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Kenya’s mobile-based savings accounts have surpassed Ksh1.5 trillion in deposits as of Q1 2024, driven by M-Pesa’s Fuliza Savings, Airtel Money’s Kopa, and SACCO-linked wallets. The Central Bank reports that 68% of adults now save digitally, up from 42% in 2020. Women and rural users lead adoption, using funds for school fees, emergencies, and business capital. Interest-bearing products from Family Bank and CBA are gaining traction. Regulators are finalizing guidelines for deposit insurance on mobile savings. The growth reflects Kenya’s leadership in inclusive finance, with mobile money serving as a gateway to formal financial services.