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Betting craze powers mobile money to 20 per cent growth
Safaricom on Wednesday described betting as simply one of the many uses of the M-Pesa platform. PHOTO | FILE
The volume of cash moving through mobile money transfer platforms grew by a fifth in the first six months of this year, powered by increased uptake of cellphone-based gaming, industry data shows.
A total Sh1.59 trillion moved through the mobile platforms in the first six months of the year, according to Central Bank of Kenya (CBK) data, signalling that consumers in East Africa’s largest economy are on course to surpassing 2015’s full-year record of Sh2.81 trillion.
