One in every three shillings spent by consumers, businesses, and the government in Kenya in the first six months of the year moved through mobile money, cementing the country’s position as a global leader in the mobile money revolution.
The latest data published by the Central Bank of Kenya (CBK) shows that the cash handled by mobile money agents in the first half of the year increased by 17.5 percent to Sh3.8 trillion. The data, which tracks the monthly performance of mobile money, shows growth from Sh3.26 trillion over the same period last year.
