Kenya has been ranked the top country for the third consecutive year in a survey on financial and digital inclusion by a US-based public institution, helped by the wide adoption of mobile money in the local economy.

Brookings Institution’s Centre for Technology Innovation, a non-profit organisation based in Washington DC, in its latest report positioned Kenya at the top of its Financial and Digital Inclusion Program (FDIP) scorecard in a survey of 26 countries across the world.

“For the third year in a row, Kenya ranked at the top of the FDIP scorecard, driven by its robust commitment to advancing financial inclusion, widespread adoption of mobile money services among traditionally underserved groups, an increasingly broad range of mobile money services (including insurance and loan products), and an enabling regulatory environment for digital financial services,” the report stated.

“In addition to Kenya, the other top-scoring countries were distributed across Latin America and Sub-Saharan Africa: Brazil and Mexico tied for second place, and Colombia, South Africa, and Uganda tied for third.”

Kenya has been ranked the top country for the third consecutive year in a survey on financial and digital inclusion by a US-based public institution, helped by the wide adoption of mobile money in the local economy.

Brookings Institution’s Centre for Technology Innovation, a non-profit organisation based in Washington DC, in its latest report positioned Kenya at the top of its Financial and Digital Inclusion Program (FDIP) scorecard in a survey of 26 countries across the world.

“For the third year in a row, Kenya ranked at the top of the FDIP scorecard, driven by its robust commitment to advancing financial inclusion, widespread adoption of mobile money services among traditionally underserved groups, an increasingly broad range of mobile money services (including insurance and loan products), and an enabling regulatory environment for digital financial services,” the report stated.

“In addition to Kenya, the other top-scoring countries were distributed across Latin America and Sub-Saharan Africa: Brazil and Mexico tied for second place, and Colombia, South Africa, and Uganda tied for third.”