South Africa, Nigeria trail Kenya cashless payments

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A chart showing tariffs at an MPesa shop. FILE PHOTO | NMG

Kenyan businesses prefer cashless payments compared to those in South Africa and Nigeria, a new survey of women enterprises shows, highlighting the impact of digital platforms such as M-Pesa.

A report by global digital payments solution provider, Visa, shows that an estimated 71 percent of businesses in Kenya use cash payments, while the preference for this mode by their customers stood at 22 percent.

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