IADI Fintech Brief No. 6 – “E-money and Deposit Insurance in Kenya”

This Fintech Brief offers a case study on the widespread usage of e-money in Kenya, especially through MPESA, a form of e-money stored on mobile phones and issued by Safaricom, a mobile network operator (MNO). The critical importance of MPESA raises questions as to how to deal with a potential default of the MNO and the role of deposit insurance in such a scenario.