Mobile cash transactions hit record Sh5.2trn on phone payment reliefs

Mpesa-nyeri

An attendant makes an M-Pesa transaction for a customer in Nyeri. FILE PHOTO | NMG

Kenyans moved Sh5.21 trillion through their phones last year, an equivalent of half of the country’s estimated GDP, spurred by relief measures on mobile phone payments to help to curb the spread of the coronavirus.

Fresh data by the Central Bank of Kenya (CBK) shows the total transactions rose by 20 percent from Sh4.34 trillion the previous year.

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