Mobile transactions hit record high as value falls

The number of subscribers on mobile money platforms has rebounded.

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The volume of mobile transactions hit a record high in August even as the total value of the payments dropped, underlining a decrease in the size of each transaction.

Mobile money agents handled a record 208.61 million transactions in August, a 2.8 percent increase from the previous month, according to data from the Central Bank of Kenya (CBK).

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