands for payments
- Scheme Rules Public
No scheme rules in place
- Additional Recourse Requirements
No
- Dispute Resolution Mechanism
Yes
- API Functionality
Yes
- Startup Funding Source
Shareholder funding/private equity
- Participation in Decision Making
No
- Mechanism for Decision Making
-
- Ability to become Direct Participants
No
- Entities that cannot Participate
-
- Min Value for Transactions
KES 1,KES 10 depending with the PSP
- Corporate Structure
Private limited company, Public listed company
- Other Corporate Structure
-
- Pull Payment (Request to Pay) Enabled
Yes
- Third Party Connections Enabled
Yes
- realTimePaymentConfirmation
Yes
- Transaction Validation Enabled
Yes
- Inclusivity Ranking
Basic