Card payment gadgets installation hits a record

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An agent swipes a card. FILE PHOTO | NMG

Businesses have installed an additional 4,777 card payments or point-of-sale (PoS) machines since the onset of Covid-19, sending the total count of these digital payment platforms to a record high on increased demand for non-cash transactions.

The latest Central Bank of Kenya (CBK) data to March shows that there were 48,355 PoS machines, up from 43,578 at the end of February last year.

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