How a cashless approach builds trust and efficiency in businesses
By Nzola Miranda NAIROBI, Kenya, July 28 - There was a time when cash was king. But that kingdom is quickly fading, and in its place stands a new order Kenya breaking news | Kenya news today |..
✨ Key Highlights
Kenya is rapidly transitioning to a cashless economy, driven by the widespread adoption of mobile money and digital payment systems. This shift is enhancing trust, efficiency, and financial inclusion for businesses and consumers across the country.
- 45.36 million mobile money subscriptions by March 2025, representing nearly 80 percent of Kenya's adult population.
- Key organizations involved include Safaricom (with M-PESA), Visa, Mastercard, and MultiChoice Kenya.
- MultiChoice Kenya recently announced a full embrace of a cashless system to improve customer experience and streamline operations.
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Developments in Kenya's Technology and Manufacturing Sectors - July 2025
Kenya is set to host the first-ever Pan-African Artificial Intelligence Conference (AIPAC 2025) in Mombasa from August 25-28, aiming to position the country at the forefront of global AI conversations. This comes as Kenyan technical colleges have developed the capacity to produce vehicle components meeting industry standards, opening doors for partnerships with global automotive manufacturers and positioning Kenya as a regional manufacturing hub. Furthermore, Kenya is rapidly transitioning to a cashless economy, driven by the widespread adoption of mobile money and digital payment systems, enhancing trust, efficiency, and financial inclusion for businesses and consumers.
