Will cash reclaim its king position as Kenyans slow down on e-payments on increased levies?

BDKENYAMONEY

The gloomy operating environment has left merchants and buyers with no choice but to return to cash deals. PHOTO | SHUTTERSTOCK

Whoever coined the adage ‘cash is king’ must have possessed a great deal of foresight as its reality keeps unfolding despite several attempts by a range of economic players to engineer a coup.

The renewed aggression has been aided by a rise in transaction charges on mobile money platforms.

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