A man using a mobile money service. Photo/courtesy.

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Mobile banking is a trend aware among many Kenyans.

This mobile-based money transfer system is not only making money transfer efficient and easier but also encouraging the youth to start saving at the comfort of their home or school on their phones.

Gone are the days when you would require to open a bank account in order to lock your savings for some period of time. 

Safaricom provides a range of savings accounts; the M-shwari account and the M-shwari lock account. 

Airtel money also have similar services for its users.

To encourage even more savings, users earn an interest on the amount which a customer saves.

This will go a long way to encourage a savings culture among teenagers and the youth all over the country.