Payment Solutions in Kenya

Territories - Kenya

Scale Seamlessly in Kenya with Local Payment Solutions

UBank Connect Payment Solutions in Kenya

UBank Connect helps you reach more customers in Kenya by offering seamless mobile money payments like M-Pesa and Airtel, plus local bank transfers—trusted, fast, and built for business growth.

In Kenya, mobile money has become essential for millions, with over 75% of adults using wallets like M-Pesa, processing more than 30 billion transactions annually. This digital shift is transforming how businesses engage customers and manage payments. eCommerce is rapidly growing, expected to hit $3 billion by 2027, driven by secure, convenient digital payments. Although cash remains common, mobile wallets and bank transfers are favored, especially by younger users. Credit and debit cards are also on the rise, supported by banking growth and financial inclusion efforts.

Market Overview

  • Population

    57.5 million

  • Online Population

    27.4 million

  • Currency

    KES

  • e-Commerce Market Value

    $898.7 million

  • GDP

    $331 billion

  • GDP per Capita

    $2,305.31

Available Payment Methods

M-Pesa - Payment Solutions
AirTel - Payment Solutions
Bank Transfer - Payment Solutions | UBank Connect

UBank Connect enables businesses to succeed in Kenya’s rapidly evolving market by offering dependable and smooth payment solutions specifically designed for the country’s distinct financial environment. Our platform makes it easy to accept payments securely and efficiently, no matter where your customers are located, helping you grow with confidence and streamline your operations. Discover how UBank Connect can transform your payment processes and unlock new opportunities in Kenya’s dynamic economy.

Why choose UBank Connect?

  • Direct connection to banks
  • Dedicated bank account(s)
  • Local technology and operations team
  • Flexible and competitive rates
  • Global reach with a single API access
  • Support in emerging markets

Key Takeaways

  • Over 75% of Kenyan adults actively use mobile wallets like M-Pesa, which processed more than 30 billion transactions in 2023, accounting for approximately 59% of Kenya’s GDP.
  • Kenya’s e-commerce sector is projected to grow from $2.3 billion in 2023 to $3.8 billion by 2028, driven by increased online shopping and improved digital infrastructure.
  • The Central Bank of Kenya reports a 22.9% increase in bank transfer transactions in 2023, highlighting a shift towards digital banking solutions.
  • The digital wallet market in Kenya is expected to grow at a 5.7% annual rate, reaching KES 8.4 trillion (approximately $60.1 billion) in 2024, as more consumers adopt mobile payment methods.
UBank Connect Solutions

Get started today!

Discover how UBank Connect can enhance your payment solutions in Kenya. Contact us today to learn more about how we can support your business. Let’s connect and take your payment processes to the next level.