January 17, 2016 IBOMLLC Team

Mobile payments in Kenya and travel industry

Innov8tiv
Innov8tiv – Blacks In Technology in USA, UK, Caribbean Islands & Africa

The advent of Mobile Money Transfer marked the transformation of economic interaction. The success of mobile money transfer systems reshaped Kenya’s banking sector and led to the financial inclusion of 20M people. One of the leading African travel companies, a hotel booking website Jovago.com, gives an insight into how mobile payments ease people’s lives in the travel industry.

According to Central Bank of Kenya, the key statistics for 2014 on mobile money transfer show that over 60% of the adult population are using mobile money transfer. This translates to around 26 million Kenyans who actively use this mode of payment.

It is worth noting that this concept has gained ground in the travel industry. In the past, cash payments was dominantly the preferred choice this has been overtaken. Local tourists in Kenya can pay for their hotel bookings through Mpesa. It is an easy process with no major complications adding to the simplicity of mobile money transfer. Many companies, like Jovago for instance, gives you the option to use your M-Pesa when making bookings. The way it works is simple. Once …read more

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