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Sh4trn mobile phone deals move half of Kenya’s GDP
Fresh Central Bank of Kenya (CBK) data shows that mobile transactions stood at Sh3.98 trillion last year, having increased by Sh346 billion -- or 10 percent -- from 2017. FILE PHOTO | NMG
Kenyans moved nearly half the equivalent of the country’s gross domestic product (GDP) through their mobile phones last year, underlining the growing importance of digital wallets to the economy.
Fresh Central Bank of Kenya (CBK) data shows that mobile transactions stood at Sh3.98 trillion last year, having increased by Sh346 billion -- or 10 percent -- from 2017. This translates to an average value of Sh10.92 billion mobile cash transactions per day.
