The Development of FinTech in Nairobi: Contributions to Financial Inclusion and Barriers to Growth
This in-depth study explores: why Nairobi has developed into a renowned FinTech hub; what the barriers are to further growth for FinTech companies; and how FinTech is perceived to be contributing to the broadening of Financial Inclusion. Our findings our that Nairobi has emerged as a Financial Technology (FinTech) hub due to the pioneering success of M-Pesa, the inadequacy of incumbent financial