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Number of mobile money agents declines for first time since June 2020

An attendant makes an M-Pesa transaction for a customer. PHOTO | JOSEPH KANYI | NMG

By  OTIATO GUGUYU

The number of active mobile money agents fell by 10,726 in October, a 3.5 percent drop and the first decline since June 2020.

Central Bank of Kenya (CBK) data shows that there were 295,105 mobile money agents in October, down from 305,831 in September.

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

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