Number of mobile money accounts rise to 80.8 million

The volume of mobile money transactions handled by agents in the review period rose to 2.076 billion from 2.01 billion in the previous year.

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The number of registered mobile money accounts hit a new record of 80.82 million in the 10 months to October last year attributed to increased use of digital payments methods due to their convenience.

This was a jump from 75.96 million in the same period a year earlier, according to data from the Central Bank of Kenya, indicating that many people have more than one registered phone wallet account.

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Note: The results are not exact but very close to the actual.