The number of subscribers on mobile money platforms has rebounded, a new report by the Communications Authority of Kenya (CA) shows, citing the removal of a code that forced customers on Airtel Money to withdraw cash within seven days of receipt or see the amounts reverted to senders.
The latest sector statistics report published by the regulator shows that subscribers onboarded into the mobile money ecosystem during the three months to March this year totalled 700,000, bringing the number to 38.7 million up from the 38 million recorded as of the close of December.
