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Distribution of service providers preferred by Kenyans living abroad to send cash remittances to Kenya in 2021

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Source

Release date

2022

Region

Kenya

Survey time period

March 19 and May 17, 2021

Number of respondents

1,321 respondents

Supplementary notes

According to the source, a remittance is money sent by a person in a foreign land to his or her home country. The Central Bank of Kenya conducts a survey on remittance inflows every month through formal channels that include commercial banks and other authorized international remittances service providers in Kenya.

Citation formats

Most preferred providers to send remittances to Kenya 2021

Published by ÌÇÐÄÆƽâ°æ Research Department, Mar 25, 2022
M-Pesa/Safaricom ranked as the most preferred service provider by Kenyans living abroad to send money back home in 2021. According to the survey, ** percent of respondents favored the provider, while ** percent preferred banks. Kenyans living abroad sent home around *** billion U.S. dollars in remittances as of 2021.
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