Pendum

The popularity of mobile phones and plastic for financial transactions is rising in Kenya, while the use of ATMs is falling. But that's not the whole story: The total value of ATM transactions has actually grown in the past year by more than 12 percent.

An article by Business Daily Africa quoted data from the Central Bank of Kenya, including the fact that the number of ATMs and ATM cards had increased modestly since 2010, from 2,217 to 2,311 (about 4 percent) and from 1.35 million to 1.47 million (about 9 percent) respectively.

George Nyamao, KCB Group senior manager for ATM services told Business Daily Africa that Kenya is still heavily cash based, so ATM use would never be eliminated. "The usage of ATMs will continue to rise in the short run, with an expected stagnation at some stage as direct electronic transfers become more popular," he said.

Nyamao said many banks were adding services to increase the utility of their machines. 

For more on this topic, visit the trends/statistics research center.

Related Content

User Comments – Give us your opinion!
Products & Services

iDynamo Secure Card Reader Authenticator

http://global.networldalliance.com/new/images/products/4295.png

4295/iDynamo-Secure-Card-Reader-Authenticator

TMD Security Pack DIP: Anti-skimming with integrated Skimming …

http://global.networldalliance.com/new/images/products/6209.png

6209/TMD-Security-Pack-DIP-Anti-skimming-with-integrated-Skimming-Device-Detection-and-Tilt-and-Vibration-Protection

Self Service Experts

http://global.networldalliance.com/new/images/products/Phoenix_SS.jpg

807/Self-Service-Experts

V2000 M2M Router - Powerful Wireless Connectivity

http://global.networldalliance.com/new/images/products/4377.png

4377/V2000-M2M-Router-Powerful-Wireless-Connectivity

Serve Versatile Demands—Full function Lobby ATM H38NL

http://global.networldalliance.com/new/images/products/3736.png

3736/Serve-Versatile-Demands-Full-function-Lobby-ATM-H38NL

NCR Branch Transformation Solutions

http://global.networldalliance.com/new/images/products/5003.png

5003/NCR-Branch-Transformation-Solutions

Competent Field Service Support

http://global.networldalliance.com/new/images/products/4382.png

4382/Competent-Field-Service-Support

KAL Advanced Functionality ATM Solutions

http://global.networldalliance.com/new/images/products/KAL_Logo_SF100.gif

1226/KAL-Advanced-Functionality-ATM-Solutions

MoneyPass Surcharge-Free Network

http://global.networldalliance.com/new/images/products/moneypass.jpg

710/MoneyPass-Surcharge-Free-Network

ATM Canopies & Buildings

http://global.networldalliance.com/new/images/products/1079.png

1079/ATM-Canopies-Buildings

Media Kit
Request Information From Suppliers
Save time looking for suppliers. Complete this form to submit a Request for Information to our entire network of partners.